Chinese companies and associated rules in India Subject: Economy Section: External Sector Context: Scores of chartered accountants, company secretaries and cost accountants are currently under the regulatory scanner for alleged violations of the companies law with respect to setting up of certain Chinese companies and their subsidiaries in India. Concept: Chinese companies in […]
Generalized System of Preferences (GSPs) Subject: Economy Section: National Income Context: The Centre may engage with the industry to assess the impact of the European Union’s decision to withdraw preferential tariff benefits for certain products from India, including electrical machinery, plastics, articles of stones and articles of leather, from January 2023 Details: Under the […]
US jobs-recession paradox Subject: Economy Section: National Income Context: There is no historical precedent for a recessionary economy to produce 528,000 jobs in a month — as the US economy did in July Details: A recession generally caused by an increase of interest rates by the Reserve Bank of a country. Rising rates […]
Gross State Domestic Product Subject: Economy Section: National Income Context: Emerging from the shock of the Covid-19 pandemic, economies of 19 states and Union Territories exceeded their pre-Covid levels according to the Ministry of Statistics and Programme Implementation. Details: In 2021-22, India’s GDP expanded at 8.7 per cent against a 6.6 per cent […]
Rs 6250-cr IPO was approved: PharmEasy’s parent company withdraws DRHP Subject :Economy Section: Money Market Context: Fearing volatility in stock markets, API Holdings, the parent company of healthtech unicorn PharmEasy, has withdrawn its draft red herring prospectus (DRHP) that it had filed with the Securities and Exchange Board of India (Sebi), the company […]
Electricity Sector Subject :Economy Section: Infrastraucture Context:The National Load Dispatch Centre (NLDC) has banned discoms of Telangana from participating in the day ahead market with the Indian Energy Exchange (IEX) for procuring energy on the grounds of non-payment of dues to Gencos despite making payments. Concept: National Load Despatch Centre (NLDC) It is […]