Octroi Tax Subject – Economy Context – Before value added tax and other centralised taxation systems, one of the major earnings of cities used to be from octroi. Concept – Octroi duty is the tax levied by local or state governments on certain categories of goods as they enter the area. It is a charge for allowing transit of good through the jurisdiction. Just as customs duty ensures that goods […]
RBI’s Digital Payment Index Subject – Economy Context – RBI: Digital payments up 39.6% in Sept 2021 Concept – The RBI’s Digital Payment Index, which shows the deepening of payments through digital modes in India, rose by 39.64 per cent to 304.06 in September 2021 against 217.74 in the year-ago month. Constructed with […]
Indian Renewable Energy Development Agency(IREDA) Subject – Economy Context – Govt to infuse ₹1,500 cr in IREDA to step up RE funding Concept – Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy […]
Top Producers and Consumers of Oil Subject – Economy Context – Crude oil hits 7-year high Concept – The largest oil producers and share of total world oil production in 2020 Country Share of World Total United States 20% Saudi Arabia 12% Russia 11% The largest oil consumers and share of total world […]
Seed Money Subject – Economy Context – IIT-M incubated Aerostrovilos raises ₹3.5 cr seed fund from TI Concept – Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible […]
Reform Linked Borrowing Subject – Economy Context – ‘20 states express interest to avail extra borrowing’ Concept – The Ministry of Finance had launched a programme in June last year to allow additional borrowing space of Rs 80,000 crore to states, which is conditional on them undertaking and sustaining specific reforms in the […]
DigiYatra Scheme Subject – Economy Context – DigiYatra Scheme for airports may encounter privacy issues, says IFF Concept – Air passengers can soon use facial recognition technology to enter any airport in the country under the Digi Yatra initiative by the Ministry of Civil Aviation. The initiative seeks to promote paperless and hassle-free […]
Small Industries Development Bank of India (SIDBI) Subject – Economy Context – SIDBI extends ₹650-crore fund line to AU SFB, Jana SFB Concept – SIDBI is the principal development financial institution for promotion, financing and development of Micro, Small and Medium Enterprises (MSME) sector in India. It was established on April 2, 1990 […]
Front running in Stock Markets Subject – Economy Context – In December, 2021, SEBI conducted multiple raids in Ahmedabad and other parts of Gujarat and caught those running Telegram channel ‘Bull-run 2017.’Also, the founders of Bull-run 2017 were not registered with SEBI, which is necessary for investment advisors. Concept – Frontrunning is when […]