CAPITAL GAINS TAX (CGT) TOPIC: Economy Context- In an almost 10-fold increase in tax collections from stock markets, the government is expecting to collect Rs 60,000-80,000 crore this financial year as a tax on capital gains in the stock markets as against Rs 6,000-8,000 crore in the previous fiscal. Concept- Capital Gains Tax: […]

    BARBELL STRATEGY TOPIC: Economy Context- This year’s Budget and Economic Survey used terms like Barbell Strategy, Agile Response, and Bayesian updating of information to tell how the government has improved its decision-making in response to Covid-19. Concept- Barbell Strategy: The barbell strategy is an approach to uncertainty (risk) that uses two extremes – […]

    RATIONALISATION OF INCOME TAX TOPIC: Economy Context- 11 crore file taxes via TDS but only 7 crore file returns; this needs to improve, says Tarun Bajaj Revenue Secretary. Concept- What Is a Tax Base? A tax base is a total amount of assets or income that can be taxed by a taxing authority, […]

    RBI accepts plea for penalty waiver Topic: Economy Context: The RBI has accepted the stakeholders’ (Banks, White Label ATM Operators & managed service providers) plea to waive penalty at times ATMs cannot be replenished with cash due to unforeseen circumstances. Concept: According to the RBI’s 2021 circular on ‘Monitoring the availability of cash […]

    Taxing Cryptos- a sovereign right Topic: Economy Context: Finance Minister on replying to a debate on the general discussion on the Budget in the Rajya Sabha said taxing Cryptocurrency is the right of the sovereign and banning it or not is another issue. Concept: The Budget has termed Virtual Digital Asset (VDA) has […]