UPSC Current Affairs: Import Duty, Withholding Tax, and Storms (2026)

In this article, I delve into the recent government decision to hike import duty on gold and its broader implications. I explore the economic rationale behind this move, the impact on India's external sector, and the broader geopolitical context. I also discuss the ongoing discussions around reducing withholding tax on government bonds and the potential benefits and risks of increased foreign portfolio investment in India. This analysis provides a comprehensive understanding of the complex interplay between economic policies, international relations, and domestic concerns in India's economic landscape.