Category: Economy
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Customs Duty Exemption for Electronics Manufacturing
Recent updates regarding Customs Duty Exemption highlight India’s push to strengthen domestic electronics manufacturing. The government has exempted customs duty on selected inputs and capital goods used in manufacturing lithium-ion batteries and display assemblies to improve value addition and integrate India into global value chains.
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Global Capability Centres: India’s Innovation Edge
Global Capability Centres are transforming India into an innovation hub. Explore their UPSC significance, challenges and way forward.
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Jewellery-Backed Loans Drive NBFC Growth
Gold loans, backed by pledged jewellery, have become the fastest-growing NBFC retail credit segment amid rising gold prices, quick approvals and financial inclusion drive.
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US Lobbying Contract: India Extends Agreement
India renews its contract with a Washington-based lobbying firm to strengthen strategic engagement with the US, showcasing modern diplomacy tools in its foreign policy.
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India Indonesia Defence Ties Get Strategic Boost
India and Indonesia have elevated bilateral cooperation through major defence, maritime security and critical minerals agreements. The partnership strengthens India’s Act East Policy, Indo-Pacific strategy and defence exports while enhancing regional strategic stability.
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IMF Cuts Global Growth Forecast to 3% While India Remains the Fastest-Growing Major Economy
The IMF’s latest World Economic Outlook lowers global growth forecast to 3.0% for 2026, while India remains the fastest-growing major economy with a 6.4% projection for FY2027.
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Trump Declares Iran Ceasefire Accord Over After Fresh Strikes Escalate Gulf Tensions
US President Donald Trump announced that the interim understanding aimed at ending the conflict with Iran had effectively collapsed after renewed Iranian attacks on US military facilities. The development marks another phase of escalation in West Asia with implications for global oil markets, maritime security and India’s strategic interests.
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India–Indonesia Strategic Partnership Deepens: Defence, Critical Minerals and Indo-Pacific Cooperation
UPSC Mapping Component Details GS Paper GS-II Subject International Relations Prelims ASEAN, BrahMos, Indo-Pacific, Indonesia Mains India’s Act East Policy and strategic partnerships Static Linkage ASEAN, Indian Ocean Region, Maritime Security, SAGAR, Act East Policy Institutions ASEAN, Indian Navy, DRDO, BrahMos Aerospace International Concepts Indo-Pacific, Freedom of Navigation, Maritime Security Article Why in News? Prime…
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Fertiliser Subsidy Bill Set to Double Amid Global Supply Crunch: Impact on Indian Agriculture and Economy
Introduction India’s agricultural sector is facing fresh challenges as rising global fertiliser prices and supply chain disruptions threaten to significantly increase the country’s fertiliser subsidy burden. According to recent estimates, the fertiliser subsidy bill could touch nearly ₹3.4 lakh crore, almost double the budgeted allocation, due to escalating international prices and supply shortages. The situation…
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