National Statistical Office (NSO) Subject – Economy Context – Gross Value Added (GVA) in the economy during the April to June period rose 18.8%, as per the National Statistical Office (NSO), from a 22.2% dip in the first quarter of 2020¬21. Concept – The National Sample Survey Office (NSSO) merged with the Central […]
Gross Value Added (GVA) Subject – Economy Context – Economy grows 20.1% in Q1, lags pre-COVID level. ‘GVA during April to June rose 18.8%’. Concept – In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. Gross […]
Non-Fungible Token (NFT) Subject – Economy Context – Big B to launch own non-fungible token collection on BeyondLife.club Concept – A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used […]
Rights Issue Subject – Economy Context – The board of directors of Bharti Airtel has approved the company’s plan to raise up to Rs 21,000 crore by way of a rights issue. Concept – A rights issue is a mechanism by which companies can raise additional capital from existing shareholders. While existing shareholders […]
Powers of Reserve Bank of India Subject – Economy Context – RBI turns up the heat on errant banks, others. Concept – The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established […]
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act of 2002 Subject – Economy Context – Extend IBC provisions to InvITs: experts Concept – Banks utilize Sarfaesi Act as an effective tool for bad loans (Non Performing Asset) recovery. The Sarfaesi Act is effective only against secured loans where banks can enforce the underlying security. Basically, […]
Insolvency and Bankruptcy Code Subject – Economy Context – Extend IBC provisions to InvITs: experts. Concept – It is a reform enacted in 2016. It amalgamates various laws relating to the insolvency resolution of business firms. It lays down clear-cut and faster insolvency proceedings to help creditors, such as banks, recover dues and prevent bad loans, a key drag on the economy. […]
Central Board of Direct Taxes (CBDT) Subject – Economy Context – Govt. extends deadline amid IT portal glitches. Concept – The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officials of the Board in their ex-officio capacity also function as a Division of the […]
Tax Breaks Subject – Economy Context – To make the National Monetisation Pipeline (NMP) a success, the government should give Income Tax breaks to attract retail investors into instruments such as Infrastructure Investment Trusts (InvITs), the NITI Aayog has recommended. Concept – A tax break is a reduction of a taxpayer’s total liability. […]
National Monetisation Pipeline (NMP) Subject – Economy Context – Finance Minister Nirmala Sitharaman announced the National Monetisation Pipeline (NMP), which is expected to fetch around ₹5.96 lakh crore to the government. Concept – The NMP names a list of public assets that will be leased to private investors. Only brown-field assets, which are […]