Subject : Economy Context : Centre to borrow ₹1.1 lakh crore on behalf of States to meet GST shortfall. Concept : Government of India will now undertake the required borrowings in tranches and pass it on to States as a ‘back-to-back loan’ that will reflect on their own books. This will not have any impact […]

Subject: Economy Context : India is likely to end the current year with a per captia GDP lower than of bangladesh , making it third poorest nation in south asia according to IMF world economic outlook. Concept : Per capita income (PCI) or average income measures the average income earned per person in a given […]

Subject : Economy Context : Vedanta Resources said that, hey have failed to garner the required number of shares to delist Indian subsidiary Vedanta. Concept : Delisting means the permanent removal of a stock from stock exchange. Share delisting is the removal of a listed stock from a stock exchange platform, and thus it would […]

Subject: Economy Context: Finance Ministry granted TN government permission to borrow 9627 crore rupees to meet the shortfall in GST compensation. Concept: Due to pandemic situation , there is a heavy downfall in GST compensation cess collections. To meet the shortfall , central government has given two options for states, a) Letting the States borrow […]

Subject: Economy Context: Growing importance of forensic audit in every sectors of the economy. Concept : Forensic audit A forensic audit is an examination and evaluation of a firm’s or individual’s financial information for use as evidence in court. Forensic auditing is a specialization within the field of accounting, and forensic auditors often provide expert […]