Why the Latest RBI Jobs Data Show a Bump Up in Employment Sub: Economy Sec: Inflation and employment Significant Increase in Employment Employment Growth: Employment growth in India jumped by nearly 6% in FY24, compared to an increase of 3.2% in FY23. Workforce Increase: The workforce increased by approximately 4.67 crore to 64.33 […]

    Note Ban, GST, COVID Cost ₹11.3 Lakh Crore and 1.6 Crore Informal Jobs Sub: Economy Sec: National Income Economic Impact Overview Cumulative Economic Loss: The cumulative impact of demonetization, GST rollout, and the COVID-19 pandemic is estimated at ₹11.3 lakh crore, equivalent to 4.3% of GDP in 2022-23, according to India Ratings and […]

    Reducing Tariffs for Smartphone Components: Why the Industry Body is Calling for Tariff Cuts Sub: Economy Sec: External economy The Indian Cellular and Electronics Association (ICEA), an industry body representing mobile and other electronics assembly and manufacturing units, has called for a reduction of tariffs on certain components for smartphones. This demand, on […]

    Behind Russia’s High Income Sub: Economy Sec: National Income Recent Upgrade by the World Bank Russia’s Status: Upgraded from an ‘upper-middle income’ to a ‘high-income’ country. Previous Status: Last had high-income status in 2014. Determining Factors: Growth in Trade: +6.8% Financial Sector: +8.7% Construction: +6.6% Real GDP: Increased by 3.6% Nominal GDP: Increased […]

    SEBI’s Uniform Charge Structure for Stockbrokers Sub: Economy Sec: Capital MARKET The Securities and Exchange Board of India (SEBI) has mandated stock exchanges and other market institutions to implement a “uniform and equal” charge structure for all stockbrokers, irrespective of the nature of the transaction. Current Charging Mechanism Volume-Based Charges: Currently, stock exchanges […]