Gold Import in India Subject: Economy Section: External Sector Amendments to Gold Import Policy: Boosting India-UAE Trade Policy Adjustment: The Centre has made amendments to the gold import policy to enhance trade between India and the UAE. Specific Changes by DGFT: The Directorate General of Foreign Trade (DGFT) has granted permission for gold […]
Banking system in India is experiencing a notable liquidity deficit Subject: Economy Section: External Sector Context: The banking system in India is experiencing a notable liquidity deficit, reaching a five-year high on November 22. Several factors contribute to this liquidity squeeze: GST Outflows: Heavy outflows are attributed to goods and services tax (GST) […]
India’s Export Schemes Subject : Economy Section: External Sector Context: India faces ongoing challenges with export promotion schemes, as major trade partners like the EU and US impose counter vailing duties, viewing them as subsidies Challenges: WTO Incompatibility: India faces challenges with export promotion schemes as major trade partners impose countervailing duties, viewing them […]
GST officers bust 48 fake firms availing fraudulent ITC of over ₹199 crore Subject: Economy Section: Fiscal policy Context: The Central Goods and Services Tax (CGST), Delhi East Commissionerate, commenced coordinated ‘Operation Clean Sweep’ against fake billers, based on gathered human intelligence, which was further developed through data mining and data analysis Concept: […]
The other oil imports India needs to worry about Subject : Economy Section: External sector Context: India’s edible oil imports have risen almost 1.5 times and more than doubled in rupee value terms during the last 10 years. Details: Imports of vegetable oils touched a record 16.5 million tonnes (mt) in the year […]
FTA – India and UK Subject : Economy Section: External sector Key Points: Rules of Origin for Medical Devices: Finalizing rules of origin for the medical devices sector is a significant challenge in the proposed Free Trade Agreement (FTA) between India and the UK. Importance of the Medical Devices Sector in India: India […]
Futures and Options (F&O) – Meaning, Types, Difference Subject : Economy Section: Capital Market SEBI Chairperson, Madhabi Puri Buch, expressed surprise at the continued participation in F&O trading despite high odds against traders. SEBI’s study indicated that nine out of 10 individual traders in the equity F&O segment incurred net losses. Investment Perspective: […]