Chinese economy falls into deflation Subject: Economy Section: Inflation Context: Chinese economy in deflation as consumer prices fell for the first time in more than two years in China, signalling further weakening demand. Key Points: China’s economy has been facing multiple headwinds such as sluggish consumer spending, the unravelling of the real estate […]

    Corporation tax rate cut results in loss of revenue for FY21 Subject :Economy Section: Fiscal Policy In News: Govt lost Rs 1 lakh crore revenue in FY21 after corporation tax rate cut Key Points: A massive cut announced in 2019 effectively resulted in a 10-percentage-point drop in the tax rate. The corporation tax […]

    Fiscal firepower necessary to handle exogenous shocks Subject :Economy Section: Monetary Policy In News: Finance ministry expressed inability to release the Medium-Term Expenditure Framework (MTEF) Concept Delayed Release of MTEF: Global uncertainties prompt Finance Ministry to hold back Medium-Term Expenditure Framework (MTEF) release. MTEF necessitates growth and revenue assumptions for meaningful expenditure projections. […]

    CCD capital gain- Investors from Mauritius, Singapore, Cyprus face tax claim Subject :Economy Section: Capital Market In News: Foreign investors from Mauritius, Cyprus and Singapore have been on the receiving notices for gains from investment in fully or compulsorily convertible debentures (CCDs) issued by Indian companies. Key Points:  CCDs, which are compulsorily converted […]

    SEBI asks FPIs to trade 10% of corporate bonds via RFQ Subject: Economy Section: Capital market Context: SEBI mandates foreign portfolio investors (FPIs) to place at least 10% of their trades in corporate bonds through the Request For Quote (RFQ) platform of stock exchanges. Key Points: The move is aimed at increasing the liquidity […]

    Trade policy: Protectionism on the rise Subject: Economy Section: Capital market Context: Government mandates licensing for laptop, tablet imports. Key Points. Government is set to impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and […]