Economy

NITI AAYOG RELEASED NITI TAX POLICY

NITI Aayog’s report urges India to decriminalize minor tax offences, remove mandatory jail terms, and restore judicial discretion. It calls for distinguishing genuine errors from fraud, adopting global best practices, and building a fair, trust-based tax system that promotes compliance, transparency, and equity.

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FINTECH REVOLUTION

India’s fintech sector has rapidly evolved through digital innovation, government support, and growing internet access—transforming payments, lending, and financial inclusion—while facing challenges like regulation, data privacy, and cybersecurity.

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DOMESTIC INVESTMENT & INCLUSIVE CAPITAL : MEANING, CHALLENGES & WAY FORWARD

India's economic growth is currently driven by strong public investment, while private domestic investment remains weak despite high corporate profits. Indian firms are increasingly investing abroad, but global uncertainties highlight the need to refocus capital within the country.

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NEW AGE FUEL : HYDROGEN

Hydrogen fuel is a clean energy carrier that can be used to generate electricity or mechanical power. It can combat climate change, better than batteries by weight, can store renewable energy and stabilize power grids, reduces dependence on fossil fuels and oil imports, supports India’s National Hydrogen Mission.

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STABLE COINS : MEANING, DIFFERENCE & WAY FORWARD

Stablecoins are cryptocurrencies pegged to assets like the dollar or gold to ensure price stability. They enable fast, low-cost global payments and support DeFi, but raise risks of financial instability and regulatory concerns.

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LADAKH DEMANDS FOR STATEHOOD AND SIXTH SCHEDULE

Ladakh’s statehood and Sixth Schedule demand arises from lost representation post-2019. The Leh Apex Body and Kargil Democratic Alliance seek safeguards for its tribal population, fragile ecology, and land rights, but the constitutional amendment poses a federal challenge balancing autonomy with security.

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WHAT IS GOODS & SERVICES TAX APPELLATE TRIBUNAL (GSTAT)? EXPLAINED

The launch of GSTAT, under the CGST Act 2017, marks a major reform as India’s unified appellate forum for GST disputes. With judicial-technical expertise and a digital-first approach, it ensures speedy, uniform justice, reduces litigation, boosts business confidence, and improves ease of doing business.

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CABINET APPROVED 4-PILLAR APPROACH TO STRENGTH SHIPBUILDING SECTOR

The Union Cabinet approved ₹69,725 crore package to empower maritime sector. Anchored on a four-pillar approach—financing, capacity, technology, and reforms—this initiative aims to make India a global shipbuilding hub. Key components include extending Shipbuilding Financial Assistance Scheme (SBFAS), establishing a ₹25,000 crore Maritime Development Fund (MDF), and creating a dedicated Shipbuilding Development Scheme (SbDS).

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ISOBUTANOL : INDIA'S BIOFUEL FUTURE

Isobutanol offers a breakthrough in biofuels, with potential to decarbonize India’s diesel-driven transport sector beyond ethanol blending. Despite cost and engine challenges, strong policy support and innovation can enable its adoption, advancing cleaner energy and India’s self-reliance goals.

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FISCAL HEALTH OF STATES: CAG REPORT

The CAG report warns against unsustainable state debt, stressing that unchecked borrowing risks economic stability. A balanced strategy of fiscal discipline, improved revenues, and strategic spending, with Centre-state cooperation, is essential to protect long-term growth, stability, and federal harmony.

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Public Distribution System: From Food Security to Nutrition Diversity

Despite progress in reducing extreme poverty, India faces a nutritional security challenge. The PDS must evolve from calorie provision to balanced diets, addressing hidden hunger, improving public health, and ensuring every citizen enjoys not just food, but the dignity of nutrition.

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INDIA–CHINA RELATIONS: CAN NORMALISATION HAPPEN WITHOUT RESOLVING BORDERS?

India-China relations depend on the unresolved border dispute, with India linking normalcy to LAC peace, while China separates the boundary from trade and diplomacy. Economic ties endure, but India prioritizes strategic prudence, dialogue, and multilateral engagement to prevent escalation.

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