Decriminalisation of offences under GST Context: Recently, the48th GST Council meeting was held which recommended decriminalising certain offences under Section 132 of the Central Goods and Services Tax (CGST) Act Background: Tax evasion has significantly increased since the introduction of the GST, with many instances of […]
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 […]
Female Labour Force Participation Rate Context: • The Ministry of Statistics and Programme Implementation has been regularly releasing the FLFPR data. Year wise Data: 1. 2017-18 – 23.3% 2. 2018-19 – 24.5% 3. 2019-20 – 30.0% Background: • Codification of the Labour Laws provides a […]
Dependence On Coal Context: • Recently, Union Minister of Coal, Mines explained in the parliament that India is still dependent on coal for the energy needs. About: • In India, energy transition away from coal is not happening during the foreseeable future. • Although there […]
National Smart Grid Mission (NSGM) Background: • The Government of India formed the National Smart Grid Mission (NSGM) in 2015 to develop and supervise the execution of policies and programmes relating to Smart Grid activities in India. • The fundamental goal of Smart Grids is […]
India’s Achievements in Exports Context: • India has achieved the target of $400 billion in exports in FY2022 which is a great news especially in the post covid world. About: • The achievement of $400 billion in merchandise exports represents a growth of over 21 […]
National Stock Exchange Context: • In recent past the former executives of NSE are in news due to allegations of various malpractices. About: • National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. • […]
National Stock Exchange Context: • In recent past the former executives of NSE are in news due to allegations of various malpractices. About: • National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. • It is […]
GST compensation cess Context: Union Finance Minister Nirmala Sitharaman on Wednesday stated that the GST Council had already extended the “compensation cess” till March 2026 for helping States repay loans borrowed to make up for shortfall in GST compensation for 2020 and 2021. She made […]
National Land Monetization Corporation (NLMC) Context: • The Union Cabinet on Wednesday approved the setting up of a new government-owned firm for pooling and monetizing sovereign and public sector land assets. The National Land Monetization Corporation (NLMC) is being formed with an initial authorized share capital […]