Semiconductors: what exactly is India going to manufacture? Subject: Economy Section: External Sector Context: In a major setback, Foxconn Technology Group recently withdrew its support from its joint venture with Vedanta, Ltd. to establish a semiconductor manufacturing plant in Gujarat. Details: Initially, the plan was to establish a manufacturing unit for a 40-nm […]
Most tax filers report zero income tax liability Subject: Economy Section: Fiscal Policy Context: 70% ITR fillers have zero tax liability as per data presented to the Parliament by finance minister. Key Points: Around 70% of people who filed income tax returns in FY23 reported no tax liability. In FY23, 7.4 crore persons […]
₹33000 cr backstop fund for bonds to be launched Subject: Economy Section: Capital Market Context: Finance Minister to launch ₹33,000 crore backstop fund for the corporate bond market and limited purpose clearing corporation for repo transactions in corporate bonds Key Points: Earlier this year the capital markets regulator had approved setting up a […]
SEBI to review delisting regulation among other measures Subject: Economy Section: Capital Market Context: SEBI to 1. Review regulations for delisting of shares by considering a fixed price option, and 2. Review trading plans for insiders 3. To bring in a mechanism of instantaneous settlement in exchanges. Key Points: At present, 90 per […]
Fishers groups ask govt not to ratify ‘unequal’ WTO pact Subject: Economy Section: External Sector Context: Fishermen trade bodies urge the government to not sign the fisheries subsidies agreement which is being ratified at the WTO saying it will not be favourable for Indian fishing communities. Key Points: A trade trade body representing […]
Clean Marine Hubs Subject :Economy Section: Infrastructure Context::Clean Energy Ministerial (CEM) adopts the Clean Energy Marine Hubs initiative (CEMHUBS) at a summit in goa. Key Points: Clean Energy Marine Hubs initiative is a new global platform to scale up low-carbon fuel production and achieve greener supply chains globally. To move to low carbon […]