GST Compensation Cess

GST Compensation Cess

Context: The Centre has extended the time for levy of GST compensation cess by almost four years till March 31, 2026. Relevance: GS-III: Indian Economy (Taxation, Government Policies and Initiatives) Dimensions of the Article: What is GST? What is GST Compensation Cess? Issue with GST Compensation Cess What is GST? GST is a destination-based indirect […]

What Are Cooperative Banks?

Context: Recently, the Minster of Home Affairs and Cooperation has addressed a conclave, organised by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB), emphasising the needed Reforms for Urban Cooperative Banks (UCB). Relevance: GS-III: Indian Economy (Banking) Dimensions of the Article: What are Cooperative Banks? Structure of co-operative banks in India Importance of […]

About Open Network for Digital Commerce

Focus: GS III- Indian Economy Why in News? The Union Minister of Commerce & Industry chaired a Advisory Council Meeting of the Open Network for Digital Commerce (ONDC) initiative of DPIIT. About Open Network for Digital Commerce (ONDC) project The Open Network for Digital Commerce (ONDC) is a project which is an initiative of the […]

Open Network For Digital Commerce

Context: The government of India announced the launch of the pilot phase of open network for digital commerce (ONDC) in five cities in late April with an aim to “democratise” the country’s fast growing digital e-commerce space that is currently dominated by the two U.S.-headquartered firms — Amazon and Walmart. Relevance: GS III- Indian Economy […]

High Inflation – ‘A Major Concern’

Context: Reserve Bank of India (RBI) Governor Shaktikanta Das has said as “high inflation continues to be the major concern. Relevance: GS-III Indian Economy Dimensions of the Article: Key Points About Monetary Policy Committee (MPC) Repo rate Reverse Repo rate Key Points: The Governor of RBI said that “high inflation continues to be the major […]

Production-Linked Incentive (PLI) Scheme

Context: The Department of Telecommunications (DoT) has extended the production-linked incentive (PLI) scheme for telecom by one year, and has amended the scheme to raise the incentive rate by an additional 1 per cent, aimed towards incentivising design-led manufacturing in the sector. Relevance: GS III- Indian Economy Dimensions of the Article: Details What is a […]

Black Swan Event

Context: A study by the Reserve Bank of India (RBI) has spoken about the possibility of capital outflows to the tune of $100 billion (around Rs 7,80,000 crore) from India in case of a major global risk scenario or a “black swan” event. Relevance: GS III- Indian Economy Dimensions of the Article: What is a […]

WTO Ministerial Conference

WTO Ministerial Conference

Context: Recently, member countries of the World Trade Organization (WTO) wrapped up the Ministerial Conference’s twelfth outing (MC12) securing agreements on relaxing patent regulations to achieve global vaccine equity; ensuring food security, according subsidies to the fisheries sector and continuing moratoriums relevant to e-commerce, among others. Relevance: GS III- Indian Economy Dimensions of the Article: […]

World Competitiveness Index 2022

Context: Recently, the annual World Competitiveness Index was released by the Institute for Management Development (IMD). IMD is a Swiss foundation, based in Switzerland, dedicated to the development of international business executives at each stage of their careers Relevance: GS III- Indian Economy Dimensions of the Article: World Competitiveness Yearbook (WCY) Highlights of the Index India’s […]

The Reasons Behind the Crashing Crypto Market

Context Bitcoin and many other cryptocurrencies have been crashing since they hit an all-time high late last year. Bitcoin has lost more than two-thirds of its value since it hit a peak of around $69,000 in November last year and is currently trading at around the $22,000 mark. Ethereum, another cryptocurrency popular among investors, has […]