Economy

RBI Maintains Status Quo: Repo Rate Stays Unchanged to Balance Growth and Inflation

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

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Budget session to begin on 22 July

  The Budget Session of the Parliament will begin from July 22, 2024 and conclude on August 12, 2024. LEARNING FROM HOME/WITHOUT CLASSES/BASICS The financial year in India commences from…

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What are Intellectual Property Rights

Trade-Related Aspects of Intellectual Property Rights (TRIPS)  BACKGROUND Ideas and knowledge are an increasingly important part of trade. Most of the value of new medicines and other high-technology products lies…

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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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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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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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