GST Compensation cess Subject – Economy Context – GST shortfall: Centre releases 44K crore as back-to-back loan Concept – GST Compensation cess was introduced as relief for States for the loss of revenues arising from the implementation of GST. States, in lieu of giving up their powers to collect taxes on goods and […]

    Meme Coins Floki Currencies And Dogecoin-Killers Subject – Economy Context – Dogecoin, the first meme-coin, launched in 2013, has gained momentum. Concept – Dogecoin, the first meme-coin, launched in 2013, has gained momentum, becoming the 10th largest cryptocurrency with a $32.54 billion capital market. However, the pioneering meme currency has faced stiff competition […]

    SWAMIH Fund Subject – Economy Context – SWAMIH Fund exit from investment in Mumbai’s housing project and its impact Concept – The government-backed Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund has announced complete exit from its investment made in CCI Rivali Park Wintergreen project in Mumbai. The fund was set up […]

    Economic Advisory Council to the Prime Minister Subject – Economy Context – EAC-PM: 3 new members inducted Concept – The government has reconstituted the Economic Advisory Council to the Prime Minister for a period of two years after its term came to an end last month. Bibek Debroy continues to be the Chairman […]

    Cascade Tripping Subject – Economy Context – Mumbai 2020 outage due to ‘cascade tripping’, not sabotage: Report Concept – Cascade tripping is the tripping of the power grid in unbalanced condition or it is the tripping of safety devices and isolation of the part of the system to prevent damage to the equipment. […]

    National Bank for Financing Infrastructure Development (NABFID) Subject – Economy Context – KV Kamath to head NABFID Concept – It is a newly set up development finance institution in the country. The board will comprise 13 members, including a chairman, four whole-time directors and two government nominees. The remaining are expected to be […]

    Credit Outreach Programme Subject – Economy Context – Loan outreach: PSBs sanction ‘11,168 cr to 1.93 lakh accounts’ Concept – Banks have sanctioned loans worth Rs 11,168 crore to about 1.93 lakh accounts under the credit outreach programme, Finance Minister Nirmala Sitharaman said. Banks are holding special camps across the country to sanction […]