Reserve Bank of India Subject – Economy Context – Making the banking sector more vibrant Concept – The Reserve Bank of India is the central bank of the country. The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India […]

    Equalisation Levy Subject – Economy Context – Surge in equalisation levy, too; net direct tax collection up over 73 per cent Concept – Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. It is aimed at […]

    Securities Transaction Tax (STT) Subject – Economy Context – At ₹11,000 crore, STT mop-up in Apr-Sept closes in on FY22 target Concept – Securities transaction tax (STT) is a direct tax levied at the time of purchase and sale of securities listed on stock exchanges in India. Securities are tradable investment instruments such […]

    National Anti-Profiteering Authority (NAA) Subject – Economy Context – Anti-profiteering body gets 1-year extension Concept – The GST Council has decided to extend the tenure of the National Anti-Profiteering Authority (NAA) for one more year while an alternative will be explored in the Competition Commission of India (CCI). This is a second extension […]

    National E-Governance Services Ltd. (NeSL) Subject – Economy Context – NeSL data as of May 31 shows that the number of debtors in India stood at 93.02 lakh. Concept – According to the evidence provided by the Ministry of Corporate Affairs to the Parliamentary Standing Committee on Finance in August, NeSL data as […]

    Insolvency and Bankruptcy Code 2016 (IBC) Subject – Economy Context – 1,000 appeals under the IBC were pending adjudication as on May 31. Concept – IBC was enacted with an object of time-bound resolution of debts. The IBC created an institution called an information utility to be the repository of information on debts […]

    National Company Law Appellate Tribunal (NCLAT) Subject – Economy Context – Ease of doing business at risk if issue of appointments to tribunals is not resolved Concept – Sanctioned strength – chairperson plus 11 members. To know more about NCLAT, please click here.

    National Company Law Tribunals (NCLT) Subject – Economy Context – Ease of doing business at risk if issue of appointments to tribunals is not resolved Concept – Total strength – 63. To know about NCLT, please click here.