- Home
- >
- Current Affairs
- >
- News Today
Daily Current Affairs – Economy
Posted on Economy Current Affairs
Context
Summary In March 2025, manufacturing activity, as measured by the seasonally adjusted Purchasing Managers Index (PMI), rose to an eight-month high of 58.1, up from 56.3 in February 2025. A PMI value above 50 indicates expansion, and the metric has shown continuous growth for 45 months. The increase in PMI in March was primarily driven by a rise in new orders, with the new orders index reaching an eight-month high of 61.5. Despite a slight slowdown in international orders, overall...Context
SOURCE : THE HINDU Summary The U.S. has imposed a 27% tariff on goods from India, including seafood, creating a sharp competitive disadvantage for Indian exporters. India, being the largest seafood supplier to the U.S. with a 35% market share, will be significantly affected, especially in comparison to Ecuador, which faces only a 10% tariff. Frozen shrimp, India's top seafood export, forms a major chunk of this trade and is likely to see reduced demand due to increased costs. सारांश...Context
SOURCE : THE HINDU Description: Prime Minister Narendra Modi inaugurated the new Pamban railway bridge in Rameswaram, Tamil Nadu. Built at a cost of ₹531 crore, the 2.07-km-long bridge is India’s first vertical lift sea bridge and replaces the old British-era structure. With a 72.5-metre lift span that rises to 17 metres, it facilitates ship movement and strengthens rail connectivity. The bridge is made with corrosion-resistant materials, enhancing its durability in the saline environment. Modi emphasized the bridge's role in...Context
SOURCE : THE HINDU Description The Indian government has raised the price of domestic LPG cylinders by ₹50 and increased excise duty on petrol and diesel by ₹2 per litre. However, retail fuel prices remain unchanged. The move aims to help oil marketing companies recover from losses due to international LPG price hikes. Union Minister Hardeep Singh Puri clarified this isn’t linked to recent global tensions, and added that fuel prices may still drop if crude prices continue falling. India...Context
SOURCE : THE HINDU Description (English): To address inflation, the Centre has increased the material cost under the PM-POSHAN school meal scheme by 9.5%, adding ₹954 crore in expenses for FY 2025–26. Effective May 1, daily meal costs will rise to ₹6.78 for primary students and ₹10.17 for upper primary. The scheme provides hot meals to over 11 crore students across 10.36 lakh schools, with full central funding for foodgrains and transport. States can voluntarily contribute more for enriched...Context
SOURCE : THE HINDU To achieve a net-zero economy, India must massively electrify energy usage and switch from fossil fuels to low-carbon sources like nuclear, solar, wind, and hydro. Hydrogen will play a key role—especially in steel and fertilizer industries—replacing carbon-based processes. To meet growing demand, India plans to install 100 GW of nuclear power by 2047, including 26 PHWRs of 700 MW capacity. Flexing nuclear power to match variable renewable output is costly and technically challenging. Instead, surplus...Context
Source: The Hindu Description India’s creative economy is growing, contributing significantly to exports and employment. However, despite rich traditions of creativity and innovation at grassroots levels, the gap between creativity and innovation remains wide. Global trends show a booming creative economy with over $2 trillion in annual revenue. India must invest in converting creative ideas into scalable innovations, ensure intellectual property (IP) protection, and promote models like “One District, One Innovation.” Empowering local communities through creative solutions and targeted investment...Context
Category: Governance / Social Welfare / Labour Reforms Summary Points: PM Accident Insurance Policy will now cover garage workers in Rajasthan. The decision was taken in the first board meeting of the Road Transport Corporation. Process to link workers with the policy will begin soon. Detailed Explanation (For RAS Mains): Context of the Policy: The initiative is part of a broader effort by the Rajasthan State Road Transport Corporation (RSRTC) to ensure social security and insurance coverage for...Context
Category: Government Schemes / Economy & Agriculture Shortest Summary Points: ₹88.43 crore assistance transferred via DBT to dairy farmers. ₹5 per litre incentive for milk supplied to cooperative dairies. Nearly 4.5 lakh dairy farmers benefited. ₹200 crore demand proposal sent for pending subsidy (Jan–Apr 2025). ₹500 crore already disbursed under Budget 2024–25. Detailed Explanation (For RAS Mains): Chief Minister Milk Producer Support Scheme: A Direct Benefit Transfer (DBT) based initiative by the Rajasthan Government. Dairy farmers supplying milk...Context
India May Emerge as Second-Largest Economy by 2038 in PPP Terms: EY Report According to an EY report, in terms of the Purchasing Power Parity (PPP), India is projected to emerge as the second-largest economy in the world with a GDP of USD 34.2 trillion by 2038. The young population, high savings rate, and a bettering government debt-to-GDP ratio contributes to the economic trend of the country. Further, the structural reforms, investments in AI, renewable energy and major sectors in...Context
Rajasthan govt. launched Circular Economy Incentive Scheme 2025 under the first Green Budget of the state (2025-26). Its focus is on Reuse, Recycling, Regeneration which are the alternatives to linear economy (‘take–make–dispose’). Under it, sectors covered nationally are lithium-ion batteries, e-waste, hazardous waste, scrap metals, tyres/rubber, end-of-life vehicles, gypsum, used oil, solar panels, municipal solid waste. Key provisions of the scheme: R&D Grant: Up to ₹2 crore for innovation and technology in reuse & recycling. MSMEs & Startups Incentives:...Context
Shirish Chandra Murmu is appointed as the new Deputy Governor of the Reserve Bank of India for a term of three years. He will officially assume office on this date, and by this time, M. Rajeshwar Rao will have retired, and his term will have expired. Murmu is the Executive Director, presently working in the RBI, and he has been involved in the supervision of banks and non-banking companies in financial matters. This appointment will also make the central...Context
A high-level committee chaired by Union Home & Cooperation Minister Amit Shah approved projects worth ₹4645.60 crore for 9 states including Rajasthan, Madhya Pradesh, and Chhattisgarh.The committee also included Union Finance Minister, Agriculture Minister, and Vice-Chairman of NITI Aayog. The assistance will be provided from the National Disaster Mitigation Fund (NDMF). The committee also cleared the second phase of the Urban Flood Risk Management Programme. Cities covered are Bhopal, Jaipur, Raipur, Indore, Bhubaneswar, Guwahati, Kanpur, Patna, Thiruvananthapuram, Visakhapatnam and...Context
The 44th edition of the India International Trade Fair (IITF) will be organised from November 14 to 27, 2025 at Pragati Maidan, New Delhi. The theme for this year is 'Ek Bharat, Shreshtha Bharat.' Rajasthan has been designated as the 'Partner State' for the event. This status will provide Rajasthan with a significant opportunity to showcase its art, culture, industrial and economic contributions nationally and internationally. Notably 'Rajasthan Day' or 'State Day' will be celebrated at the IITF on...Context
Rajasthan has stood at first place among large states in the September 2025 ranking for the effective implementation of the Pradhan Mantri Matru Vandana Yojana (PMMVY). As per the stats over 16 lakh women have benefited from the scheme in Rajasthan. Financial Assistance worth ₹552 crore has been transferred via Direct Benefit Transfer (DBT) to the beneficiaries. KEY POINTS: National Ranking: 1st – Rajasthan 2nd – Karnataka 3rd – Madhya Pradesh Medium States Category: Jammu & Kashmir ranked first. Small...Context
Govt has made provisions of boarding and lodging for ST girls who are preparing for IIT-JEE/NEET2026 and other competitive exams. Those ST girl students who have made the cut in Anuprati scheme and are preparing for IIT-JEE/NEET or other competitive exams will be lodged free of cost in Skill Education Training Centre of the Tribal Home located in Jaipur. KEY POINTS: Implementing Department: The scheme is being implemented by the Tribal Area Development Department (TAD). Facilities Provided: Free residential accommodation...Context
Sriyade Mati Kala Board was constituted by the government to conserve and modernise traditional clay art. To fulfil this objective the board is distributing electric pottery wheels and clay kneading machines to handicraftsmen. The board is also organising training of select handicraftsmen at Central Glass and Ceramic Research Institute, Khurja, Uttar Pradesh. In an another initiative by the board aimed at encouraging outstanding handicraftsmen from the state the board has announced ‘Maati ka Lal’ state level award. The board will...FAQs
Which coaching is best for UPSC?
+
Some of the best UPSC coaching institutes include RASOnly, Vision IAS, and Drishti IAS, depending on individual preferences and learning styles.
Which UPSC coaching is best in Delhi?
+
In Delhi, top UPSC coaching centers include Vajiram & Ravi, Drishti IAS, and Vision IAS, known for experienced faculty and quality study material.
Which coaching is best for IAS in Delhi?
+
RASOnly is considered the best for IAS coaching in Delhi.
Which coaching institute has the most UPSC toppers?
+
RASOnly has consistently produced a large number of UPSC toppers over the years.
Headlines of the Day
- Decline in Haryana Sex Ratio at Birth 2024 01-May-2025
- Haryana Unveils ‘Samman Sanjeevani’ App on National Girl Child Day for Women’s Empowerment 30-April-2025
- Assam to Host the World Largest Jhumur Festival 29-April-2025
- India Skills Report 2025: Unlocking Employability and Bridging the Skills Gap 28-April-2025
- Current Affairs Older PDFs
Daily Current Affairs
- Decline in Haryana Sex Ratio at Birth 2024 01-May-2025
- Haryana Unveils ‘Samman Sanjeevani’ App on National Girl Child Day for Women’s Empowerment 30-April-2025
- Assam to Host the World Largest Jhumur Festival 29-April-2025
- India Skills Report 2025: Unlocking Employability and Bridging the Skills Gap 28-April-2025
- Current Affairs Older PDFs
Editorial Analysis
- Decline in Haryana Sex Ratio at Birth 2024 01-May-2025
- Haryana Unveils ‘Samman Sanjeevani’ App on National Girl Child Day for Women’s Empowerment 30-April-2025
- Assam to Host the World Largest Jhumur Festival 29-April-2025
- India Skills Report 2025: Unlocking Employability and Bridging the Skills Gap 28-April-2025
- Current Affairs Older PDFs
Attempt Daily Current Affairs Quiz
Topic-Wise Current Affairs
