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October 12
August 15 CONTEXT India gained independence from British rule on August 15, 1947, marking the beginning of a transformative journey from a colonized nation grappling with poverty, partition trauma, and economic fragility to a global powerhouse. Over the past 79 years (up to August 2025), India has made remarkable strides across multiple sectors, overcoming challenges like famines, wars, and internal conflicts while building a vibrant democracy. Key milestones include economic growth, scientific advancements, social...
July 21 WHAT? The European Union’s 18th sanctions package against Russia, adopted on July 18, 2025, targets Russia’s oil and energy sector to reduce revenues funding its war in Ukraine, with specific measures impacting India’s oil trade. These sanctions, part of a broader effort to curb Russian oil exports, affect Indian refineries and shipping, particularly due to India’s significant imports of discounted Russian crude. Main Points of the EU’s Russia Oil Sanctions Sanctions on...
July 02 WHAT? India has shut down land routes for importing jute from Bangladesh, restricting entry to only the Nhava Sheva port in Maharashtra. This decision, effective immediately, aims to counter what India perceives as "unfair trade practices" by Bangladesh, particularly the dumping of subsidized jute products like yarn, fiber, and bags. Key Details Trade Context: Under the South Asian Free Trade Area (SAFTA), Bangladesh has enjoyed duty-free access to Indian markets for jute. However, Indian...
June 14 What is NAIRU? NAIRU, or the Non-Accelerating Inflation Rate of Unemployment, is an economic concept that represents the specific unemployment rate at which inflation remains stable, neither accelerating nor decelerating. It is a theoretical benchmark where the labor market is in equilibrium, meaning there is neither upward pressure on wages (which fuels inflation) nor downward pressure (which could lead to deflation). NAIRU is closely tied to the idea of the "natural rate of unemployment," but it...
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