Govt examining FDI flow from China in Paytm Payments Services Subject: Economy Section: External Sector Context: The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator, subsidiary of One97 Communications Ltd. (OCL). As, OCL has investment from Chinese firm Ant Group Co. Details: What is […]

    ‘Tax-to-GDP ratio to hit all-time high of 11.7% of GDP in FY25’ Subject: Economy Section: Fiscal economy Context: India’s tax landscape is anticipated to witness significant growth in the coming fiscal year, with the tax-to-GDP ratio expected to reach a historic high of 11.7%. About ‘Tax-to-GDP’ Ratio The tax-to-GDP ratio measures a nation’s […]

    Hot Money Subject: Economy Section: External Sector Context: India to stay alert for ‘hot money’ after bond index inclusion: official Concept: Hot money refers to the currency that quickly and regularly moves between financial markets and is invested for short-term. In this investors lock in the highest available short-term interest rates for large gains. […]

    About Agriculture Infrastructure and Development Cess (AIDC) Subject: Economy Section: Fiscal policy Introduction and Nature: Introduced in the Union Budget 2021-22. A tax imposed by the government on the commercial production of agricultural produce. Levied at a specific rate on the value of these goods. Purpose: Aims to provide financial support for the […]

    Key Points: Import Duty Hike on Gold Findings Subject: Economy Section: External Sector Import Duty Hike Background: Category Affected: Import duties increased on a specific category of jewelry called “gold findings.” Definition: Gold findings include small components like hooks, clasps, clamps, pins, screws used in jewelry. Reason for Hike: A surge of over […]