Important Economy Based Current Affairs of Last One Year for UPSC Civil Services Exam

Economics is a significant part of the UPSC Civil Services Exam. Important topics related to the Indian and world economy are given in below. These topics are related to government schemes, banking, finance, international organisations, agriculture, budget, Economic survey etc.
List of Current Affairs Articles for UPSC

Economics Current Affairs of the Last One Year for the UPSC CSE

UPSC aspirants can go through the important economics-related current affairs topics given below. Certain old topics have been in the news, hence these topics have also been included as they are important for both the upcoming UPSC Preliminary and Main exams. Aspirants should also study the Union Budget and the recent Economic Survey. Both are very crucial for the UPSC Civil Services exam.

Important Economy Based Topics for the UPSC Civil Services Examination

Economy Topics for UPSC 2022
Doubling Farmers’ Income Bad Bank
National Asset Reconstruction Company Ltd. (NARCL) Government Security

Acquisition Programme (G-SAP) 1.0

Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest

(SARFAESI) Act, 2002

Ways and Means

Advances (WMA) scheme

Small and Medium sized Companies (SMC) ‘On tap’ Licences
Inflation targeting Banks Board Bureau (BBB)
National Bank for Financing Infrastructure and Development Act, 2021 Prompt Corrective Action Framework
Central Banks and Supervisors Network for Greening the Financial System

(NGFS)

National Automated Clearing House (NACH)
Digital tax in India IPO Grey Market
India’s public debt Tax on EPF interest
Inverted duty structure National Company Law Tribunal (NCLT)
Harmonised System of Nomenclature Code Insolvency and Bankruptcy Code
Merchandise Exports from India Scheme (MEIS) Index of Industrial Production (IIP)
Fiscal deficit Fiscal Responsibility Budget Management
Fiscal Policy Gross value added (GVA)
Gross Domestic Capital Formation (GDCF) Goods & Services Tax (GST)
Development Finance Institution (DFI) Zero coupon bonds
NBFC – Investment and Credit Companies (NBFC-ICCs) Targeted Long term repo operation (TLTRO)
Open market operations (OMO) Government security (G-Sec)
Credit default swap Participatory Notes
Contingency Fund (CF) of the central bank Priority Sector Lending (PSL)
Payments Infrastructure Development Fund (PIDF) Cooperative banks under RBI
Special Economic Zone (SEZ)in India Current account surplus
Currency Swap Arrangement Forex reserves
Special Drawing Right (SDR) Capital Adequacy Ratio (CAR)
Basel guidelines Anti-Dumping Duty
National Infrastructure Pipeline (NIP) National Investment and Infrastructure Fund (NIIF)
Fifteenth Finance Commission Consumer Price Index (CPI)
Indian Banks’ Association (IBA) Infrastructure Investment

Trusts (InvITs)

Nobel Prize in Economics 2021 K-shaped recovery
Centre for

Monitoring Indian Economy (CMIE) report

Social stock exchange (SSE)
Gig Economy Financial Inclusion
Missing Middle Microfinance
Cryptocurrencies e-RUPI
RBI Retail Direct (RBI-RD) scheme Reserve Bank – Integrated Ombudsman Scheme (RB-IOS)
South Korea’s ‘anti-Google’ law Export Promotion of Capital Goods (EPCG) scheme
RBI’s Monetary Policy . Global minimum tax
PM-KUSUM scheme National Electric Mobility Mission Plan

(NEMMP)

PM GatiShakti National Monetisation Pipeline (NMP)
Industrial Revolution 4.0 Minimum support prices (MSP)
Sustainable Agriculture Masala Bonds
Farmer producer organisations (FPOs) Reserve Bank of India (RBI)
Wholesale Price Index (WPI) Competition Commission of India (CCI)
Electoral Bonds UNDP’s Multidimensional Poverty Index
Interest Equalisation Scheme (IES) National Land Monetisation Corporation (NLMC)
SWIFT – Society for Worldwide Interbank Financial Telecommunications NSE IFSC (NSE International Exchange)
Neo bank – Niyo CRR, Repo Rate & Reverse Repo Rate
NABARD Green hydrogen policy
Ethanol blending programme Exchange-traded funds (ETFs)
Centre’s vision document on electronics Rooftop solar programme
National Institution for Transforming India (NITI Aayog) NPCI Bharat BillPay (NBBL)
Food Corporation of India (FCI) National Payments Corporation of India (NPCI)
Securities and Exchange Board of India (SEBI) New Labour Law In India 2021
Micro, Small and Medium Enterprises (MSME) Retail inflation
New rules for direct selling industry Informal sector
Prompt Corrective Action (PCA) Framework Logistics Ease Across Different States (LEADS) 2021
National Bank for Financing Infrastructure and Development (NaBFID) New wage rate index
FDI in the food processing sector National Mission for Edible Oil – Oil Palm (NMEO-OP)
WTO and India’s sugar subsidies Global Anti-Base Erosion (GloBE) Rules under Pillar II
Stagflation Payment banks
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
Long Term Variable Rate Reverse Repo (LTRR) auctions Small Finance Banks
IFSC (International Financial Service Centre) Pradhan Mantri Ujjwala Yojana
Financial Inclusion Index National Hydrogen Energy Mission
Ubharte Sitare Fund Account Aggregator (AA) network
Financial Stability and Development Council (FSDC) International Monetary Fund (IMF) 
World Bank Group Micro ATMs

Related Links

UPSC Preparation: Syllabus and Strategy for Economics – Prelims, Mains & Optional Economics Notes For UPSC
Economy This Week Top 12 Common Mistakes to Avoid during UPSC IAS Preparation
UPSC Books NCERT Notes For UPSC
Indian Economy notes for UPSC IAS Coaching

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