Per capita income could go up to ₹14.9 lakh by 2047 Subject :Economy Section: National Income Context: India’s per capita income is set to increase 7.5 times to ₹14.9 lakh, or about $12,400, per annum by FY47 from ₹2 lakh ($2,500) in FY23 Key Points: Per capita income is expected to increase from […]
Is zero revenue deficit desirable? Subject : Economy Section: Fiscal Policy Key Points: Reducing revenue deficit to near zero to manage fiscal deficit especially in a crisis situation is accepted as fiscal wisdom. A single minded pursuit of this target, accompanied by a mindless transition to capital expenditure can hurt the poor and […]
SEBI paper suggests alternative mechanism to delist shares Subject : Economy Section: Capital market In News: SEBI paper moots a fixed pricing concept for delisting of shares, in addition to changes to reverse building process and provision of counter-offer mechanism. Key Points: A SEBI sub-group, headed by Kiki Mistry, came out with a […]
RBI’s Public Tech Platform for ‘Frictionless Credit’ Pilot Subject :Economy Section: Monetary Policy Context RBI’s announcement of Public Tech Platform for Frictionless Credit by RBI Innovation Hub (RBIH). Current credit appraisal data challenges due to fragmented data sources. RBI’s bold step towards a more efficient and integrated credit delivery system. Leveraging technology to […]
GST as share of GDP on a par with personal income tax Subject :Economy Section: Fiscal Policy In News: Goods & services tax (GST) as a share of gross domestic products (GDP) at the same level as personal income tax share, a report by Finance Ministry shows. Key Points: GST has become the […]