GST Council Context: The Goods and Services Tax (GST) Council on Saturday clarified tax provisions on items ranging from fryums to sport utility vehicles (SUVs) to reduce disputes. It also approved decriminalisation of some offences but could not find the time to discuss half its […]
Remittances to India – 2022 Context: According to the World Bank’s most recent Migration and Development Brief, “Remittances Brave Global Headwinds,” remittances to India are expected to reach a record $100 billion in 2022. India received $89.4 billion in 2021, becoming the first nation to […]
Macrovariable projections in uncertain times The concerns for Indian economy The increasing interest rate given by US Federal Reserve, which is causing outflow of Capital in the form of Foreign Portfolio Investment (FPI). This has caused the Reserve Bank of India to raise interest […]
Addressing the Challenges in New-age Digital Commerce For Mains How has the economy changed? The increase in smartphone use along with affordable data plans has created an online revolution in the country. The pandemic has further accelerated the process of digital inclusion due to the […]
Modi unveils India’s first global bullion exchange For Prelims India International Bullion Exchange (IIBX) It is the first of its kind in the country. This has been set up in GIFT city at Gandhinagar, Gujrat. NSE IFSC-SGX Connect This will allow Investors in India […]
Population Prospects Context: The World Population Prospects 2022, a projection of anticipated trends in world population, was released by the UN Department of Economic and Social Affairs, Population Division, on July 11, World Population Day. According to the estimate, the world’s population, which was about […]
The scam faultline is damaging Indian banking #GS-03 Economy For Prelims What are NPAs? NPAs can be classified into 3 Substandard Assets These are the assets which have remained NPA for a period of less than or equal to 12 months Doubtful Assets If the […]
Dogged by inflation: On Price rise and policy measures #GS-03 Economy Context The recent release of Government’s Index of Eight Core Industries for May, and S&P Global’s survey-based Purchasing Managers’ Index (PMI) have shown some concerns regarding the growth of India’s manufacturing industries. For Prelims […]
GST revenues in June surpass Rs 1.4 lakh crore #GS-03 : Economy For Mains Increase of 56% in GST collection compared to last year showcasing steady economic recovery. Most states show increasing revenues with Kerala showing an increase of 116% while many show an increase […]