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Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on February 2, 2024. Photo: Sansad TV via ANI The story so far: Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 5.1% of gross domestic product (GDP) in 2024-25. She further added that the fiscal…
Read More “Why is fiscal consolidation so important? | Explained” »
Economists feel a prolonged conflict in West Asia could push crude oil prices beyond India’s comfort zone. | Photo Credit: Getty Images/iStockphoto The story so far: The Indian economy, measured in terms of the Gross Domestic Product (GDP) as well as Gross Value-Added (GVA), grew 7.8% between April and June (first quarter or Q1) this…
Read More “What’s in store for the economy in second half? | Explained” »
An Israeli soldier at Kibbutz Beeri in southern Israel on October 14, 2023 walks next to bullet holes, in the aftermath of a mass infiltration by Hamas gunmen from the Gaza Strip. | Photo Credit: Reuters The story so far: On October 7, a Jewish Sabbath day, Hamas launched a surprise attack into southern Israel,…
Read More “Will Israel’s Gaza offensive stop Hamas? | Explained” »
The story so far: On October 3, the 2023 Nobel Prize for physics was awarded to Anne L’Huillier, Pierre Agostini, and Ferenc Krausz “for experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter”. What is an attosecond? An attosecond is one quintillionth of a second, or 10^-18 seconds….
Read More “Attophysics — new tools to fathom the world of electrons | Explained” »
Laboratory flasks are used for explanation during the announcement of the winners of the 2023 Nobel Prize in chemistry at Royal Swedish Academy of Sciences in Stockholm on October 4, 2023. | Photo Credit: AFP The story so far: Alexei I. Ekimov, Louis E. Brus, and Moungi G. Bawendi have been awarded the 2023 Nobel…
Read More “Significance of quantum dots in nanotechnology | Explained” »
Global debt refers to the borrowings of governments as well as private businesses and individuals. Photo: imf.org The story so far: Global debt rose to an all-time high of $307 trillion in the second quarter, by the end of June 2023, the Institute of International Finance (IIF) said in a report released last week. Quite…
Read More “What are the reasons for rise in global debt? | Explained” »
The key allegation against Google is that its “arrangements” with Apple and other companies to be the default search engine on their devices, is unlawful monopoly building. File | Photo Credit: AP The story so far: On September 12, Justice Amit Mehta of the U.S. District Court for the District of Columbia started hearing what…
Read More “Why is Google on trial in the United States? | Explained” »
The story so far: As part of the second phase of the design-linked incentive (DLI) scheme for the domestic semiconductor industry, the Indian government, according to media reports, is considering a proposal to pick an equity stake in domestic chip design-making companies. The modalities and the timing of the policy are yet to be worked…
Read More “Explained | Mapping India’s chip design ecosystem” »
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…
Read More “Explained | Why are India-Russia trade payments in crisis?” »
The Chinese Ministry of Commerce announced that it would implement export controls on items related to gallium and germanium. | Photo Credit: Reuters The story so far: On July 3, in what is being seen as the country’s retaliatory move in the ‘chip war’, the Chinese Ministry of Commerce announced that it would implement export…
Read More “Explained | Why is China limiting exports of raw materials? ” »
