New Panel to review ‘NSO data’ Subject : Economy Section: National Income Concept : The Ministry of Statistics is going to replace the existing Standing Committee on Economic Statistics (SCES) by a ‘Standing Committee on Statistics (SCoS)’ which has a broader mandate to review the framework and results of all surveys conducted under […]
EU may be offered tariff sops on some ICT products Subject: Economy Section: External Sector Context: The World Trade Organization’s Dispute Settlement Body (DSB), in a special session on Wednesday, will consider a joint request made by India and the EU for more time to sort out their dispute related to import tariffs […]
India to push G20 to raise taxes on MNCs making ‘excess profit’ Subject :Economy Section: Context: India will push its Group of 20 partners at a meeting it is hosting to support its proposal to raise the share of taxes multinational companies pay to countries where they earn “excess profits” Key Points: OECD […]
US sees India as an indispensable ally in friendshoring: Yellen Subject: Economy Section: External Sector Concept: Terming India the biggest trading partner, U.S. Treasury Secretary pitched for advancing an approach called “friendshoring” to bolster the resilience of supply chains. Friendshoring Friendshoring is a strategy where a country sources the raw materials, components and even manufactured […]
India and UAE set to use rupee, dirham for trade Subject : Economy Section: External Sector Concept : India and the United Arab Emirates (UAE) have agreed to build a framework to promote the use of the rupee and the UAE Dirham (AED) in cross-border transactions. India and MoU Agreement The Reserve Bank […]
PSU banks wary after SBI’s dismal AT-1 bond issue Subject : Economy Section: Monetary Policy Concept : The underwhelming subscription to State Bank of India (SBI)’s additional tier-1 (AT-1) bond issue on Thursday has dampened market sentiment and is expected to make fund-raising harder for other PSU banks, even leading to delays in […]
FinMin asked to consider imposing customs duty on Chinese stainless steel Subject : Economy Section: External sector Concept : The Ministry of Steel has written to the Finance Ministry asking it to look at the possibility of levying customs duty on Chinese stainless steel shipments coming into India. Such a duty will benefit […]
Pension regulator invites bids for tech transformation project Subject :Economy Section: Capital market In News: Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) has invited bids from technology firms to participate in the tendering process for PINTRA, the PFRDA intranet system. Key Points: PINTRA is the first phase of the Authority’s Technology […]
ESG: Top 150 listed companies to subject their BRSR Core to “reasonable assurance” by FY 2023-24 Subject :Economy Section: Capital market In News: Market regulator SEBI has specified a “glide path” for the mandatory “reasonable assurance” of Core – Business Responsibility and Sustainability Reporting (BRSR Core), which is a novel ESG reporting framework. […]