Startup India Seed Fund Scheme Subject : Economy Section: Fiscal Policy Context: The Scheme was announced during the ‘Prarambh: StartupIndia International Summit’ which marked the five-year anniversary of the Startup India initiative. About the Startup India Seed Fund Scheme (SISFS): Aim: To provide financial assistance to startups for proof of concept, prototype development, […]
Gross savings rate-Trends Subject : Economy Section: Monetary Policy Context: In the last 30 years, savings and investment opportunities have grown by leaps and bounds. Trends: India’s gross savings rate –increased from 9 percent of GDP in the 1950s to over 30 percent of GDP in recent years. Savings represent sums put away […]
Monetary Policy Trends Subject : Economy Section: Fiscal Policy Context: As the institutional environment, both domestic and global, changes, the tasks of monetary policy also change. Details: The Reserve Bank of India was set up as a central monetary authority in 1935. Like all central banks in developing economies, RBI has been playing […]
Development of Enterprise and Service Hubs (DESH) Bill Subject : Economy Section: Fiscal Policy Context: The Union Budget 2022, proposed to replace the existing law governing Special Economic Zones (SEZs) with a new legislation to enable states to become partners in ‘Development of Enterprise and Service Hubs’ (DESH). Development of Enterprise and Service […]
Concessional Tax Regime Subject : Economy Section: Fiscal Policy Context: The government aims to establish a tax regime with no exemptions and deductions. Details: The Union Budget 2020-21 introduced a new tax regime. It gave taxpayers the option to choose between the old regime and the new tax regime. The intention behind the […]
Banking licence Subject :Economy Section: Banking Context: The Reserve Bank of India has cancelled the banking licence of Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate it. Why did RBI cancel the licence of Rupee Cooperative Bank? The bank does not have adequate capital and earning prospects as per […]
Digital lending Subject :Economy Section: Monetary Policy Context: Reserve Bank of India (RBI) has issued guidelines for entities engaged in digital lending. Details The guidelines apply to the RBI’s regulated entities (REs) and the LSPs engaged by them to extend credit facilitation services. For the second category digital lenders, the respective regulator may […]