June 23, 2024

Indian Economy


General Studies Paper -3 Context: The recent UN report by the Sustainable Development Solutions Network (SDSN) underscores a critical juncture for global efforts to achieve the Sustainable Development Goals (SDGs) by 2030. The findings paint a bleak picture, with none of the 17 goals on track, highlighting the need for urgent and comprehensive reforms. Importance of SDGs The Sustainable Development Goals (SDGs) are a set of 17 global goals established by the United Nations in 2015. These goals are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by....Read More

Digital Agri Mission

General Studies Paper-2 Context: The Union government will announce a Rs 2,800 crore Digital Agriculture Mission. About the Mission Digital Agriculture Mission will pave the way for creation of a nationwide farmers registry, crop sown registry, and georeferencing of village maps. A budgetary allocation of Rs 28,00 crore has been made for the mission and it will be rolled out over the next two years (till 2025-26). The launch of the mission was initially planned in 2021-22 but due to Covid-19 outbreak, it could not be rolled out nationally. Components One of the components of the mission is to create....Read More

General Studies Paper-3 Context: India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24 Key Highlights The data showed that the deficit with China, Russia, Korea, and Hong Kong increased in the last fiscal compared to 2022-23, while the trade gap with the UAE, Saudi Arabia, Russia, Indonesia, and Iraq narrowed. China has emerged as India’s largest trading partner with $118.4 billion of two-way commerce in 2023-24, edging past the U.S. India’s total trade deficit in the last fiscal narrowed to $238.3....Read More

General Studies Paper-3 Context In April 2024, the annual retail inflation for pulses was 16.84% and the imports hit a seven-year high. Production of Pulses in India India is the largest producer (25% of global production), consumer (27% of world consumption) and importer (14%) of pulses in the world. Pulses account for around 20 percent of the area under food grains and contribute around 7-10 percent of the total foodgrains production in the country. Though pulses are grown in both Kharif and Rabi seasons, Rabi pulses contribute more than 60 percent of the total production. Gram is the most dominant....Read More

General Studies Paper-3 Context: El Niño and other climate phenomena affect rainfed agriculture in many ways, leading to the challenge of food insecurity. About Recently Observed Climate Phenomena Western disturbances: There has been a series of disruptive weather and climate phenomena in India, demonstrating the complexity of the precipitation system. There was the Western disturbance, which usually brings much-needed moisture from European seas to the western Himalayas and parts of northern India in the winter and spring. But this year, the Western disturbance remained active late into the summer, snapping at the heels of the southwest monsoon. El Niño: An....Read More

General Studies Paper-3 Context Recently, the Ministry of Statistics and Programme Implementation (MOSPI) released the Periodic Labour Force Survey (PLFS) for the first quarter (Q1) of 2024. About the Periodic Labour Force Survey (PLFS) It was launched by the National Sample Survey Office (NSSO) in April 2017, considering the importance of availability of labour force data at more frequent time intervals. The data on Employment and Unemployment is collected through Periodic Labour Force Survey (PLFS). Objectives: To estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation Rate, Unemployment Rate) in the short time interval of....Read More

General Studies Paper-3 Context: The Supreme Court held that a person summoned by a designated special court under the Prevention of Money Laundering Act (PMLA), is presumed to be not in custody and need not apply for bail. About Prevention of Money Laundering Act (PMLA) 2002 The Parliament enacted the PMLA as a result of international commitment to deal with the menace of money laundering. Provisions: 3 of PMLA defines the offense of money laundering as any process or activity connected with the proceeds of crime and projecting it as untainted property. Prescribe obligation: PMLA prescribes the obligation of banking....Read More

General Studies Paper-3 Context: India’s merchandise exports witnessed a slight improvement in April 2024, showing a modest increase of 1.07% compared to the same month the previous year. Key Analysis Export Trends: In 2023-24, India’s merchandise exports declined by over 3% due to geopolitical and logistical disruptions. However, in April 2024, there was a marginal uptick of 1.07% (worth $370 million) compared to the previous year. Key contributors to export growth last month were pharma, chemicals, electronics, and petroleum products (recovering from a 35% contraction in March). Trade Deficit and Import Bill: Despite export growth, India’s goods import bill surged....Read More

General Studies Paper-3 Context– The Household Consumption Expenditure Survey for 2022-23 (HCES) by the National Sample Survey Office (NSSO) led to estimations of poverty and inequality trends by researchers.  What are the trends in poverty and inequality according to some studies? Based on the Rangarajan Committee’s poverty lines, the estimated poverty ratio declined from 29.5% in 2011-12 to 10% in 2022-23 (1.77% points per year). Based on the Tendulkar Committee’s poverty lines, the poverty ratio declined from 21.9% in 2011-12 to 3% in 2022-23 (1.72% points per year). Between 2011-12 and 2022-23, the Gini coefficient declined from 0.278 to 0.269....Read More

General Studies Paper-3 Context: The Smart Cities Mission (SCM), a flagship programme has taken a back seat in this year’s list of poll promises and achievements. About Smart cities were defined by urban practitioners as new Silicon Valleys built with a strong integration of a network of airports, highways, and other types of communications, a so-called intellectual city with advanced ICT. It is an initiative of the Union Housing and Urban Affairs Ministry, launched in 2015. 100 cities have been selected to be developed as Smart Cities through a two-stage competition for five years. The Mission is operated as a....Read More

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