Increase in Gender Budgeting 

Syllabus: GS1/Society, GS3/Economy



What is Gender Budgeting?

Need for Gender budgeting


Way Forward

Source: TH

Dealing With the High Government Debt

Syllabus: GS3/Indian Economy


About the Public Debt

Current Status (India)

Global Status of Debt

Reasons for High Public Debt


Fiscal Responsibility Budget Management (FRBM) Act, 2003:
– It sets targets for the government to achieve fiscal stability.
– It proposed that revenue deficit, fiscal deficit, tax revenue and the total outstanding liabilities be projected as a percentage of gross domestic product (GDP) in the medium-term fiscal policy statement.
– It provides the provisions for required flexibility for RBI to:
A. deal with inflation;
B. improve the management of public funds;
C. strengthen fiscal prudence and reduce fiscal deficits;
– It made mandatory to place annually:
A. Union Budget documents;
B. Medium Term Fiscal Policy Statement; 
C. Macroeconomic Framework Statement; and 
D. Fiscal Policy Strategy Statement in the Parliament. 
– It requires the Union government to contain its fiscal deficit to just 3% of the nominal GDP.
A. However, barring 2007-08, India has never met this target.

Efforts for Minimizing the High Public Debt

Way Forward

Source: IE

Global launch of UPI in France

Syllabus: GS2/International Relations, GS3/Economy



What is Unified Payments Interface (UPI)?

Internationalization of UPI


National Payments Corporation of India
– It is an umbrella organization for operating retail payments and settlement systems in India, established by Reserve Bank of India (RBI) and Indian Banks Association (IBA) in 2008 under the provisions of the Payment and Settlement Systems Act, 2007.
– It has been incorporated as a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013), with an intention to provide infrastructure to the entire Banking system in India for physical as well as electronic payment and settlement systems. 

Source: TH

India- U.S. Nuclear Cooperation 

Syllabus: GS2/India and Major Power Relations

In News

More about the News

India-U.S. Nuclear Cooperation 

History and Milestones:

The U.S.-India Civil Nuclear Agreement

Key Provisions:

Expected benefits for India:

Current Status:


Way Ahead:

Source: TH

The Water (Prevention and Control of Pollution) Amendment Bill, 2024

Syllabus: GS3/Natural Resources; Conservation


Key Features of the Bill

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