Crude oil regulation Subject :Economy Section: External Sector Context: The Union Cabinet on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel. Impact: The companies can sell their crude oil to any private company in the domestic market along with […]

    Foreign Portfolio Investors and commodity market Subject :Economy Section: External Sector Context: Markets regulator SEBI has allowed foreign portfolio investors (FPIs) to play in commodity derivatives markets. Details: SEBI has allowed foreign entities to participate in the Indian Exchange Traded Commodity Derivative market, through the FPI route. FPIs can trade in all non-agricultural […]

    TDS on crypto Subject :Economy Section :Fiscal Policy Context: Buyer of virtual digital assets (VDA) outside crypto exchanges will now be required to deduct the tax at source (TDS) on the payment made in cash to the seller under section 194S of the Income Tax Act. Details: Transactions taking place outside the exchange […]

    T-Hub 2.0 Subject: Economy Section: Indian Economy Why in the news? Telangana Chief Minister K Chandrashekar Rao has inaugurated T-Hub 2.0, the world’s biggest innovation campus, with an aim “to incubate the next generation of start-ups” that could become strong pillars of the country’s economy. Concept: T-Hub: The T-Hub (Technology Hub) was established […]

    GST-Concepts Subject: Economy Section: Fiscal Policy Context: The GST Council on the first of its two-day meet in Chandigarh saw a general consensus among states on rate rationalisation, which includes correcting inverted duty structures and expanding the tax base. Concept: GST Council: It is a constitutional body under Article 279A. It makes recommendations […]