IndianEconomy

Analysis of Union Budget 2024-25 What You Need to Know | UPSC

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Introduction Finance Minister Nirmala Sitharaman presented the Union Budget 2024 today on July 23, 2024.  She reiterated the government’s commitment to four sectors – the poor, women, youth, and farmers. Major Announcements in Budget 2024-25 Employment: Scheme A: First Timers – Offers a one-month wage for individuals entering the formal workforce, benefiting 210 lakh youth.  […]

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Budget 2024 For India By Finance Minister | UPSC

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Introduction The Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Parliament, marking her seventh consecutive budget.  The Budget focused on supporting the poor, women, youth, and farmers, with significant emphasis on increasing government spending, generating jobs, and providing relief to the middle class.  Budget A budget is a financial plan that outlines

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Understanding Overview of Economic Survey | UPSC

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Introduction Finance Minister Nirmala Sitharaman presented the Economic Survey in Parliament, offering a detailed analysis of India’s economic performance and providing recommendations for future policies. The Economic Survey is an annual document presented by the Government of India’s Ministry of Finance.  It is typically released a day before the Union Budget.  It provides a comprehensive

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Food Processing: Overview and Growing Demand in India | UPSC

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Introduction Food processing transforms raw agricultural products into consumable food items, enhancing their value and shelf life. It is a key priority under the ‘Make in India’ initiative. To achieve developed nation status in the next 25 years, India’s food processing sector will be crucial in transforming the primary agriculture sector.  This transformation will enhance

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Indian Handloom Sector: Opportunities and Challenges | UPSC

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Introduction The Indian handloom industry is the oldest and largest industry in the world, with a history of thousands of years. Handloom production is now the country’s second largest job-creating sector after agriculture, employing more than 65 lakh people. However, despite outstanding craftsmanship that demonstrates Indian culture, the industry faces several issues. While the Indian

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RBI’s Record Surplus Transfer to Central Government: Opportunities and Challenges UPSC

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Introduction The Central Board of the Reserve Bank of India (RBI) recently approved a significant surplus transfer of Rs. 2.11 lakh crore to the Central Government for the accounting year 2023-24. This amount represents a substantial increase of 141% compared to the previous year’s (2022-23) transfer of Rs. 87,416 crore. How does the RBI generate

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