Pre-pack Subject: Economy Context: According to the report submitted by the panel headed by Insolvency and Bankruptcy Board of India chairman M S Sahoo, the ‘pre-pack’ insolvency scheme will be available for any stress i.e., pre-default and post-default. Concept: The scheme is sought to be put in place to for the identification of […]

    Corporate Average Fuel Efficiency/Economy regulations (CAPE) Subject: Economy Context: Automakers seek relief on new fuel efficiency, emission norms like CAPE, BS-6 norms. Concept: It seeks to achieve emission norms as part of climate change commitments by mandating norms to be adopted by automotive sectors. It seeks to lower fuel consumption (or improving fuel […]

    Gas pipeline from Kochi to Bengaluru Subject: Economy Context: Prime Minister Narendra Modi dedicated to the nation the Kochi-Mangaluru natural gas pipeline of the Gail Authority of India Limited (GAIL). Concept: It is South India’s first LNG-receiving, regasification and re-loading terminal with a capacity of five million metric tonnes per annum. It will […]

    TRADE BARRIERS, TPR , MFN Subject : Economy Context : The US, China and the European Union (EU) have come down heavily on India for its “rising trade barriers and restrictive investment policies” at the Geneva-based World Trade Organization (WTO). Concept : According to the official, the US has said that since India’s […]

    EQUALISATION LEVY Subject : Economy Context :  government had moved an amendment in the Finance Bill 2020-21 imposing a 2 per cent digital service tax (DST) on trade and services by non-resident e-commerce operators with a turnover of over Rs 2 crore. Concept : It effectively expands the scope of equalisation levy that […]

    SPECTRUM AUCTIONS Subject: Economy Context:  Department of Telecommunications (DoT) said on Wednesday (January 6) that auctions for 4G spectrum in the 700, 800, 900, 1,800, 2,100, 2,300, and 2,500 MHz bands will begin from March 1. Licence holders have until February 5 to submit their applications. Concept: The last spectrum auctions were held […]

    COLLEGE OF SUPERVISORS Subject: Economy Context: Reserve Bank of India (RBI) on January 6 said it is now fully operationalising a College of Supervisors (CoS) to further strengthen supervision over regulated entities. Concept: Reserve Bank had set up a College of Supervisors (CoS) to augment and reinforce supervisory skills among its regulatory and […]