Page-3 of Economy & Banking Current Affairs

India’s External Debt Surge

April 1, 2025

In December 2024, India’s external debt reached approximately $718 billion. This marked an increase of 10.7 per cent from the previous year. The surge in debt is attributed mainly to non-financial corporations seeking funds for infrastructure projects. The data shows ..

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Government’s ₹8 Trillion Borrowing Plan for FY26

March 29, 2025

The Government of India has announced borrowing plan for the first half of the financial year 2025-26. The plan involves raising ₹8 trillion from the market, constituting 54% of the total borrowing target of ₹14.82 trillion. This initiative includes the ..

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Taxation Framework Changes for AIFs

March 28, 2025

Recently, amendments to the taxation framework for Alternative Investment Funds (AIFs) were proposed in the Finance Bill. These changes aim to clarify the tax treatment of securities held by AIFs and enhance transparency in investment structures. The amendments are part ..

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India BioEconomy Report

March 28, 2025

The India BioEconomy Report was released recently by the Department of Biotechnology. It revealed that, in 2024, bioeconomy was valued at over $165 billion, contributing more than 4.2% to the national GDP. The Department of Biotechnology anticipates growth to $300 ..

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Discontinuation of Gold Monetisation Scheme

March 27, 2025

The Government of India has recently decided to discontinue the medium- and long-term components of the Gold Monetisation Scheme (GMS). This decision, effective from March 26, 2025, comes amid rising gold prices and a comprehensive review of the scheme’s performance. ..

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India Imposes Anti-Dumping Duties to Curb Cheap Chinese Imports

March 25, 2025

India has recently introduced anti-dumping duties on five products imported from China. This decision aims to protect local industries from unfair competition posed by low-priced imports. What are anti-Dumping Duties? Anti-dumping duties are tariffs imposed on foreign imports believed to ..

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Abolition of Equalisation Levy on Online Advertisements

March 25, 2025

The Government of India proposed the abolition of the Equalisation Levy on online advertisements on March 24, 2025. This move is part of 59 amendments to the Finance Bill 2025, currently debated in the Lok Sabha. The proposal is seen ..

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US Access to Indian Market for Key Crops

March 25, 2025

The United States is keen to enhance its access to the Indian market for three crops – soybean, corn, and cotton. This interest intensified following statements from former US President Donald Trump, who threatened to impose equal tariffs on Indian ..

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Challenges in Implementing PLI Scheme

March 24, 2025

India’s government has recently decided to discontinue $23 billion initiative aimed at boosting domestic manufacturing. Launched four years ago, the Production-Linked Initiative (PLI) sought to attract firms away from China. However, the scheme struggled to meet its ambitious targets. This ..

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US Trade Deficit

March 22, 2025

Recently, the United States continues to grapple with trade deficit. In 2024, the trade deficit exceeded $1 trillion for the fourth consecutive year. The persistent imbalance indicates a reliance on imported goods over domestic manufacturing. This situation has sparked debates ..

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