Subject:Economy Context: The Vodafone Group has won a long pending arbitration case against the Indian tax department’s demand of Rs 20,000 crore on a retrospective basis at the Permanent Court of Arbitration in Hague Concept: Retrospective taxation allows a country to pass a rule on taxing certain products, items or services and deals and charge […]

Subject: Economy Context: In a situation of high inflation and declining interest rates, fixed deposits (FDs) with banks will have to take the backseat in an investor’s asset allocation, especially for those in the highest marginal tax bracket. Concept: A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings […]

Subject: Economy Context: Union Agriculture Minister Narendra Singh Tomarhas assured farmers that MSP will be continued at a time when farmers are concerned about the MSP after the newly passed farm bills Concept: The National Food Security Act, 2013 (NFSA) provides a legal basis for the public distribution system (PDS) that earlier operated only as a […]