Indian bourses now fourth-largest with combined stock value of $4.33 trillion Subject :Economy Section: Capital Market Context: The Indian stock market surpassed Hong Kong to become the fourth largest equity market for the first time even as domestic indices fell 1.5 per cent on Tuesday. More on news: According to a Bloomberg report, […]

    Direct tax-GDP ratio rose to 15-year high in FY23, tax buoyancy dipped Subject :Economy Section: Fiscal Policy Context: Direct tax-to-GDP ratio, which reflects the share of taxes in the overall output generated in the country, rose to a 15-year high of 6.11 per cent in the financial year 2022-23. More on news: The […]

    Status of Education and Health Expenditure in India Subject: Economy Section: Public finance Education Expenditure: Despite high priority accorded, the share of education in total expenditure by the Centre is yet to reach the high of FY 2019-20. Data from the Economic Survey (2022-23) reveals that the share of education in General Government […]

    Status of RoDTEP Scheme and US Anti-subsidy Duties Subject: Economy Section: External Sector Scheme Overview: The popular Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exporters in India is not set to be reworked by the Centre. US Antisubsidy Duties Imposition: Despite the US government imposing ant subsidy duties against […]

    Expansion of Activities at International Financial Services Centre (IFSC) Subject: Economy Section: Monetary Policy Government’s Decision: The government has expanded the scope of activities permissible at the International Financial Services Centre (IFSC). Inclusion of Services: A gazette notification issued by the Ministry of Finance has included additional services as part of financial services […]

    Foreign Portfolio Investors (FPIs) Withdraw from Debt VRR Segment: Reasons and Impact Subject: Economy Section: External sector Withdrawal Amount: FPIs have pulled out ₹8,089 crore from the debt Voluntary Retention Route (VRR) segment after four consecutive years of inflows. Reasons for Withdrawal: Lack of Investment Opportunities: FPIs cite a dearth of opportunities to […]