Higher the central bank gold reserves lower the sovereign credit risk Subject – Economy Context – Higher the central bank gold reserves, lower the sovereign credit risk: IIM-A centre’s study Concept – Gold reserves of Central Banks can reduce the sovereign credit risk of countries, according to a study by the India Gold […]
Linking cess with govt borrowing Subject – Economy Context – The GST Council’s inaction on petro products and cess continuing till 2026 are likely to make life difficult for consumers Concept – Currently all taxes levied by both the Centre and States form two-thirds of the final price paid by the consumer. The […]
Area Frame Establishment Survey (AFES) Subject – Economy Context – Field work for survey on jobs in informal sector launched Concept – The government flagged off the field work for the Area Frame Establishment Survey (AFES), a survey aimed at capturing employment in the informal sector and establishments having less than 10 workers. […]
Foreign Portfolio Investment Subject – Economy Context – Record Sept: FPI buys in India top ₹27,756 cr Concept – September marked the comeback of the foreign portfolio investors (FPIs). Data show that last month, FPIs made the largest purchase of stocks and debt instruments in 2021 so far at ₹27,756 crore. To know […]
Direct Benefit Transfer (DBT) Subject – Economy Context – DBT beneficiaries’ number hits record 71 cr so far in FY22 Concept – The number of beneficiaries receiving food grains under the Public Distribution System (PDS) through Direct Benefit Transfer (DBT) has reached a record high of around 71 crore so far in the […]
Capital Expenditures and Revenue Expenditures Subject – Economy Context – Most States increase their capex but fail to rein in revenue expenses. Concept – With growth being severely impacted by the pandemic and private capital expenditure showing no signs of picking up, the Centre had resolved to increase its capital expenditure substantially for […]
New rules to clear retro tax mess Subject – Economy Context – Govt. notifies new rules to clear retro tax mess Concept – Firms such as Cairn and Vodafone disputing retrospective tax demands in India will not only have to withdraw all legal proceedings and waive all rights to claim costs or attach Indian assets but also indemnify the government […]
Increasing Adoption Of Crypto Assets Pose Financial Stability Challenges: IMF Subject – Economy Context – The rapid growth of the crypto ecosystem presents new opportunities; the IMF has said but also cautioned that the digital currency assets pose financial stability challenges. Concept – The rapid growth of the crypto ecosystem presents new opportunities, […]
Handbook of Statistics on Indian Economy Subject – Economy Context – ‘Bengal tops in per capita income growth’ Concept – West Bengal Finance Minister Amit Mitra on Friday said that the State had ranked number one in terms of net per capita income growth in 2020-21 as per the Reserve Bank of India’s ‘Handbook of Statistics on […]