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FTA with EAEU
access_time 2025-09-06T06:18:21.329Z face Prathyusha Paidisetti
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
access_time 2025-09-06T06:10:00.456Z face Prathyusha Paidisetti
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
access_time 2025-09-06T05:51:43.132Z face Prathyusha Paidisetti
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)
access_time 2025-09-06T04:57:10.403Z face Prathyusha Paidisetti
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...
Govt. Extends PM E-DRIVE Plan by 2 Years Till March 2028
access_time 2025-09-02T09:50:53.994Z face Prathyusha Paidisetti
Govt. Extends PM E-DRIVE Plan by 2 Years Till March 2028 Why in News? The Union Government has extended the ₹10,900 crore PM E-DRIVE Scheme by two years for certain electric vehicle (EV) categories such as electric buses, e-ambulances, and e-trucks. New validity: Till March 2028 (earlier March 2026)...