Anti-Dumping Duty Subject – Economy Context – Antidumping duty likely on pharma API from China Concept – To know about Anti-Dumping Duty, please click here. To know about Tariff / Non Tariff Barriers, please click here.
DICGC to announce new date to submit claims Subject – Economy Context – The Deposit Insurance and Credit Guarantee Corporation (DICGC) has clarified that it will separately communicate the revised date for submission of claims and the procedure to be followed in respect of payment of deposits in the case of the scam-hit […]
Tax buoyancy Subject – Economy Context – Revenue Secretary Tarun Bajaj wants to be cautious even though both indirect and direct tax collections during the first two quarters of this fiscal year have shown buoyancy. Concept – To know about tax buoyancy, please click here. For related terms like Revenue Foregone and Tax […]
‘Fraud loans’ to ARCs Subject – Economy Context – RBI allows banks to sell ‘fraud loans’ to ARCs Concept – The Reserve Bank of Indiaallowed loan exposures classified as fraud to be transferred to Asset Reconstruction Companies (ARCs). This comes in the wake of banks reporting frauds aggregating ₹3.95-lakh crore between FY19 and […]
Service Exports from India Scheme (SEIS) Subject – Economy Context – Govt. notifies SEIS rates for 201920, sets ceiling Concept – Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty scrip credit for eligible exports. A Duty Credit Scrip is like a credit certificate issued by the Director General of Foreign […]
National Financial Reporting Authority (NFRA) Subject – Economy Context – Accounting regulator raps EY arm’s audit of IL&FS firm Concept – To know more about NFRA, please click here.
RBI Retail Direct platform for Government Securities (G-secs) Subject – Economy Context – G-Sec Retail Direct: Mkt players seek easy KYC, interoperability Concept – For effective implementation of the RBI Retail Direct platform for Government Securities (G-secs), market participants are pushing for tweaks in the rules, seeking relaxation in KYC norms, interoperability for […]
RBI’s Government Securities Acquisition Programme (G-SAP) Subject – Economy Context – RBI’s G-SAP 2.0 may hinder banks’ credit offtake Concept – Under the G-SAP 2.0 programme, the RBI will conduct open market purchases of government securities worth ₹1.2 lakh crore across the various maturity spectrum. The programme aims to ensure the orderly evolution […]
Chief Economic Advisor Subject – Economy Context – CEA takes a dig at ‘freebie culture’ Concept – India’s Chief Economic Advisor KV Subramanian exhorted State governments to focus on ushering in supply-side reforms and increase capital expenditure to attract private investment, instead of spending taxpayers’ money on revenue expenditure in the form of […]