1. Union Budget 2024-25 — no signs of learning (Source – The Hindu, International Edition – Page No. – 10) Topic: GS3 – Indian Economy Context The Union Budget 2024-25, presented by Nirmala Sitharaman, prioritises easing business regulations and encouraging private sector job creation over direct tax measures. Despite significant promises to allies and large…
1. FM revises personal income tax slabs (Source – The Hindu, International Edition – Page No. – 2) Topic: GS3 – Indian Economy Context Finance Minister Nirmala Sitharaman revised the income tax slabs and increased standard deductions under the new tax regime to provide relief to middle-class taxpayers and promote higher disposable income. Key changes…
 1. A SETBACK FOR THE FARM (Source: Indian Express; Section: The Editorial Page; Page: 14) Topic: GS3– Indian Economy – Government Budgeting GS3 – Agriculture Context: The article discusses the Indian economy’s performance in the fiscal year 2023-24, highlighting a robust GDP growth of 8.2% and projections of over 7% growth in FY25. Despite this,…
Q1) Understanding, acceptance, and equal rights for LGBTQIA+ community can only arise out of sociopolitical sensitization of the policy discourse. Comment with relevant illustrations. (150 Words/10 Marks) ANS The Supreme court of India decriminalised homosexuality by striking down parts of the section 377 of IPC in the landmark Navtej Singh Johar case (2018). In recent…
1. INDIA’S REAL GDP PROJECTED TO GROW BETWEEN 6.5–7 PER CENT IN 2024-25 (Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2034973 ) Topic: GS3 – Indian Economy Context The Economic Survey 2023-24 presented by the Union Minister of Finance highlights India’s robust economic recovery post-pandemic, with an 8.2% GDP growth in FY24. Significant sectoral contributions, improved fiscal metrics, and enhanced…
 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. 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…