India’s Per Capita Income to Rise by $2000 in 5 Years Sub : Eco Sec: National Income Finance Minister’s Statement: Finance Minister Sitharaman stated that the coming decades will see the steepest rise in living standards for Indians, marking a significant period for the country’s development. Per Capita Income Projection: India’s per capita […]
Supreme Court Lays Down ‘Functionality’ and ‘Essentiality’ Test for Claiming Input Tax Credit (ITC) Sub: Eco Sec: Fiscal policy Supreme Court Judgment on ITC for Real Estate Companies: Real estate companies can claim Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime for costs incurred on construction of commercial structures […]
Sri Lanka’s economy marks first deflation in 39 years Sub : Eco Sec: Inflation and Unemployment Context: Sri Lanka’s economy recorded falling consumer prices for the first time in 39 years, with the September inflation figure dipping to negative 0.5%. Sri Lanka last recorded deflation in 1985. Inflation in Sri Lanka: In 2022, […]
Painful Choices Loom After China’s ‘Monumental’ Stimulus Sub : Eco Sec: Fiscal Market China’s recent stimulus plan to shift towards consumer-driven growth marks a significant break from its traditional economic policies. Focus on Stimulating Household Demand: Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) in 2024 to subsidize […]
SEBI Tightens Noose on Insider Trading Sub : Eco Sec: Capital Market In a bid to strengthen regulations and curb insider trading, SEBI (Securities and Exchange Board of India) has introduced significant amendments. Expansion of the Definition of “Connected Persons”: SEBI has expanded the definition of “connected persons” to include entities and individuals […]
Make in India: Ten Years of Mixed Outcomes Sub: Eco Sec: National Income Objectives of Make in India (MI): Launched on September 25, 2014, the MI policy aimed to: Increase the manufacturing sector’s share in GDP to 25% from 14%-15%. Create 100 million additional industrial jobs by 2025 (from about 60 million). Manufacturing […]
Centre proposes 2022-23 as new base year for GDP Sub: Eco Sec: National Income The Centre is proposing 2022-23 as the new base year for GDP calculations, with the first data expected to be published by February 2026. This revision comes under the Ministry of Statistics and Programme Implementation (MoSPI), and a similar […]