Debt Sustainability of States Subject – Economy Context – RBI report says combined debt-to-GDP ratio is worryingly high at 31 per cent Concept – The report “State Finance: Study of Budgets” noted that the combined debt-to-GDP ratio of States, which stood at 31 per cent at end-March 2021, is expected to remain at […]

    World Inequality Report Subject – Economy Context – Richest 1% have 38% of wealth growth globally: World Inequality Report Concept – The richest 10 per cent own around 60-80 per cent of wealth and the poorest half less than 5 per cent of wealth. Published by the Harvard University Press. How taxation can […]

    Petrol diesel under GST purview Subject – Economy Context – A Division Bench of the Kerala High Court on Wednesday expressed dissatisfaction over the reasons given by the GST Council for not bringing petrol and diesel under the purview of the GST Concept – Instead of GST, as of now, taxes like ‘Excise […]

    Informal Economy Subject – Economy Context – According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Concept – According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. The report […]

    Unemployment rate at 9.3% Subject – Economy Context – Unemployment rate at 9.3% in January-March 2021, shows NSO survey Concept – Unemployment rate for persons of age 15 years and above in urban areas rose to 9.3 per cent in January-March 2021 from 9.1 per cent in the same month of the previous […]