India’s Inclusion in Bloomberg EM Index Subject :Economy Section :External Sector Bloomberg Index Services Ltd (BISL) has proposed the inclusion of India’s Fully Accessible Route (FAR) bonds in the Bloomberg EM Local Currency Index. Boost to Foreign Portfolio Investments (FPIs): India’s imminent inclusion in the Bloomberg Emerging Market (EM) Index is anticipated to […]
GDP Estimate Subject : Economy Section: Indian Economy and National Income India’s GDP estimates for the current financial year (2023-24) based on the First Advance Estimates (FAEs) released by the government. Here are the key points: GDP Growth Estimate: The FAEs project that India’s GDP will grow by 7.3% in the current financial […]
Inclusion of India’s Fully Accessible Route (FAR) Bonds in Bloomberg Emerging Market Local Currency Index Subject : Economy Section: External Sector The Indian government’s Fully Accessible Route (FAR) bonds to be included in Bloomberg EM Local Currency Index. Inclusion Details: FAR bonds included with an initial weight of 20 per cent of their […]
Fake Invoices under GST Subject : Economy Section: Fiscal policy The Finance Ministry has undertaken a nationwide drive to identify fake firms and detect Goods and Services Tax (GST) evasion. Results of the Drive: Over 29,000 fake firms were identified during the special drive. The detected fake firms were involved in suspected Input […]
Individual income inequality fell during FY 2014 – 2022 Subject : Economy Section: Indian Economy The economic research department of the State Bank of India (SBI) has reported a significant decline in individual income inequality in India from fiscal year 2014 to fiscal year 2022. The decline is attributed to a “great migration” […]
SEBI Announces Disclosure Norms for Short Sale Transactions Subject: Economy Section: Capital Market The Securities and Exchange Board of India (SEBI) has issued new guidelines pertaining to the disclosure of short-sale transactions by institutional and retail investors. The move comes in the wake of a Supreme Court directive to investigate alleged Adani Group […]
Key Points from the Agriculture and Commodity Summit 2024 Subject: Economy Section: Indian Economy and National Income Call for Increased Private Investments: Urged a Fivefold increase in private investments in agriculture by 2030, targeting of 10%, current is 2%. Emphasis on diversifying farmer income beyond traditional crops. Focus on Industrial Needs: Farmers encouraged […]