Background: Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 4.9% of gross domestic product (GDP) in 2024-25. She further added that the fiscal deficit would be reduced to below …
About Coined way back in 2013, ‘China-plus-one’ is a global business strategy adopted by multinational companies to diversify their manufacturing and supply chain operations beyond China. The primary aim is to reduce dependency on China and mitigate risks associated with …
About Core inflation (inflation in the price index excluding food, fuel and other volatile components) has been viewed by many as the better measure of inflation for monetary policy purposes. This is because food and fuel price shocks are transitory …
Context The Chief Justice of India (CJI) has agreed to list before Constitution Benches, the petitions challenging the money Bill route taken by the Centre to pass contentious laws/amendments. What are money and financial Bills? The Constitution defines certain categories …