Unfair Trade Practices Subject – Economy Context – Now selling counterfeit cookers, helmets, or gas cylinders offence Concept – The Centre announced launch of a nation-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders as its violation is a cognisable offence under relevant sections of the BIS […]
Inflation in Developed World Subject – Economy Context – For many decades now inflation has remained very low in evolved economies. Concept – For many decades now inflation has remained very low in evolved economies. In the 2010- 20 decade, it remained lower than 2 per cent. In fact, if media reports are […]
Relative Strength Index (RSI) Subject – Economy Context – Market falls steepest in 7 months Concept – The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. […]
Importer-Exporter Codes (IECs) Subject – Economy Context – Importer-exporter codes not updated after Jan 2014 to be deactivated Concept – The Importer-Exporter Code (IEC) is a key business identification number that is mandatory for exports or imports. No person shall make any import or export except under an IEC number granted by the […]
National Securities Depository Limited (NSDL) Subject – Economy Context – FPIs adopt contrarian game plan: Invest in IPOs, sell in stock market Concept – National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance, Government of India based in Mumbai. It was established in1996 as […]
Inverted duty structure Subject – Economy Context – To correct duty structure, FinMin notifies 12% GST on textiles, footwear from January 1 Concept – An inverted duty structure arises when the taxes on output or final product is lower than the taxes on inputs, creating an inverse accumulation of input tax credit which […]