Descriptive Prep: Brajesh Mohan

ECONOMIC REFORMS 1. Labour Law Reforms: Notify the stalled Labour Codes to formalize employment for the 7-8 million people entering the workforce annually and provide them with social security. 2. Reform Land Acquisition: Streamline the arduous process of acquiring large land tracts for projects with a review of the stalled Land Acquisition Act. 3. GST for Viksit Bharat: Simplify and rationalize the GST by moving to three rates instead of fi ve and including excluded items like electricity, fuel, and real estate. 4. Expedite Disinvestment: Adopt a proactive and clear policy for the disinvestment and privatization of loss-making Public Sector Undertakings (PSUs). 5. Recast Inflation Targeting: Re-evaluate the current infl ation target of 4% (with a +/- 2% band) and improve the transmission of repo rates by banks. 6. Foster Research-Nirbhar India: Boost R&D spending from its FY21 level of 0.64% of GDP to a target of 2%, supported by a new Rs1 lakh crore RDI scheme and private sector participation. 7. Overhaul the IBC: Re-examine the Insolvency and Bankruptcy Code (IBC) to ensure time-bound resolutions, as most cases are exceeding the 180-day limit. 8. Decriminalize to Catalyse: Launch Jan Vishwas Bill 2.0 to decriminalize more minor and procedural economic offenses to improve the ease of doing business. 9. Build Bigger Banks: Push for consolidation and reforms to create Indian banks of a global scale, as only two currently feature in the top 100. 10. Protect Consumers & Investors: Strengthen regulatory action and use technology to prevent the mis-selling of fi nancial products and protect consumers from fraud.

✅ RBI Grade B 2025 - Day 13 Practice Questions. Q. How does Union Budget 2025-26 address the twin challenges of poverty alleviation and social protection? (600 Words) Q. Explain the importance of grapevine communication in organizations. How can managers use it positively without letting it become a source of misinformation? (400 Words) Q. What are Trade Agreements, discuss its types, Need and also Analyze India's Past Trade Agreements (600 Words) 👩👨‍💼Follow 👉 @descriptive_bankexam

India will fully adopt IFRS 17 (International Financial Reporting Standards 17) in 2026. IFRS 17 is a new global accounting standard for insurance contracts — it changes how insurers report profits, liabilities, assets, and equity. The Indian equivalent of IFRS 17 is Ind AS 117. Insurers say they need time to adjust their systems, reporting processes, and balance sheets before they can present themselves for listing.

Newspaper Clips: 09/08/25 (BS & Mint)

After 3 decades, govt revises base year for CPI rural-farm labour In a bid to better reflect the state of inflation experienced by rural population, the labour bureau has revised the base year for Consumer Price Index for Agricultural and Rural Labourers (CPI-AL/RL) to 2019 from 1986-87 at present. The use of 1986-87 as base year for the two indices was made effective nearly three decades ago in November 1995. The two indices are used for determining minimum wages for agricultural and rural labourers (engaged in either agri or non-agri work) by both central and state governments. Also, the CPI-AL is used to determine wages under the central government’s flagship rural jobs programme — Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Inflation rate for the month of June — first such data in the new series —stood at 1.42 per cent for agricultural labourers and 1.73 per cent for rural labourers. The new series covers 34 states/union territories (UTs) as against 20 states in the old series, with prices collected from 787 sample villages as against 600 villages in the old series. Also 150-200 items are now covered as against 65-106 items in the old series. The new series uses consumption pattern data from the 68th round of Household Consumption Expenditure Survey (HCES), which was released in 2011-12. In the new series, the share of food items for agricultural labourers stands at 57.8 per cent, which was 69.2 per cent earlier. Similarly, for rural labourers, the share of food items has gone down to 56.6 per cent from 66.7 per cent in the existing series. Among major changes in the food items, the weighting of cereals and its products has fallen to 12.9 per cent for agricultural labourers and 12.07 per cent for rural labourers from 40.9 per cent and 38.15 per cent, respectively.

A few weeks prior, India's Finance Ministry described the economy as being in a "Goldilocks situation," characterized by strong GDP growth, stable corporate earnings, and moderating inflation. Key Economic Concerns: 1.Inflation and Stagnant Growth: Despite headline inflation falling, the Consumer Food Price Index (CFPI) has remained persistently high, eroding the purchasing power of citizens. 2.Wage Growth vs. Inflation: While the average salary increase in 2023 was 9.2%, real wage growth was only a meager 2.5% due to inflation. 3.Income Inequality: The number of billionaires in India has surged, while real wages for many at the lower end have stagnated. 4.Fiscal Constraints: India's public debt-to-GDP ratio is high (around 81% in 2022-23), which is well above the 60% target. A significant portion of future revenues will be needed to service this debt, limiting government spending on essential social sectors. Some economists suggest RBI should focus on Core Inflation instead of Headline Inflation.

Some of you have been asking — “Why did I stop posting Daily Answer Writing Questions?” The answer is simple: Due to the delay in notifications, participation dropped significantly, only 4-5 students were actively engaging that's I stopped. Making Questions also take time and if no one takes interest there is no point in wasting time. 👉 If you feel we should start again, just drop a Like on this post. And if you have a better idea or suggestion, feel free to message me — I’m always open to making this more useful for you. DM @askbrajesh Let’s keep the momentum going. Your participation matters.

Some of your asked why did I stopped putting Daily Questions?? Answer is simple, due to lack of Participation, due to delay in notification, not many students were participating. If you think we should start again then do Like Or if you have better idea/suggestion then do message @askbrajesh.