Selling organic produce in India Subject: Economy Section: Agriculture Key Points: Organic farming is being practiced by about 3.7 million growers worldwide, with India accounting for 1.6 million. The Agriculture Corridor under the Namami Gange project has covered 1.23 lakh hectares for organic farming. Producers in India can register for organic certification in […]
US withdraws proposal on digital trade at the WTO Joint Statement Initiative (JSI) on e-commerce Subject: Economy Section: External Sector In News: US withdraws its proposal on digital trade at the WTO giving boost to India’s position on regulating Big Tech. Key Points: The US has decided to withdraw its proposal on digital […]
‘Super rich’ incomes’ share ebbing amid middle-class mobility: CBDT Subject: Economy Section: National Income Context: The Central Board of Direct Taxes (CBDT) released statements on income tax statistics and income inequality in India. Details: India’s tax base has widened sharply since 2013-14, with individuals moving up the income ladder and the proportion of […]
Despite higher taxation, India now second largest crypto market Subject: Economy Section: Monetary Policy In News: India remains among the top in crypto market adoption as per global report. Key Points: Even with 30 per cent tax on gains and TDS (Tax Deducted at Source) at the rate of 1 per cent, India […]
Nearly half a million Indians migrated to OECD countries in 2021: Report Subject :Economy Section: External Sector Context: The ‘International Migration Outlook 2023’ is released. Colombia introduced a bill to recognise climate-induced displacement, the first of its kind in Latin America. Details of the report: Report released by: Organisation for Economic Co-operation and […]
India to outpace Japan to become second largest economy in Asia by 2030 Subject: Economy Section: National Income Context: India to outpace Japan as second-largest economy in Asia by 2030 More about the news: India is on a remarkable economic journey, with its Gross Domestic Product projected to reach USD 7.3 trillion by […]