GST-1 and GSTR-3B Subject – Economy Context – Taxman to take ‘explanation-first’ approach in short payment cases Concept – GSTR – 3B is a monthly summary return filed by a taxpayer by the 20th of the next month or 22nd/24th of month following a quarter. GSTR-3B discloses supplies made during the month along […]
India as Asia’s 2nd largest Economy Subject – Economy Context – ‘India to surpass Japan as Asia’s 2nd largest economy by 2030’ Concept – India is likely to overtake Japan as Asia’s second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the U.K. to rank as the world’s No.3, IHS Markit said. Currently, India is […]
Sovereign Gold Bond Scheme Subject – Economy Context – Gold bond issue priced at ₹4,786/gm Concept – To know about the scheme, please refer August 2021 DPN.
First Advance Estimate FY 2022 Subject – Economy Context – FY22 GDP growth put at 9.2% as agri, manufacturing shine Concept – The government estimated the economic growth for the 2021-22 fiscal year at 2 per cent, expecting limited impact of the third Covid wave on the economy. Last financial year, FY21, the […]
Securities and Exchange Board of India (SEBI) Subject – Economy Context – SEBI shortlists seven for the posts of 2 whole time members Concept – The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. […]
Major Ports of India Subject – Economy Context – Major ports handle 11 per cent more cargo in April-December Concept – India has 12 major seaports (11 Government-owned and one private) and 205 notified minor and intermediate ports that handle a huge volume of traffic. About 95 percent by volume and 70 percent […]