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Accountability of Private Entities Receiving State Patronage
p.1
The principle that private entities, especially those receiving significant state patronage (such...
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Bank Fraud & Non-Performing Assets (NPAs)
p.1
Bank fraud involves illegal acquisition of funds from banks, often leading to NPAs (loans overdue...
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Brain Drain and Talent Retention in India
p.1
India faces brain drain as skilled talent seeks better opportunities abroad; retaining them requi...
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Central Bank Monetary Policy and Interest Rate Management
p.2
Central banks use monetary policy, primarily interest rate adjustments, to control inflation and ...
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Centrally Sponsored Schemes (CSS)
p.2
Centrally Sponsored Schemes are central government-funded programs implemented by states to achie...
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§
Challenges and Headwinds to India's Economic Growth
p.2
India faces significant headwinds including geopolitical conflicts impacting supply chains, a pre...
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Challenges of Urbanization and Migrant Labour
p.3
Explores the socio-economic difficulties faced by rural migrants in urban centers, including hous...
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Climate Finance in India
p.3
India needs trillions of dollars for climate action, primarily from domestic sources, utilizing i...
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Coal Exchanges
p.3
Coal exchanges are new regulated platforms for transparent, market-based coal trading, aiming for...
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§
Collective Investment Schemes (CIS)
p.4
CIS are investment vehicles pooling funds from investors for collective asset management, regulat...
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Comprehensive Economic Partnership Agreement (CEPA)
p.5
CEPA is a comprehensive free trade agreement between India and Canada, targeted for finalization ...
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§
Comprehensive Economic and Trade Agreement (CETA)
p.4
CETA is a broad international trade pact aimed at liberalizing trade, facilitating investment, an...
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Comprehensive Economic and Trade Agreements (CETAs) / Free Trade Agreements (FTAs)
p.4
FTAs/CETAs are legal frameworks for economic integration, reducing trade barriers across goods, s...
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§
Contractual Labour in India
p.5
Contractual labour in India, while offering flexibility to employers, often leads to precarious w...
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§
Corporate Governance
p.5
The MoU between SEBI, NISM, and IICA aims to advance corporate governance through capacity buildi...
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Corporate Governance and Transparency in Financial Markets
p.6
Corporate governance ensures companies are run ethically and accountably, with transparency (disc...
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Credit-Deposit Wedge
p.6
The disparity between credit and deposit growth, where credit outpaces deposits, indicating poten...
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Critical Minerals and Supply Chain Resilience
p.6
Critical minerals are vital for modern industries, but their concentrated supply chains pose risk...
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Defence Expenditure and Fiscal Policy
p.7
Defence expenditure is a key fiscal policy tool reflecting national priorities and security conce...
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§
Defence Procurement Policy (DAP)
p.7
India's Defence Procurement Policy (DAP) is evolving to address challenges posed by rapidly chang...
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Demographic Change and its Implications in India
p.7
India's demographic profile is undergoing significant changes, with implications for its demograp...
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Demographic Transition and Dividend
p.8
India is undergoing a demographic transition with falling fertility rates and a large youth popul...
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Demographic Transition and Dividend in India
p.8
India is currently in a crucial phase of its demographic transition, marked by a significant decl...
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§
Demographic Transition in India
p.8
India's ongoing demographic shift, marked by declining fertility and an ageing population, necess...
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Digital Public Infrastructure for Financial Inclusion and Health
p.9
India's DPI, built on Aadhaar, UPI, and Jan Dhan, is a robust digital ecosystem enabling scalable...
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§
Direct Taxation in India
p.9
Direct tax collection, comprising corporate and non-corporate taxes, is a key revenue stream for ...
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§
Disinvestment Policy
p.9
Government policy of selling PSU stakes to manage finances, fund development, and boost efficienc...
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§
Economic Impact of Geopolitical Conflicts and Sanctions
p.10
Geopolitical conflicts and associated sanctions impose significant economic strain on involved na...
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§
Economic Liberalization and Fiscal Reforms
p.10
Key components of economic liberalization (deregulation, privatization) and fiscal reforms (tax b...
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§
Economic Sanctions and Asset Freezes
p.10
Economic sanctions, including asset freezes, are coercive foreign policy tools used to pressure t...
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Economic Sanctions and Frozen Assets
p.11
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Economic Sanctions as a Foreign Policy Tool
p.11
Punitive economic measures to achieve foreign policy goals; U.S. lifting sanctions on Iran; impac...
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§
Economic Security & Supply Chain Resilience
p.11
India and France have established an 'Economic Security Dialogue' to enhance supply chain resilie...
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§
Economic Slowdown and Macroeconomic Distress
p.12
The Indian economy is showing signs of distress, with key indicators like the Index of Eight Core...
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§
El Niño and its Socio-Economic Impact on India
p.12
El Niño, a warm phase of ENSO, causes significant weather disruptions like weak monsoons in India...
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§
Electronic Toll Collection (ETC) Systems in India
p.12
India's ETC system, primarily FASTag under NETC, uses RFID for cashless tolling, improving effici...
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Energy Security and Domestic Hydrocarbon Production
p.13
India faces persistent challenges in energy security due to multi-year contractions in domestic c...
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Energy Security and Strategic Self-Reliance
p.13
India's energy security relies on reducing import dependence and building indigenous technologica...
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Energy Security in India
p.13
India's energy security is challenged by its high dependence on fossil fuel imports and the incom...
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Exchange Rate Management and its Economic Implications
p.14
The article discusses the ongoing debate regarding the Reserve Bank of India's (RBI) intervention...
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Export Duty
p.14
Export duties are indirect taxes on exports, used by the government to manage domestic supply, es...
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Export Promotion Policies and Challenges
p.14
India aims for $1 trillion in exports, facing hurdles like domestic market comfort, logistics ine...
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External Sector & Capital Flows
p.15
India is actively promoting surface coal gasification technology with a substantial incentive pac...
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External Sector Vulnerabilities & Balance of Payments (BoP) Crisis
p.15
External sector vulnerabilities refer to a country's susceptibility to financial instability due ...
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Fiscal Policy & Energy Subsidies
p.16
Government's use of energy subsidies to stabilize consumer prices, while politically prudent, cre...
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Fiscal Policy & Price Stabilization
p.16
The government's decision to absorb global energy price shocks through public sector undertakings...
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Fiscal Policy and Welfare State Sustainability
p.15
The article highlights the UK's fiscal dilemma: an ageing population straining public finances, f...
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Fiscal Sustainability of Public Expenditure on Salaries and Pensions
p.16
The article highlights that public sector salaries, pensions, and interest payments consume a sub...
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Fiscal Sustainability of State-Owned Enterprises
p.17
The case of KSRTC illustrates the severe fiscal sustainability challenges faced by many State-Own...
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§
Fixed-Term Employment (FTE)
p.17
Fixed-Term Employment (FTE), formally introduced by India's Industrial Relations Code, allows hir...
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Foreign Direct Investment (FDI)
p.17
FDI is a cross-border investment in productive assets, bringing capital, technology, and jobs. In...
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§
Foreign Direct Investment (FDI) Policy in India
p.18
India's FDI policy, formulated by DPIIT, regulates foreign investment through automatic and gover...
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§
Free Trade Agreements (FTAs) and India's Trade Policy
p.18
India's strategic pursuit of FTAs like ECTA and the proposed CECA with Australia is a critical as...
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§
Free Trade Agreements (FTAs) and their Effectiveness
p.18
FTAs aim to liberalize trade by reducing tariffs, but their effectiveness, particularly for India...
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Fuel Price Mechanism in India
p.19
The mechanism by which petrol and diesel prices are determined in India, including the role of Oi...
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§
Fuel Subsidies and Under-recoveries
p.19
Government intervention to keep fuel prices low, leading to financial burden on the state or OMCs...
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§
Gender Disparities in Unpaid Work and Labor Force Participation
p.19
Significant gender disparities exist in India regarding unpaid care work and labor force particip...
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§
Gig Economy and Social Security
p.20
The gig economy, characterized by short-term contracts and platform-based work, presents signific...
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Gig Economy and Worker Rights
p.20
The gig economy offers flexibility but poses significant challenges to worker rights and social s...
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§
Gig Economy and Worker Welfare
p.20
The gig economy, characterized by flexible, short-term work, presents challenges like worker expl...
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§
Global Capability Centres (GCCs)
p.21
Global Capability Centres (GCCs) are captive units of multinational corporations in India, drivin...
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§
Global Corporate Governance and Compliance
p.21
Global corporate governance and compliance involve adhering to diverse international legal, regul...
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§
Global Crude Oil Prices and Domestic Fuel Pricing
p.21
Fluctuations in international crude oil prices significantly impact India's economy due to high i...
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§
Global Supply Chain Resilience
p.22
Global supply chain resilience is vital for economic security, addressing vulnerabilities from ge...
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Gold as an Economic Asset and Market Dynamics
p.22
Gold's economic role in India is characterized by high demand, import dependence, and price volat...
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§
Goods and Services Tax (GST)
p.22
GST is India's unified indirect tax, replacing multiple central and state levies, aiming for a co...
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§
Health Insurance Sector Dynamics in India
p.23
The Indian health insurance sector faces significant challenges, primarily driven by steep premiu...
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Hybrid Annuity Model (HAM)
p.23
HAM is a PPP model for highways where the government pays 40% upfront and the rest as annuities, ...
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§
Imported Inflation & Currency Depreciation
p.23
Imported inflation, often exacerbated by currency depreciation, occurs when the cost of imported ...
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§
Index of Eight Core Industries (ICI)
p.24
The Index of Eight Core Industries (ICI) measures the combined performance of eight crucial infra...
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§
India's Changing Population Dynamics and Socio-Economic Implications
p.25
India's TFR is below replacement level, leading to an ageing population by 2050. This demographic...
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§
India's Energy Demand Growth & Industrialization
p.25
India's rising electricity demand, primarily driven by industrial expansion in regions like the E...
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§
India's Energy Security
p.25
India's energy security is paramount due to high import dependence (~90% crude), making it vulner...
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§
India's Energy Security Strategy
p.26
India's energy security strategy focuses on reducing import dependence vulnerability through supp...
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India's Energy Security and Import Dependence (Coal)
p.26
India's efforts to reduce coal imports by boosting domestic production and improving logistics ar...
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India's Energy Security and Petroleum Economy
p.26
India's energy security is challenged by high crude import dependence, falling domestic output, a...
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India's Macroeconomic Performance and Sectoral Dynamics
p.27
India's economy showed resilience with 7.7% GDP growth in 2025-26, driven by consumption and inve...
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India's Macroeconomic Resilience
p.27
India demonstrates macroeconomic resilience through stable growth, controlled inflation, and a ro...
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India's Macroeconomic Stability and Growth Drivers
p.27
The RBI's report highlights domestic demand as a key growth driver, but notes that supply-side pr...
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§
India-Australia Economic Cooperation and Trade Agreements
p.24
India-Australia economic ties are deepening through agreements like ECTA and the proposed CECA, f...
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§
India-EU Free Trade Agreement
p.24
The India-EU FTA is a crucial bilateral trade agreement aimed at liberalizing trade and investmen...
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§
India-UK Comprehensive Economic and Trade Agreement (CETA)
p.28
The India-UK CETA is a proposed bilateral trade agreement aimed at liberalizing trade in goods an...
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§
India-US Bilateral Trade Agreement
p.28
The India-US BTA is a crucial policy instrument aimed at deepening economic ties by reducing trad...
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§
India-US Bilateral Trade Relations
p.28
Focuses on the economic ties, trade agreements, and points of contention (like tariffs) between I...
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§
Industrial Policy for Strategic Sectors
p.29
Industrial policy, exemplified by PLI in pharma, aims to build domestic capabilities and reduce s...
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§
Inflation Indices and their Evolution in India
p.30
India's inflation measurement system has been significantly upgraded with revisions to CPI and WP...
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§
Inflation Measurement and Price Indices in India
p.30
India has updated its key price indices: CPI (base year 2024, improved basket), WPI (new series),...
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§
Inflation and its Drivers
p.29
The sustained increase in the general price level of goods and services in an economy, often driv...
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§
Inflation and its Measurement in India
p.29
Inflation is the general increase in prices. India uses CPI (retail) and WPI (wholesale) to measu...
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Inflation and its Socio-Economic Impact
p.30
Inflation is the sustained increase in the general price level, reducing purchasing power. The ar...
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Informal Sector and Urban Livelihoods
p.31
The informal sector in India, particularly in urban areas, provides livelihoods for millions but ...
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Insolvency and Bankruptcy Code (IBC)
p.31
The IBC is India's unified law for time-bound insolvency resolution, shifting to a creditor-in-co...
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§
Insurance Surety Bonds (ISBs)
p.31
The Coal Ministry's decision to allow Insurance Surety Bonds (ISBs) as an alternative to Performa...
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§
Inter-State Migration and Urban Livelihoods
p.33
The Maharashtra government's Marathi language mandate for taxi/auto drivers underscores the signi...
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§
International Economic Cooperation and Trade Agreements
p.32
FTAs are agreements to liberalize trade by reducing barriers like tariffs. India uses them to boo...
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§
International Labour Mobility
p.32
India's strategy to leverage its demographic dividend by facilitating international mobility of s...
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§
International Trade Agreements and Negotiations
p.32
International trade agreements are treaties reducing trade barriers, covering goods, services, an...
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§
International Trade Policy and Non-Tariff Barriers
p.33
India faces significant challenges in international trade, including tariffs and non-tariff barri...
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§
Jobless Growth and Structural Unemployment in India
p.33
India's economic growth is increasingly characterized by capital-intensive investments and automa...
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§
Labour Codes in India
p.34
The four new Labour Codes aim to modernize India's labour laws by consolidating existing legislat...
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§
Labour Welfare and Minimum Wage Policy
p.34
Focuses on the government's role in setting minimum wages, ensuring fair working conditions, and ...
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§
Maritime Insurance and Sovereign Guarantees
p.34
The Bharat Maritime Insurance Pool, backed by a sovereign guarantee, is India's attempt to provid...
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§
Medical Inflation
p.35
Medical inflation, currently around 15% in India, is a key factor driving up healthcare costs and...
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§
Migrant Labor Issues and Exploitation
p.35
Migrant workers, often from vulnerable backgrounds, face significant challenges including exploit...
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§
Monetary Policy Transmission
p.36
The process by which RBI's policy rate changes affect market interest rates and economic activity...
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§
Monetary Policy and Inflation Targeting
p.35
RBI's monetary policy aims for price stability through inflation targeting (4% +/- 2%). The MPC s...
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§
Monetary Policy and Reserve Bank of India's Role
p.36
RBI conducts monetary policy to manage money supply and credit, aiming for price stability (infla...
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§
National Income Accounting and GDP Measurement in India
p.36
Recent upgrades to India's national accounts data, including GDP, involve updating the base year ...
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§
National Income Accounting and Measurement in India
p.37
India's national income accounting system, including GDP and GVA, has undergone significant upgra...
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§
Natural Monopolies
p.37
Natural monopolies, common in infrastructure like power T&D, occur when one firm can serve the en...
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§
Non-Tariff Barriers (NTBs)
p.37
Non-Tariff Barriers (NTBs) have replaced tariffs as the primary obstacles to international trade,...
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§
Official Statistics and Data Management in India
p.38
MoSPI employs advanced digital platforms and rigorous validation processes to enhance the timelin...
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§
Official Statistics and Macroeconomic Indicators in India
p.38
MoSPI periodically reviews and updates India's statistical framework, including base year revisio...
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§
Oil Price Volatility and its Economic Impact
p.38
Fluctuations in global crude oil prices significantly impact India's economy, leading to retail p...
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§
Opportunity Cost
p.39
Opportunity cost is the value of the best alternative not taken when a decision is made. In the c...
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§
Population Policy and Demographic Trends
p.39
India's population policy is evolving from growth control to managing demographic shifts like dec...
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§
Producer Price Index (PPI) and Wholesale Price Index (WPI)
p.39
WPI tracks wholesale price changes, while PPI measures prices received by producers. PPI is gaini...
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§
Professional Engagement & Quality Assurance in Infrastructure Projects
p.40
NHAI's new framework for consultancy contracts aims to improve project quality and attract talent...
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§
Protectionism and Trade Wars
p.40
Protectionism involves trade barriers to protect domestic industries, often leading to trade wars...
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§
Public Sector Employment and Recruitment Reforms
p.40
Government's efforts to streamline and make public sector recruitment transparent and efficient, ...
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§
Public Sector Undertakings (PSUs) in Core Industries
p.41
PSUs are government-owned entities crucial for India's core industries and infrastructure. They u...
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§
Reserve Bank of India's Role in Green Finance
p.41
RBI is actively promoting green finance by mandating climate risk integration for banks, includin...
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§
Retail Inflation (Consumer Price Index - CPI)
p.41
Retail inflation, measured by CPI, indicates the rate at which consumer prices rise. It's a key e...
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§
Securities and Exchange Board of India (SEBI)
p.42
SEBI is India's statutory capital market regulator, established in 1992, focused on investor prot...
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§
Skill Development for International Mobility
p.42
Government initiatives, primarily by MSDE, to equip Indian workers with skills, language proficie...
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§
Skill Gap and Employability Challenges in India
p.42
India's educated workforce struggles with employability due to a skill gap, rapid technological s...
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§
State Fiscal Health and Management
p.43
State fiscal health involves managing revenue (tax, non-tax, central transfers) and expenditure (...
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§
State Fiscal Management and Resource Mobilization
p.43
State fiscal management focuses on balancing revenue generation and expenditure to ensure financi...
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§
Strategic Petroleum Reserves
p.43
India's strategic petroleum and gas reserves are critical for mitigating the impact of global oil...
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§
Supply Chain Disruptions and their Economic Impact
p.44
Supply chain disruptions, such as reduced LPG bottling, diversion of cooking oils for biodiesel, ...
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§
Trade Policy: Protectionism vs. Liberalization
p.44
The article implicitly discusses the trade-offs between protectionist measures (like supporting d...
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§
Trade Protectionism & Tariffs
p.44
Trade protectionism uses tools like tariffs to shield domestic industries, but risks higher price...
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§
Trade Wars and Protectionism
p.45
Trade wars involve escalating tariffs and trade barriers between countries, driven by protectioni...
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§
U.S. Immigration Policy and its Impact on Indian Diaspora
p.45
The U.S. Citizenship and Immigration Services (USCIS) announced a new policy requiring immigrants...
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§
Value Addition and Quality Enhancement in Primary Industries
p.45
Value addition in primary industries, like branded iron ore, enhances product quality and market ...
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§
Veblen Effect
p.46
The Veblen Effect explains how demand for certain goods rises with price due to their status valu...
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§
Women's Labor Force Participation and Gender Disparities
p.46
Low Female Labor Force Participation Rate (FLFPR) is a persistent challenge in India, stemming fr...
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§
Youth Employment and Employability
p.46
Youth employment and employability are critical for India's development, focusing on ensuring you...
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Youth Unemployment and Skill Gap
p.47
Youth unemployment and the pervasive skill gap are critical issues hindering India's demographic ...