Employment Linked Incentive Scheme 2025: Union Cabinet approves ₹99,446 crore ELI Scheme to create 3.5 crore formal jobs with EPFO-linked benefits and incentives for both employees and employers. Cabinet Approves ELI Scheme to Generate 3.5 Crore Jobs Across India A Bold Initiative for Youth and Economy On July 1, 2025, the Union Cabinet approved the…
Introduction The United States has introduced a legislative proposal titled “The One Big Beautiful Bill,” which includes a provision to impose a 5% tax on remittances sent abroad by non-citizens. This move is poised to significantly impact the Indian diaspora, particularly those on H-1B visas and green card holders, who regularly send money back to…
RBI’s Strategic Move to Strengthen Foreign Exchange Reserves In a notable economic development, the Reserve Bank of India (RBI) has significantly increased its gold reserves by purchasing 57.5 tonnes during the fiscal year 2024–25. This move demonstrates India’s continued strategy to diversify its foreign exchange (forex) reserves amid global economic uncertainties and inflationary pressures. As…
Introduction: Government’s Support to Sugarcane Farmers On April 30, 2025, the Union Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved a significant increase in the Fair and Remunerative Price (FRP) of sugarcane for the 2025–26 season. The FRP has been raised by ₹15 per quintal, setting it at ₹355 per…
Rupee Hits Record Low of ₹86 Against US Dollar In a major development in India’s financial landscape, the Indian rupee has hit a record low of ₹86 against the US dollar. This sharp depreciation of the rupee has raised concerns among economists, policymakers, and the general public. The rupee’s value has been under pressure for…
10 Years of NITI Aayog – Shaping India’s Future Introduction: NITI Aayog’s Role in India’s Development NITI Aayog (National Institution for Transforming India) has played a crucial role in shaping India’s policy framework and guiding the nation’s growth trajectory. Established on January 1, 2015, NITI Aayog replaced the Planning Commission, focusing on achieving sustainable development,…
India Revises GDP Base Year to 2022-23 India has revised its Gross Domestic Product (GDP) base year to 2022-23, a move aimed at improving the accuracy and reliability of national economic data. The decision was taken after the release of the 2022-23 GDP data by the National Statistical Office (NSO), replacing the earlier base year…
OECD Raises India’s FY25 Growth Forecast to 6.8% India’s Economic Growth Projection Revised by OECD The Organisation for Economic Co-operation and Development (OECD) has raised India’s GDP growth forecast for the financial year 2025 to 6.8%, a notable revision from its earlier projection. This adjustment underscores India’s robust economic performance and resilience amidst global economic…
India’s Exports Soar by 17% in October, Trade Deficit Hits $27 Billion India’s export performance in October 2024 has shown remarkable growth, with exports soaring by 17% compared to the previous year. This growth has been attributed to strong demand for goods in key sectors, including petroleum products, chemicals, engineering goods, and textiles. The overall…
Most Expensive Countries in the World: An Insight into Global Living Costs Introduction: Overview of the Most Expensive Countries The rising costs of living have become a global concern, with various countries witnessing dramatic increases in the price of everyday goods and services. The latest data reveals that some countries have emerged as the most…
