Options and Futures Subject – Economy Context – Freak trade at NSE, yet again Concept – Options and futures are similar trading products that provide investors with the chance to make money and hedge current investments. Options An option gives the buyer the right, but not the obligation, to buy (or sell) an […]
Card-Tokenisation Services Subject – Economy Context – RBI tweaks guidelines for card-tokenisation services. Concept – Tokenisation refers to replacement of actual card details with an alternate code called the “token”, which shall be unique for a combination of card, token requestor (i.e. the entity which accepts request from the customer for tokenisation of […]
Adjusted Gross Revenue Subject – Economy Context – Major licence fee, AGR relief expected today. Concept – It is the usage and licensing fee (spectrum usage charges and licensing fees, pegged between 3-5 percent and 8 percent respectively) that telecom operators are charged by the Department of Telecommunications (DoT). It is calculated based […]
Bitcoin as a legal tender Subject – Economy Context – El Salvador adopts bitcoin as legal tender. Concept – El Salvador became the first country in the world to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent home from abroad but which critics warned may fuel […]
Export Promotion Council for EOUs and SEZs (EPCES) Subject – Economy Context – Commerce Secretary B.V.R. Subrahmanyam has also assured the Export Promotion Council for EOUs and SEZs (EPCES) of a resolution of the massive container shortages afflicting exports. Concept – Export Promotion Council for EOUs & SEZs (EPCES) has been setup by […]
Special Economic Zone (SEZ) Subject – Economy Context – ‘Govt. mulls allowing local sales by SEZ units sans import tag’. Concept – An SEZ is a territory within a country that is typically duty-free (Fiscal Concession) and has different business and commercial laws chiefly to encourage investment and create employment. A special economic zone (SEZ) is an area in a country that is subject to […]
Debt levels of many States precarious: Crisil Subject: Economy Context: According to a report by Crisil most States have precarious debt levels, which will constrain their ability for higher spending on capital expenditure. Debt for eight States (Tamil Nadu, Andhra Pradesh, West Bengal, Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, and Bihar) has surpassed […]
Section 109 of the GST Act Subject: Economy Context: The Supreme Court on Monday said the government had no option but to constitute the Goods and Services Tax (GST) Appellate Tribunal Concept: Section 109 of the GST Act mandates the constitution of the Tribunal The Government shall, on the recommendations of the Council, […]