Current Affairs by JobSafalCurrent Affairsby JobSafal
हिंदी

Current Affairs 27 July 2026

In short

  • Centre scraps import duties on select mobile phone and electronics parts
  • India’s June consumer inflation likely breaches RBI’s 4% target amid food and fuel price rise

…and 18 more stories on SOCIAL, SCIENCE_TECH, GOVERNANCE, ECONOMY.

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ECONOMY

Centre scraps import duties on select mobile phone and electronics parts

The Union Government has scrapped import duties on certain parts used to manufacture mobile phones and other electronic devices, removing existing levies of 7.5% and 5%.[1] The move is aimed at reducing input costs for electronics manufacturers operating in India, including major companies such as Apple and Xiaomi.[1] It is expected to boost domestic assembly and value addition under the Production Linked Incentive (PLI) scheme and broader “Make in India” objectives.[1] Lower customs duties on components can make India more competitive against manufacturing hubs like Vietnam and China.[1] The decision comes amid concerns about inflationary pressures from higher input costs and supply chain disruptions.[1] Industry bodies have generally welcomed the step, viewing it as supportive of long-term export-oriented growth.[1]

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The recent Indian government decision to remove 7.5% and 5% import duties applies to which category of goods?

ECONOMY

India’s June consumer inflation likely breaches RBI’s 4% target amid food and fuel price rise

A Reuters poll suggests that India’s consumer price inflation in June likely exceeded the Reserve Bank of India’s medium-term target of 4% for the first time in 16 months.[1] The anticipated rise is attributed to higher food and fuel prices, a weak monsoon, and global geopolitical factors, including the U.S.-Iran conflict.[1] India had previously maintained inflation around or below the target, providing room for monetary policy stability.[1] A breach of the 4% mark increases the likelihood of a more cautious stance by the RBI’s Monetary Policy Committee (MPC).[1] Elevated inflation could affect real incomes and the cost of borrowing, impacting growth prospects.[1] The data will be watched closely by markets, policymakers, and exam analysts alike.[1]

Try the question

Under India’s inflation-targeting framework, what is the RBI’s medium-term CPI inflation target?

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Current Affairs by JobSafal