India abstained from voting as the IMF’s board met to approve a $1 billion release under Pakistan’s $7 billion Extended Fund Facility and consider a $1.3 billion Resilience and Sustainability Facility. India’s Ministry of Finance cited Pakistan’s poor track record with IMF programs and the risk of funds being misused for state-sponsored cross-border terrorism as … Read more
1. Monthly Per Capita Expenditure (MPCE) Trends 2. Urban-Rural Consumption Gap Narrows 3. Bottom 5-10% See Highest MPCE Growth 4. Shift in Spending Patterns 5. Reduced Inequality (Gini Coefficient Decline) Key Takeaways “Rural demand revival + inclusive growth mark India’s consumption story.” (Source: HCES 2023-24, MoSPI) Top 10 Important Economy Topics for UPSC Prelims 2025
Why White Smoke? The white smoke in Vatican City is a traditional signal used to announce the election of a new pope during a papal conclave. Here’s how it works: The Smoke-Making Process Historical and Cultural Significance: The Bell Confirmation Since 2013, white smoke is accompanied by ringing bells of St. Peter’s Basilica to avoid confusion (e.g., … Read more
Strategic Bitcoin Reserves refer to state-managed or institutionally held Bitcoin holdings that are deliberately accumulated and stored by governments, central banks, or sovereign wealth funds as a part of national or organizational financial strategy. Purpose of Strategic Bitcoin Reserves Examples of Strategic Bitcoin Reserves Is It Like a Central Bank Reserve? Yes, conceptually. Strategic Bitcoin … Read more
LATEST: Counter-Terror Strike – OPERATION SINDOOR In a bold and precise military response, the Indian Armed Forces launched Operation Sindoor to dismantle terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK), from where attacks on Indian soil have been planned and executed. Nine key terrorist sites were hit: Humanitarian & Disaster Relief Missions Evacuation … Read more
