Corporate Tax Subject : Economy Context: Corporate tax to GDP ratio exceeds 3 percent after two years in FY’22 Details: It reflects overall improvement in profitability of India Inc propelled by an increase in demand for goods and services. The corporate tax collection is yet to surpass its five-year high of 3.51 percent […]
Rupee depreciation Subject: Economy Context: During the year, the rupee fell to a lifetime low of 83.2 against the dollar. Details: The rupee was the worst-performing Asian currency in 2022, witnessing a fall of around 10 per cent against the dollar. Compared to rupee, depreciation of other Asian currencies was to a lesser […]
What is the crypto awareness campaign? Subject: Economy Context: The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. The need for the outreach is based on the observation that both crypto-assets and online gaming. What is the Investor Education and Protection […]
SEBI Subject :Economy Context: SEBI suggested various steps to strengthen the capital market. Details: ISEBI asked stock exchanges to set up an Investor Risk Reduction Access (IRRA) platform. It will give investors an opportunity to cancel pending orders in case of disruption of trading services. SEBI also decided to amend regulations to strengthen […]
Small Savings Schemes Subject :Economy Context: With inflation averaging at more than 6% through 2022 and interest rates rising, there is an economic rationale for returns on small savings instruments such as the Public Provident Fund (PPF) to be raised for the first quarter of 2023, but the government may opt to maintain […]
Agri share in GVA Subject: Economy Context: The GVA of agriculture, forestry and fishing grew by 4.5 per cent in H1 FY23 Details: Rabi sowing covers 89 per cent of the total area sown in the 2021 season The agricultural GVA growth estimated at 3 percent for the last quarter of the current […]
Green Finance Subject: Economy Context: India’s updated climate change action plan requires financial commitments from Indian and international sources. Details: India’s updated climate change action plan: Achieving 50 per cent of installed electric generation capacity through non-fossil fuel-based sources i.e 500GW by 2030. Reducing emissions intensity of GDP by 45 per cent by […]
European Market Infrastructure Regulation (EMIR) Subject: Economy Context: Engaging with ESMA but alternative arrangements also under deliberation: RBI report Details: ESMA has de-recognised six Indian clearing houses, including CCIL, effective May 2023, after Indian regulators showed reluctance to sign a revised agreement which gave the overseas regulatory body the right to audit, scrutinise […]