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 The process for upgrading and downgrading the categorisation of Central Public Sector Enterprises (CPSEs) to higher or lower schedules has been streamlined. Now, the Finance Minister holds the ultimate authority for determining the grading of CPSEs. This change simplifies the procedure, ensuring quicker and more efficient decision-making regarding the status of these enterprises. Central Public Sector Enterprises (CPSEs) are classified into four distinct categories: A, B, C, and D. This classification significantly impacts the organizational structure and the salaries of board-level officials within these enterprises. As of June 26, 2023, data from the Department of Public Enterprises under the Finance Ministry reveals that 71 CPSEs, including prominent names like NTPC, Indian Oil, ONGC, SAIL, and BHEL, are categorized as A. Another 68 CPSEs, such as Air India Assets Holding, Cement Corporation, and Garden Reach, fall under category B. Categories C and D comprise 38 and 5 CPSEs, respe

  In 2023, India surpassed China to become the world's most populous country, marking a pivotal demographic shift. This change occurs amidst China's declining birth rate and negative population growth, in stark contrast to India's steady population increase. These diverging trends carry profound implications for domestic consumption patterns and economic landscapes in both nations, potentially reshaping global markets and influencing future economic strategies. India’s Private Final Consumption Expenditure (PFCE) contributes over 58% to the GDP, underscoring the significant role of consumption in driving the country's economic growth. In contrast, China’s PFCE accounts for only 38% of the GDP, indicating a lower reliance on consumer spending. Additionally, total final consumption, which includes both private and government expenditure, constitutes 68% of the GDP for India compared to 53% for China. This suggests that the government is a much larger consumer in China tha

 Since April-end 2014, the Indian rupee has experienced a depreciation of 27.6% against the US dollar, with its exchange rate dropping from Rs 60.34 to Rs 83.38. This depreciation rate is slightly higher than the 26.5% observed from April-end 2004 to April-end 2014, during which the rupee declined from Rs 44.37 to Rs 60.34 against the dollar. NEER stands for Nominal Effective Exchange Rate, which measures the value of a country's currency against a weighted average of other currencies. It reflects changes in exchange rates based on actual market exchange rates. REER, or Real Effective Exchange Rate, adjusts the NEER for inflation differences between countries. It provides a more accurate assessment of a country's currency value by considering changes in purchasing power. Continue Reading- REER & NEER

 The findings of the recent Household Consumption Expenditure Survey have unveiled a concerning trend for the Indian economy, shedding light on a notable decrease in both savings and investment activities. This decline in savings and investment poses significant implications for various sectors of the economy, raising important questions about future growth prospects and financial stability. Also Read-  Empowering India’s Insurance Landscape: The Role of IRDAI Gross Domestic Savings, a crucial component of the economy, comprises contributions from multiple sectors, including the Household sector, Private sector, Corporate sector, and Public sector.  Over the past decade, there has been a noticeable decline in Gross Domestic Savings, plummeting from 37% to 31.5%. This downward trend raises concerns about the overall economic health and stability. Notably, the Household sector emerges as the primary contributor to savings in India, underscoring its pivotal role in the nation's financ