Inverted Duty Structure Subject – Economy Context – Relook at inverted duty structure for textiles, the main agenda of GST Council Concept – An inverted duty structure comes up in a situation where import duties on input goods are higher than on finished goods. In other words, the GST rate paid on purchases […]

    The Consumer Protection (Direct Selling) Rules 2021 Subject – Economy Context – Centre notifies new rules for direct selling industry Concept – The central government on December 28 notified new rules for the direct selling industry banning companies from promoting pyramid and money circulation schemes. The entities have to ensure that these new […]

    Stricter IPO Norms Subject – Economy Context – Stricter IPO norms: Cap on proceeds for future acquisitions, corporate use Concept – The Securities and Exchange Board of India (SEBI) tightened the guidelines for usage of proceeds from the initial public offering (IPO) by companies. The regulator, in a board meeting, has prescribed certain […]

    Gross Fixed Capital Formation Subject – Economy Context – Gross fixed capital formation rate sees decline in 2020-21 Concept – Gross fixed capital formation (GFCF), which is an indicator of the level of investments in the country, fell by 10.8 percent during the financial year 2020-21 as compared to a rise of 5.4 […]

    CPSEs’ Capital Expenditure Subject – Economy Context – At 20%, CPSEs’ capex pace strong, yet below target Concept – Capital expenditure by large central public-sector entities — companies and undertakings – rose by 19 per cent on year to Rs 3.1 lakh crore in the first eight months of the current financial year. […]

    ‘Electronic Gold Receipt’ (EGR) as Securities Subject – Economy Context – Electronic gold receipts are now ‘securities’, says Finance Ministry Concept – The Finance Ministry has specified ‘Electronic Gold Receipt’ (EGR) as ‘securities’ under the Securities Contracts (Regulation) Act 1956, paving way for trading of such instruments on any new gold exchanges that […]

    Circular Economy through Aluminium Subject – Economy Context – According to Ellen McArthur Foundation, the demand for vital raw materials like plastic, concrete, aluminium, and steel will increase four-fold, resulting in worldwide CO2 emission of 649 billion tonnes by 2100. Concept – A Circular economy would essentially mean moving away from a ‘Take, […]

    Financial Inclusion improves Policy Transmission Subject – Economy Context – Reserve Bank of India (RBI) Deputy Governor Michael Patra on Thursday said financial inclusion results in better monetary policy transmission. Concept – Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit where needed […]

    GSTR-3B vs GSTR-1 Subject – Economy Context – Taxmen can directly start recovery for mismatch in sales in GSTR-1, 3B 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 […]