Economy
Government Policy
Welcome to the dedicated study hub for Government Policy, a cornerstone of your UPSC Civil Services Examination preparation, particularly within the broader domain of Economy. Government Policy
196 articles in this topic
Articles on Government Policy
NITI Aayog Releases Report on Apprenticeship in India
Context NITI Aayog launched a policy report titled “Revitalizing Apprenticeship Ecosystem: Insights, Challenges, Recommendations and Best Practices.” About The report presents a comprehensive analysis of India’s apprenticeship landscape. It provides critical insights, identifies challenges, and outlines actionable recommendations to strengthen the apprenticeship system as a cornerstone of India’s skilling and employment strategy.
Gender Budget Allocation Rises in Union Budget 2026–27
Context An allocation of 5.01 lakh crore rupees has been earmarked for the welfare of women and girls in the Gender Budget Statement for the current financial year. What is Gender Budgeting (GB)? GB is an approach that integrates gender equality into government’s planning and budgeting processes and analyses how budgets can promote gender equality and the empowerment of women.
Strengthening Public Health Through Tobacco Tax Reforms
Context India, the world’s second-largest tobacco producer and consumer, continues to face a severe public health burden as cigarette taxes make up only about 53% of the retail price, well below WHO benchmark. About Tobacco Tobacco is a commercial crop obtained mainly from the plant Nicotiana tabacum, whose leaves contain nicotine, a highly addictive alkaloid that stimulates the central nervous system. It is used in smoking forms (cigarettes, cigars, beedis) and smokeless forms (gutka, khaini, c
India’s Aviation: Need of Data Driven Oversight
Published on: 18 February, 2026 India needs data-driven oversight in its aviation sector to monitor fares, prevent market abuse, ensure fair competition, and shift from reactive crisis management to proactive regulation.
India’s Aviation: Need of Data Driven Oversight
Published on: 18 February, 2026 India needs data-driven oversight in its aviation sector to monitor fares, prevent market abuse, ensure fair competition, and shift from reactive crisis management to proactive regulation.
India’s Aviation: Need of Data Driven Oversight
Published on: 18 February, 2026 India needs data-driven oversight in its aviation sector to monitor fares, prevent market abuse, ensure fair competition, and shift from reactive crisis management to proactive regulation.
The Labour Codes Redefine Wages, Empower The Worker
Published on: 14 February, 2026 The implementation of India’s labour codes marks a decisive shift towards greater financial inclusion of the workforce by embedding social security, income protection, and long-term financial safeguards into the employment relationship.
The Labour Codes Redefine Wages, Empower The Worker
Published on: 14 February, 2026 The implementation of India’s labour codes marks a decisive shift towards greater financial inclusion of the workforce by embedding social security, income protection, and long-term financial safeguards into the employment relationship.
A Reckoning For India’s Aviation Sector
Published on: 11 February, 2026 Recent disruptions in India’s aviation sector like the Ahmedabad plane crash in June 2025 and large-scale IndiGo flight cancellations and delays in December 2025, exposed deeper structural risks that the problem is no longer temporary or airline-specific.
Need for Structural Reforms in India’s Skilling Ecosystem
Context The Ministry of Skill Development and Entrepreneurship (MSDE) has blacklisted 178 Training Partners (TPs) and Training Centres (TCs) under Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 4.0, citing non-adherence to operational norms. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) PMKVY is the flagship skill certification scheme launched under the Skill India Mission to enhance employability among youth. The scheme is implemented by the National Skill Development Corporation (NSDC) under the Mi
The AYUSH Sector in India
In News Recently, Finance Minister Nirmala Sitharaman proposed a slew of resources for AYUSH in the 2026-27 Union Budget. AYUSH Sector in India AYUSH encompasses traditional systems of medicine such as Ayurveda, Yoga, Unani, Siddha, and Homeopathy. It includes clinics, wellness centers, research, herbal products, education, and holistic health practices.
Ease of Doing Business: India’s Ongoing Regulatory Transformation
In Context Union Budget 2026-27 reinforces Ease of Doing Business as pillar of growth and development, while focusing on digitisation, tax certainty, investor access and litigation reduction. Ease of Doing Business (EoDB) It has emerged as a cornerstone of India’s economic reform agenda and is reaffirmed as a key pillar of growth and development. The Union Budget 2026-27 focuses on reforms aimed at digital trade facilitation, tax certainty, reduction in compliance and litigation, trust-based cus
Fiscal Policy Planning: Why India Needs a Clearer Medium-term Plan
Published on: 06 February, 2026 In the Union Budget 2026-27, the government has placed greater emphasis on the debt-to-GDP ratio, instead of focusing narrowly on the annual fiscal deficit.
Fiscal Policy Planning: Why India Needs a Clearer Medium-term Plan
Published on: 06 February, 2026 In the Union Budget 2026-27, the government has placed greater emphasis on the debt-to-GDP ratio, instead of focusing narrowly on the annual fiscal deficit.
Strengthening Capital Goods Sector
Context The Union Budget 2026-27 has estimated ₹12.2 lakh crore for public capital expenditure, from ₹2.63 lakh crore in FY18. Key Announcements in Union Budget 2026-27For the Capital Goods Sector Increased Public Capital Expenditure: Public capital expenditure proposed at ₹12.2 lakh crore in FY 2026–27 reinforcing infrastructure-led growth and supporting demand for capital goods across sectors such as transport, energy, urban infrastructure, and industry.
Strengthening India’s Textile Value Chain
Context In the Union Budget 2026-27, a comprehensive and integrated policy framework has been declared to bolster the entire textile value chain- from fibre to fashion, from village industries to global markets. Integrated Programme for the Textile Sector Objective: Boosting competitiveness, fostering self-reliance and creating jobs. It is structured around five sub-components: Read More
Chemical Parks
In News The Union Budget 2026–27 has introduced a new scheme to assist States in setting up three dedicated Chemical Parks with a budgetary allocation of Rs 600 crore in BE FY 2026–27. What are Chemical Parks? Chemical parks are planned industrial clusters explicitly designed for chemical and petrochemical manufacturing, where multiple units operate together, sharing world-class infrastructure and common services.
PSU Disinvestment as a Pillar of Growth-Oriented Fiscal Consolidation
Context The Union Budget 2026–27 reiterates the government’s preference for growth-led fiscal consolidation, balancing deficit reduction with sustained capital expenditure, and disinvestment. About Economic growth has been prioritised over fiscal deficit reduction to sustain demand and investment. Capital expenditure and infrastructure spending have been protected due to their high growth multiplier effects.
16th Finance Commission: Key Recommendations and Implications
Published on: 03 February, 2026 Recently, the Report of the 16th Finance Commission, Chaired by Dr Arvind Panagariya, was tabled in Parliament for the five-year period between 2026-27 and 2030-31.
Marginal Hike For Agriculture
In News Farmer organisations across the political spectrum criticised the Union Budget 2026–27. Agricultural Sector Announcements in Union Budget 2026–27 The Union Budget 2026–27 has increased the allocation for the agriculture sector by 2.6%, adding about ₹3,000 crore compared to last year, even as the Economic Survey reported a slowdown in agricultural growth. The Finance Minister proposed ₹1.3 lakh crore for agriculture, slightly higher than the 2025–26 Budget Estimate and the Revised Estimat