Restrictions imposed on imported Electronic Devices in India Subject: Economy Section: External Sector Why in News? India’s Directorate General of Foreign Trade (DGFT) has announced that starting from November 1, 2023, it will impose import restrictions on laptops, computers, and their components classified under Harmonised System of Nomenclature (HSN) Code 8471. However, these […]

    How new royalty rates for strategic minerals can help cut their imports Subject :Economy Section: External sector Context: Recently, the government sanctioned royalty rates for three pivotal and strategic minerals i.e lithium, niobium, and rare earth elements (REEs) More about the news: The Indian government has amended a key law to set competitive […]

    Composition of Bank Credit in India Subject: Economy Section: Monetary Policy The composition of bank credit in India has shifted significantly over the years, with an increasing proportion of credit going to services and retail loans rather than the industry. Here’s an overview of the changing composition of bank credit: As of March […]

    Personal Income Tax vs. Corporate Income Tax Collection Subject: Economy Section: Fiscal Policy Why in news? Discrepancy in Growth Rates: Recent data from the Central Board of Direct Taxes (CBDT) indicates that personal income tax (PIT) collections have been growing more than twice as fast as corporate income tax (CIT) collections. Impressive Growth […]

    RBI Extends PCA Framework to Government NBFCs Subject: Economy Section: Monetary Policy Context: The Reserve Bank of India (RBI) has extended the Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies (NBFCs) to government NBFCs starting from October 1, 2024. Background: The PCA Framework for NBFCs was introduced by the RBI on December […]