GST evasion and measures taken Subject: Economy Section :Fiscal Policy In News: GST evasion of a total Rs 2.68 lakh crore has been detected in 43,516 cases between 2020-23. Key Points: GST evasion worth Rs 1.32 lakh crore was detected in 15,562 cases in the 2022-23 financial year, an increase of 44 per […]
At 8.2%, June core output hits 5month high as coal, cement, steel shine Subject :Economy Section: National Income Context: India’s core industries output hits 5-month high at 8.2% in June 2023 Core Sector Core industry can be defined as the main industry which has a multiplier effect on the economy. In most countries, there is particular […]
Fiscal deficit Subject: Economy Section: Fiscal Policy High capital expenditure coupled with lower growth in tax collection widened fiscal deficit during the first three months (April-June) of fiscal year 2023-24 to a little over 25 per cent of the annual target of ₹17.87-lakh crore, data made public by the Controller General of Accounts […]
France opposes ‘decoupling’ after economic talks with China Subject: Economy Section: External Sector Context: French Finance Minister Bruno Le Maire said on Sunday that he opposes the “illusion” of countries “decoupling” from China and he does not believe the world’s second-largest economy constitutes a risk. What is coupling and decoupling? In a globalised […]