News Snippet News 1: Tea exports – (All about tea as it has been asked in UPSC CSE 2022 prelims exam) News 2: India-USA relations update- (Recent developments with regards to Indo-USA relationship) News 3: UAPA (Unlawful Activities Prevention Act) – (Banning of organizations which seeks to disrupt or disturb sovereignty, public order [...]

News Snippet News 1: Employment Survey – (A survey by Labour Ministry gives a good idea of the employment scenario in India and the sectors responsible for the employment) News 2: India Tourism Statistics – (Gives an idea about which countries are important for Tourism sector) News 3: PM Modi [...]

News 1: OECD flags global recession risk on energy, inflation crisis Background Global economic growth is slowing in the wake of Russia’s invasion of Ukraine, as energy and inflation crisis risk snowballing into recession in major economies. While global growth this year was still expected at 3%, it is now [...]

News 1: ‘On track to attract $100 bn FDI this year’ Background: India is on track to attract $100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the Centre said on Saturday. In 2021-22, India received the “highest ever” [...]

News 1: G4 countries highlight ‘urgent need’ for reform in UN Security Council Background: Reform of the United Nations has been a central theme of External Affairs Minister S. Jaishankar’s visit to the United Nations this week, and on Thursday, he met with his counterparts from Germany, Brazil and Japan [...]

News 1: Rupee slides to new low of 80.79 on Fed rate increase, stance Background: The Indian rupee on Thursday weakened sharply against the dollar to a new record low in the wake of the U.S. Federal Reserve increasing interest rates by 75 basis points and signaling more such steep [...]

News 1: ADB pares India FY23 GDP growth forecast to 7%, from 7.5% Background: The lender also raised its inflation projection for India for this year to 6.7% and widened the current account deficit (CAD) estimate to 3.8% of GDP. The ADB sees the CAD narrowing to 2.1% of GDP [...]

News 1: Issues with the FinTech Industry Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday flagged concerns related to digital lending including a spate of complaints regarding usurious interest rates, unethical recovery practices and data privacy issues and emphasized the need for the fintech industry to focus on [...]

News 1: FM urges World Bank arm IFC to raise lending to India Background: Finance Minister Nirmala Sitharaman has urged the World Bank’s private sector investment arm, the International Finance Corporation (IFC), to increase lending to India to more than $2 billion in the next two years and to $3-3.5 [...]

News 1: PM Modi unveils policy for logistics Background: Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy that seeks to address challenges facing the transport sector and bring down the logistics cost for businesses from 13-14% to a single digit. […]