Agni-5 Ballistic Missile Test 2025: Key Facts & UPSC Notes Why is it in News? India successfully test-fired the nuclear-capable Agni-5 ballistic missile on August 20, 2025, from the Integrated Test Range (ITR), Chandipur, Odisha. The test was conducted by the Strategic Forces Command (SFC) under ope...
FTA with EAEU Why in News? India and the Eurasian Economic Union (EAEU) have signed the Terms of Reference (ToR) to begin negotiations for a Free Trade Agreement (FTA). This step is significant as it comes at a time when the U.S. is pressuring India to reduce its economic ties with Russia. What is E...
S&P upgrades India’s Rating On 14th August 2025, S&P Global Ratings upgraded India’s long-term sovereign credit rating from BBB− (lowest investment grade) to BBB, with a stable outlook. This is India’s first upgrade by S&P in 18 years, reflecting improved macroeconomic stability, fiscal consolidatio...
GST REFORMS 2025 Why in News? On 15th August 2025, the Government of India announced a major restructuring of the Goods and Services Tax (GST), termed as “GST 2.0”. What is GST? Goods and Services Tax (GST) is a destination-based indirect tax, launched on 1 July 2017, subsuming central and state tax...
India’s proposed Export Promotion Mission (2025) Why in News? The Government of India is set to launch a ₹20,000 crore Export Promotion Mission aimed at cushioning Indian exporters from the adverse impact of recent U.S. tariff hikes and boosting competitivenes in global markets. Context In August 20...