Supreme court judgement in the Nestle Income tax case sets bad precedent Subject: Economy Section: External Sector In News: Supreme Court’s (SC) recent ruling states that no automatic international treaty benefit, including a lower withholding tax, is available to foreign companies operating in India. Key Points: The issue involves Nestle and some other […]
INDIA’S AGRICULTURAL EXPORTS DECLINE Subject :Economy Section: External sector Impact of Global Prices: Farm exports decreased by 11.6% in April-September 2023. Farm trade surplus declined marginally from $7.4 billion to $7.2 billion in 2023. Impact of Export Curbs: Government restrictions, like bans and duties, contributed to falling farm exports. Wheat, rice, and sugar […]
Price Stabilization Fund (PSF) runs dry Subject :Economy Section: Monetary Policy Key Points: Department of consumer affairs (DoCA) under the Ministry of Consumer Affairs, Food & Public Distribution plans to approach the Union finance ministry for about ₹5,400 crore for its price stabilization fund (PSF) to procure onion and pulses in the rest […]
Embedded finance on the cusp of a breakout Subject :Economy Section: Monetary Policy Key Points: As financial institutions press the pedal on digital adoption to enhance customer experience and widen their reach, embedded finance has emerged as an innovative approach to connect with a vast pool of consumers who may have a digital […]
Impact of high US Treasury yields on India Subject :Economy Section: External sector Context: US treasury yields have touched 5%. Recent Trends in US Treasury Yields and Global Markets: US 10Yr Treasury yield was rangebound between 3.25% and 4.1% from January to April before gradually rising. A sharp increase in the yield to […]
‘Oligopolies’ control over rare earths is key green transition snag Subject: Economy Section: National Income Context: Countries energy transition efforts face significant uncertainty due to the oligopolistic control over mining and processing of rare earth elements that were critical to scale up green technologies, Chief Economic Advisor V. Anantha Nageswaran observed, adding that external funding to help developing countries move away from fossil fuels could also be potentially weaponised. What can be done: Investors in green transitions should avoid excessive greed and prioritize public goods creation. Public investment […]