(November, 2025): IMF to Reclassify India’s Exchange Rate RegimeThe IMF announced plans to reclassify India’s exchange rate regime from "floating" to a "crawling peg" in its upcoming Article IV report. This change reflects the IMF's view that the RBI actively intervenes to smooth rupee volatility, although India officially maintains a…
(November, 2025): National Critical Mineral Mission (NCMM) LaunchedTo power India's Energy Sector transition, this mission focuses on end-to-end value creation—from exploration to recycling—of critical minerals like lithium and rare earth elements. It aims to reduce import dependence and support clean energy technologies through domestic mining and overseas asset acquisition.(October, 2025):…
(November, 2025): Draft National Labour & Employment Policy (Shram Shakti Niti 2025 The Ministry of Labour unveiled this draft policy to shift its role from a regulator to an "employment facilitator," aligning with Industrial Policy Evolution. It proposes a "Unified Labour Stack" to integrate databases like EPFO and e-Shram, ensuring…
[November, 2025] -> India's Fisheries Sector Achievements: On World Fisheries Day, it was highlighted that India has become the world's 2nd largest aquaculture producer with fish production doubling to 195 lakh tonnes since 2013-14. The sector now supports 30 million livelihoods.[November, 2025] -> World Bank Report on AI for Agricultural…
[November, 2025] -> NITI Aayog Unveils Reimagining Agriculture Report: NITI Aayog’s Frontier Tech Hub released a roadmap for technology-led agricultural transformation. It proposes a Digital Agriculture Mission 2.0 to integrate AI, IoT, and drones to enhance productivity and farmer incomes, aligning with the Viksit Bharat 2047 vision.[October, 2025] -> Launch…
[October, 2025] -> GST Council Approves Next-Gen GST 2.0 Reform: The 56th GST Council meeting approved a simplified two-tier tax structure (5% and 18%) and a 40% de-merit rate for sin goods. This reform eliminates the 12% and 28% slabs to reduce classification disputes and exempts individual health/life insurance premiums…
[November, 2025] -> State Finances 2022-23 Audit Report Released: The CAG released a comprehensive report revealing that states' total debt stood at 22.17% of GDP, breaching the FRBM target of 20%. All 28 states recorded fiscal deficits, highlighting significant gaps in revenue capacity and fiscal prudence.[November, 2025] -> GST Council…
(November, 2025) The Banking Laws (Amendment) Act, 2025 This comprehensive reform amends five key legislations to modernize governance, raising the 'substantial interest' threshold to ₹2 crore and reforming cooperative bank director tenures. It also empowers Public Sector Banks to transfer unclaimed assets to the Investor Education and Protection Fund (IEPF)…
(October, 2025): GST Rate Rationalisation to Curb InflationThe GST Council approved a simplified two-tier tax structure (5% and 18%) to reduce the tax burden on essentials. This rationalisation is expected to lower CPI inflation by 10-15 basis points for food items and 5-10 basis points for services(October, 2025): Challenges of…
(September, 2025): Annual Survey of Industries (ASI) Results 2023-24 ReleasedMoSPI released ASI results showing Gross Value Added (GVA) grew by 11.89% over the previous year. ASI data is a critical economic indicator used in National Income calculation to determine the contribution of the organised manufacturing sector to the economy.(August, 2025):…
October, 2025 - Structural Crisis: Unemployment of the EducatedRecent data reveals a deep structural crisis in the Indian labour market where highly educated youth (graduates and postgraduates) are applying for low-skill jobs like sanitation and peon roles. Despite a 4–6% official unemployment rate, 66% of India’s unemployed are educated, indicating…
Nomination of Sarnath for UNESCO World Heritage List: India has officially nominated Sarnath for inclusion in the UNESCO World Heritage List for the 2025–26 cycle. The site holds immense historical and spiritual significance as the place where Lord Buddha delivered his first sermon (Dhammachakra Pravartana). It is also closely associated with…
Review of Inflation Targeting Framework (Micro vs Macro) – With the flexible inflation targeting framework set to expire in March 2026, the RBI is reviewing whether to target headline or core inflation. While economists favor continuing the 4% target, the debate highlights the macroeconomic trade-off between price stability and growth.…
