Finance Ministry stresses on reforms for higher FDI inflows Subject : Economy Section: External Sector Key Points: Finance Ministry has pointed to the importance of reforms in key areas to push-up the FDI inflows. FDI flows, have dropped since last year and may remain subdued in the near term. Gross FDI flows moderated […]
Capital Account Convertibility Subject : Economy Section: External Sector Context: India is on the cusp of fundamental shifts in the capital account convertibility space, with increased market integration in the offing and freer non-resident access to debt on the table Concept : Capital account of any country records the net changes in its […]
Internationalisation of rupee Subject: Economy Section: External Sector Context: The Reserve Bank of India’s (RBI) inter-departmental group (IDG) has recommended a roadmap to achieve the internationalisation of the rupee. Key Points: What is Internationalisation? Internationalisation is a process that involves increasing the use of the rupee in cross-border transactions, similar to the other […]
Credit card usage: Why RBI wants banks to let customers choose among few Subject: Economy Section: Monetary Policy Concept : At a time when the credit card business of banks is booming, the Reserve Bank of India (RBI) wants credit card issuers (banks and finance companies) to allow customers opt for their desired […]
Govt. mulls rating firms on GST compliance Subject : Economy Section: Fiscal Policy Concept : The government is mulling the introduction of tax compliance ratings for vendors under the Goods and Services Tax (GST) regime and a pilot project is on the anvil to try out biometric authentications for applicants to be able […]
DGTR initiates probe on rising metallurgical coke imports Subject: Economy Section: External Sector Context: Directorate General of Trade Remedies (DGTR) begins probe into allegations of rising imports of low ash metallurgical coke for initiating safeguard duties. Key Points: The notification by DGTR mentions that imports of met coke were found to be causing […]
RBI inter-departmental group plan to internationalise Rupee Subject: Economy Section: External Sector Key Points: An inter-departmental group (IDG) of the RBI was set up to study and recommend strategy towards achieving internationalisation of the rupee. Over the long term, if these measures are taken, the INR may ascend to a level where it […]
Consumption spending survey Subject :Economy Section: National Income In News: Maharashtra facing widening inequality as per the shelved 2017-18 Household Consumption Expenditure Survey or HCES. Key Points: Centre had junked the findings of the HCES, conducted from July 2017 to June 2018, the only official estimates on consumer spending currently available are from […]
RBI rejects applications of 9 out of 12 entities that sought to set up banks Subject :Economy Section: Monetary Policy In News: RBI has rejected the applications of nine out of 12 entities that applied for a licence to set up a bank under the guidelines for ‘on tap’ licensing of universal banks […]