Current Account Deficit (CAD) Subject – Economy Context – Current account posts deficit, at 1.3% of GDP Concept – To know about CAD, please refer November 2021 DPN.
Floating Rate Bond (FRB) Subject – Economy Context – RBI rejects all bids for 10-year G-Sec, FRB Concept – A floating rate bond is a debt instrument that does not have a fixed coupon rate, but its interest rate fluctuates based on the benchmark the bond is drawn. Benchmarks are market instruments that […]
Immovable Property Returns for IAS, IPS, IFS officials Subject – Economy Context – By Jan 31, IAS, IPS, IFS officials have to file returns on immovable property Concept – The Centre has prescribed a timeline in pay rules for filing current and pending Immovable Property Returns for Indian Administrative Service, Indian Police Service […]
Directorate General of GST Intelligence (DGGI) Subject – Economy Context – Directorate General of GST Intelligence (DGGI) said it recovered a total cash of ₹197.49 crore, 23 kg of gold and offending goods of high value after searches on a perfume-compound company Concept – Erstwhile Directorate General of Central Excise Intelligence (DGCEI), now […]
GST Council reconsidering rates on textiles Subject – Economy Context – GST Council defers tax rate increase on textiles Concept – The GST Council in its 45th meeting in September had recommended making certain rate changes for footwear and textiles to correct the inverted duty structure. An inverted duty structure arises when the taxes on output or final product […]
GST Compensation Subject – Economy Context – In meet with FM, states push for GST compensation extension by 5 years Concept – To know about GST compensation, please refer October 2021 DPN.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) Subject – Economy Context – DICGC mops up Rs 9,561 crore premiums in first half of fiscal Concept – To know about DICGC, please refer September 2021 DPN.
Subprime Borrower Subject – Economy Context – Credit growth led by households as corporate demand slides: RBI Concept – A subprime borrower is a person considered to be a relatively high credit risk for a lender. Subprime borrowers have lower credit scores and are likely to have multiple negative factors in their credit […]
Flex-Fuel Vehicles Subject – Economy Context – Minister of Road Transport and Highways Nitin Gadkari has called on carmakers to start manufacturing flex-fuel vehicles and flex-fuel hybrids in India, while saying the same will be commute-ready within six months. Concept – Flex fuel vehicles (FFV) are capable of running on 100 per cent […]