Subject: Economy Context: E-way bill, in value terms, has reached nearly 90 per cent of pre-Covid period. Concept: The E-way bill, short form for electronic way bill, is a document to be generated online under the GST system, when goods of the value of more than ₹50,000 are shipped inter-State or intra-State. The E-way bill must […]

Subject: Economy Context: With more stringent rules coming into effect from September 21, an exporter’s certificate for ‘country of origin’ alone, which was sufficient earlier, will not be admissible. The concessional Customs duties, including zero duty, under free-trade agreements (FTAs) would be available to importers only if they can prove that products have undergone value […]

Subject: Economy Context: Promoting self-reliance in sectors such as electronics, defence equipment, pharmaceuticals, among others, can lead to import substitution of over USD 186 billion for the country, says a study by Export and Import Bank of India (Exim Bank). Concept: Government strategy that emphasizes replacement of some agricultural or industrial imports to encourage local […]

Subject: Economy Context: Information about FDI was given by the Union Minister of Commerce and Industry, Shri Piyush Goyal, in a written reply in the Lok Sabha Concept: As compared to previous years, Foreign Direct Investment has increased in the financial year 2018-19. The year-wise increase in FDI inflow can be seen in the following […]

Subject: Economy Context: A Parliamentary panel has suggested abolishing tax on long-term capital gains for all investments in start-ups made through collective investment vehicles (CIVs). Concept: The gain or profit from the sale of assets is classified as a capital gain. The tax for this capital gain needs to be paid in the year that […]

Subject: Economy Context: In a recently released report, the Reserve Bank of India mentioned that an appreciating currency will help contain imported inflationary pressures. This has given rise to a fervent debate as to whether the RBI is no longer able to handle the Impossible Trilemma.  Concept: The policy trilemma refers to the trade-offs a […]

Subject: Economy Context: Contracting for the sixth straight month, India’s exports slipped 12.66 per cent year-on-year to USD 22.7 billion in August, on account of fall in the shipments of petroleum, leather, engineering goods and gems and jewellery items, as per the government data released Concept: Trade deficit Trade balance of a country shows the difference […]