Context: Midway through FY2026–27, the Union Government faces the possibility of fiscal slippage due to subdued tax revenue growth, slowing capital expenditure and rising subsidy requirements.The Union Budget had targeted a fiscal deficit of 4.3% of...

Context: On 8 November 2016, the government demonetised ₹500 and ₹1,000 currency notes, withdrawing approximately 86% of currency in circulation by value, with only four hours' notice.The stated objectives were to curb black money, counterfeit curren...

Context: India’s retail inflation rose to 5.54% in September, from 4.83% in August, indicating generalisation or spread of inflation across a wider range of goods and services. The RBI has acknowledged emerging signs of elevated inflation expectation...

Context: Retail inflation rose to 5.54% in September, an almost two-year high, keeping headline Consumer Price Index (CPI) inflation above the RBI’s 4% target for the fourth consecutive month; rural inflation reached 6.08%, while rural food inflation...

Context: The 57th meeting of the GST Council introduced major procedural and administrative reforms aimed at simplifying compliance, reducing taxpayer harassment, limiting official discretion and improving the ease of doing business, as GST enters it...