DPN Topics
Row over Select Committee for Delhi Services Bill Subject :Polity Section: Parliament Context: Several MPs complained about their names being included in the proposed Select Committee for the Delhi Services Bill without their consent. Rajya Sabha Deputy Chairman Harivansh initiated a probe into the matter. The proposed committee was suggested by AAP MP […]
Corporation tax rate cut results in loss of revenue for FY21 Subject :Economy Section: Fiscal Policy In News: Govt lost Rs 1 lakh crore revenue in FY21 after corporation tax rate cut Key Points: A massive cut announced in 2019 effectively resulted in a 10-percentage-point drop in the tax rate. The corporation tax […]
Fiscal firepower necessary to handle exogenous shocks Subject :Economy Section: Monetary Policy In News: Finance ministry expressed inability to release the Medium-Term Expenditure Framework (MTEF) Concept Delayed Release of MTEF: Global uncertainties prompt Finance Ministry to hold back Medium-Term Expenditure Framework (MTEF) release. MTEF necessitates growth and revenue assumptions for meaningful expenditure projections. […]
CCD capital gain- Investors from Mauritius, Singapore, Cyprus face tax claim Subject :Economy Section: Capital Market In News: Foreign investors from Mauritius, Cyprus and Singapore have been on the receiving notices for gains from investment in fully or compulsorily convertible debentures (CCDs) issued by Indian companies. Key Points: CCDs, which are compulsorily converted […]
CBI Academy joining the INTERPOL Global Academy Network Subject: Polity Section: National Body The Central Bureau of Investigation (CBI) Academy of India took a significant step towards enhancing international cooperation and bolstering law enforcement efforts by officially joining the INTERPOL Global Academy Network on 8 August as its 10th member. The move will […]
Referendum not an option under Constitution: SC Subject: Polity Section: Constitution Context: Seeking public opinion in a constitutional democracy like India has to be through established institutions. SC said that there is no question of referendum under the country’s Constitution. Constitution: It is described as the fundamental law of the land which contains […]
SEBI asks FPIs to trade 10% of corporate bonds via RFQ Subject: Economy Section: Capital market Context: SEBI mandates foreign portfolio investors (FPIs) to place at least 10% of their trades in corporate bonds through the Request For Quote (RFQ) platform of stock exchanges. Key Points: The move is aimed at increasing the liquidity […]
Trade policy: Protectionism on the rise Subject: Economy Section: Capital market Context: Government mandates licensing for laptop, tablet imports. Key Points. Government is set to impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and […]
Poverty alleviation: Public goods vs private goods Subject: Economy Section: National Income Context: NITI Aayog put out a report two weeks ago on multidimensional poverty. The index measures deprivation across three equally weighted dimensions – Health, Education, and Standard of living. These three dimensions are represented by 12 indicators such as nutrition, child […]
IND-AS accounting framework partial rollout from April 2024 Subject: Economy Section: Capital market Context:: Top 15 insurance companies, across life and non-life, to adopt the new IND-AS accounting framework from April 1, 2024. Key Points: Insurance Regulatory and Development Authority of India (IRDAI) has announced partial roll-out of new accounting standards for the […]