Ahead of Diwali warning issued on illegal import of firecrackers Subject :Economy Section: National Income Key Points: The Petroleum and Explosives Safety Organisation (PESO) has warned against the import of foreign-made fireworks illegally using false declarations. Fireworks have been declared as a restricted item under Indian Trade Classification (Harmonised System) — ITC (HS) […]

    Household investments on physical assets on the rise Subject :Economy Section: National income In News: Households optimistic about future earnings prospects according to the Ministry of Finance’s Monthly Economic Review (MER). Key Points: With Net household financial savings dropping to a multi-decade low of 5.1% of the gross domestic product (GDP) in 2022-23, […]

    National Single Window system to start companies, LLPs Subject : Economy Section: Capital market In News: Company incorporation now available under the centre’s single-window approval system. Key Points: Companies and limited liability partnerships (LLPs) can now be incorporated using the central government’s National Single Window System (NSWS) which offers various central and state […]

    RBI likely to have rolled over a part of $5-billion forex swap to boost liquidity Subject :Economy Section: External Sector Key Points: RBI may have rolled over a portion of its $5-billion foreign exchange swap that was due for maturity in Oct 2023. Tool likely used is an ultra-short term swap whose maturity […]

    RBI allows retail investors to subscribe to Floating Rate Savings Bonds via its portal Subject : Economy Section: Monetary Policy Key Points: RBI allows retail investors to subscribe to Floating Rate Savings Bonds via its portal. RBI has made the move to expand the basket of investments available to retail investors. Already retail […]

    New Report Calls for Global Minimum Tax on Billionaires Subject: Economy Section: Fiscal Policy Key Points: Report titled ‘Global Tax Evasion Report’ prepared by the EU Tax Observatory, a research laboratory established in 2021 with expertise in international tax issues has called for a global minimum tax on billionaires’ wealth. The report studies […]