India’s FDI Inflow Context: • India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22. In 2014-2015, FDI inflow in India stood at mere 45.15 USD billion as compared to the highest ever annual FDI inflow of USD […]
GST Council Context: The Supreme Court on Thursday, in a judgment championing the importance of “cooperative federalism” for the well-being of democracy, held that Union and State legislatures have “equal, simultaneous and unique powers” to make laws on Goods and Services Tax (GST) and the […]
Goods and Services Tax (GST) Compensation Context: • The Centre is yet to remit ₹78,704 crore in outstanding Goods and Services Tax (GST) compensation dues to States, equivalent to four months of compensation under the indirect tax regime introduced in July 2017. What is […]
LIC Initial Public Offering (IPO) Context: • The Centre stated recently that it had reduced the size of the Life Insurance Corporation of India (LIC) Initial Public Offering (IPO) in light of the current ‘volatile market’ environment. Background: • The Union Government has […]
Indian Ceramics and Glassware Products Context: • India’s exports of Ceramics & Glassware products for 2021-22 hit a record at US$ 3464 Million. • During FY 2013-14; India’s Ceramic & Glassware products exports were valued at US$ 1292 Million. About: • The export growth […]
All-India Household Consumer Expenditure Survey Context: • The All-India Household Consumer Expenditure Survey, usually conducted by the National Statistical Office (NSO) every five years, is set to resume this year after a prolonged break. About: • Since 2011-12, India has not had […]
WPI Based Rate of Inflation Context: • The annual rate of inflation is 14.55% (Provisional) for the month of March 2022 (over March, 2021) as compared to 7.89% in March, 2021. About: • The high rate of inflation in March, 2022 is primarily due […]
India’s Sugar Exports Context: • India’s Sugar Exports witnessed an astounding growth of 291% from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. • As per DGCI&S data, India exported sugar to 121 countries across the globe. About: […]
RINL Context: • Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), registered the best ever performance since its inception. • It recorded a sales turnover of ₹28,008 crore, which is almost 56 percent above the sales of its corresponding […]
Central Bank Digital Currency Context: • The Reserve Bank of India (RBI) will start issuing country’s much-awaited digital currency in financial year 2023. • Now there is discussion about the RBI’s place in the economy given the decentralized nature of the crypto currencies which […]