1. Survey signals for Budget (Source: Indian Express; Section: The Ideas Page; Page: 11) Topic: GS3– Indian Economy Context: India’s GDP growth for fiscal 2024 exceeded expectations at 8.2%, driven by robust tax collections and extra dividends from the Reserve Bank of India (RBI). Despite global risks and a subdued agricultural sector, India’s economy demonstrated…
1. Economy likely to grow by 7% this year: Survey (Source – The Hindu, International Edition – Page No. – 1) Topic: GS3 – Indian Economy Context The Indian economy is set to grow by 6.5% to 7% this year, focusing on addressing inequality and unemployment. The Economic Survey for 2023-24 highlights the need for…
Global Economic Scenario Current Problems Facing the Global Economy Buoyancy in Revenues Continues in FY24: Global GDP Growth: Despite geopolitical uncertainties and inflationary pressures, the global economy registered a growth of 3.2% in 2023, which is robust but marginally lower than in 2022. Inflation Trends: Inflationary pressures have been high due to supply chain disruptions…
1. Atmanirbhar Bharat: Two of the World’s Five Largest Coal Mines Now in India (Source – https://www.pib.gov.in/PressReleasePage.aspx?PRID=2034007 ) Topic: GS3 – Indian Economy – Changes in industrial policy and their effects on industrial growth. Context SECL’s Gevra and Kusmunda mines in Chhattisgarh are ranked 2nd and 4th globally in coal production.They produce over 100 million…
Q1) Discuss the challenges created by anti-defection law and suggest measures to enhance its effectiveness as a deterrent against political corruption. (150 Words/10 Marks) Anti-Defection Law (1985) is a constitutional amendment act of the Parliament, creating the 10th schedule. The law intends to check political corruption by preventing political defections. However, Anti Defection Law itself…
1. India’s garment export woes self-inflicted: report (Source – The Hindu, International Edition – Page No. – 4) Topic: GS3 – Indian Economy – Effects of liberalisation on the economy. Context India’s garment exports, valued at $14.5 billion in 2023-24, are hampered by high import duties, complex procedures, and outdated regulations. Competitors like Vietnam and…
1. Bankrolling growth (Source: Indian Express; Section: The Ideas Page; Page: 11) Topic: GS3– Indian Economy Context: In the past decade, companies have significantly improved their ability to finance capital expenditure, increasing more than threefold due to deleveraging and profit growth. According to a CRISIL analysis, this improvement has coincided with a marked reduction in…
1. Shock-proof state: On an outage and a democratic digital infrastructure (Source – The Hindu, International Edition – Page No. – 8) Topic: GS2 – Governance Context On July 19, a software glitch caused widespread outages affecting supermarkets, banks, hospitals, and airports globally. The incident underscored the need for robust failsafes and emergency protocols in…
