Reserve Bank of India: Operation and Monetary Tools

The Reserve Bank of India is the supreme monetary and banking authority in the country. It keeps the cash reserve of all scheduled banks and hence is known as Reserve…

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The International Monetary Fund revised India’s  growth forecast

The International Monetary Fund (IMF), in the World Economic Outlook released, has revised India’s FY25 GDP growth forecast for 2024-25 to 6.8% from 6.5%. IMF projected based on strong domestic…

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Reserve Bank Of India has kept the repo rate unchanged

The Reserve Bank of India (RBI) Monetary Policy Committee under Governor Shaktikanta Das kept the repo rate unchanged at 6.5%. Since May 2022, the central bank has raised the repo…

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India signs $100bn free trade deal with European EFTA bloc

India has signed a $100 billion free trade deal with a European bloc that includes Switzerland, Norway, Iceland, and Liechtenstein. These four countries are not part of the European Union….

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India’s GDP in the December quarter grew by 8.4 percent

According to government data released on Thursday, the Indian economy expanded by 8.4 percent from October to December 2023, compared to the 4.3 percent growth recorded a year earlier. The…

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Retail Inflation Smooths in January: Basics Explained

 According to the data released by the National Statistical Office (NSO) retail inflation fell to a three-month low of 5.1%   from 5.7% in November.  Overall, food inflation fell to 8.3%…

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Budget: Basics and Constitutional Provisions

LEARNING FROM HOME/ WOTHOUT CLASSES/BASICS The financial year in India commences from 1st April every Year. Before the start of each financial year, the government of India seeks the permission/approval…

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The Multidimensional Poverty Declined in India: Basic Explained

According to a discussion paper released by NITI Aayog multidimensional poverty (MPI) in India declined from 29.17 percent in 2013-14 to 11.28 percent of the population in 2022-23, In absolute…

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The trade deficit reduced to a three-month: Basics Explained

The official data released by the Ministry of Commerce and Industry showed the trade deficit reduced to a three-month low due to lower imports on the back of easing commodity…

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K shaped recovery in India: Basics Explained

READ: India’s K-shaped recovery debate has economists divided | Mint ( There is no consensus among economists regarding whether India is indeed in the throes of a K-shaped recovery or…

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