Background The Reserve Bank of India (RBI) indicated that it will soon commence limited pilot launches of e-rupee (e`), or Central Bank Digital Currency (CBDC) or digital rupee, for specific use cases. […]

Modern state is a welfare state, but if borrowing for spending could make countries rich, then no country would be poor. State governments must sustainably create high-paying jobs by raising the productivity of five places — three are of them are not geographic. […]

Background: The impossible trinity, or the trilemma, refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital across its borders at the same time. According to economists, any economy can choose to pursue only two out [...]

The story so far Moonlighting — or employees working for remuneration with entities other than their employers — has been a hot topic in recent months.  During the pandemic, those with desk jobs had more time on their hands and thus it was easier to take on a few projects [...]

Background India’s unemployment rate dropped to 6.43% in September due to an increase in labour participation in the rural and urban areas according to data from the Centre for Monitoring Indian Economy (CMIE) In August, unemployment had surged to a one-year high of 8.3% as employment sequentially fell by 2 [...]

The story so far:  Finance Minister Nirmala Sitharaman on Monday, September 2, defended the windfall tax imposed by the Centre on domestic crude oil producers, saying that it was not an ad hoc move but was done after full consultation with the industry. […]

Background: A petition was filed in January in the Supreme Court, which sought judicial intervention to direct the Election Commission to derecognise political parties who use freebies to lure voters to vote in favour of these parties.  This issue has invited clamor and debates from various sections of society after [...]

The issue of ‘freebies’ has bounced back, when the Supreme Court of India on August 3, 2022, recommended constituting an expert committee comprising representatives of the beneficiaries, Union and State governments, the Finance Commission, NITI Aayog and the Reserve Bank of India to study the issue of ‘freebies’. [...]

Context:- The lavender crop is changing the landscape and improving farm incomes in Kashmir. […]

Context :- The rupee seems to be on a trajectory of decline, with its value relative to the dollar (as per the Reserve Bank of India’s reference rate) falling from Rs.76.4 at the beginning of April to Rs.79.1 at the beginning of July. Cause:-  […]