IS ECONOMY RECOVERING WITH EASING OF LOCKDOWN OR SINKING?
Focus: GS-III Indian Economy Why in news? Most high frequency indicators suggest a sequential recovery until June 2020, with a flattening in July. The latest Consumer Confidence Survey (CCS) of the Reserve Bank of India shows that people believe that the economic situation was much worse in July than in May when compared to year-ago […]
INTERNATIONAL YOUTH DAY
Focus: GS-III Indian Economy Why in news? Union Home Minister conveyed greetings to mark the International Youth Day. International Youth Day (IYD) International Youth Day (IYD), observed on August 12, is an awareness day designated by the UN. The purpose of the day is to draw attention to a given set of cultural and legal […]
TRANSPARENT TAXATION – HONORING THE HONEST
Focus: GS-III Indian Economy Why in news? Prime Minister will launch the platform for “Transparent Taxation – Honoring the Honest”. Introduction and Background The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws. The Central Board of Direct Taxes (CBDT) has carried out several major […]
INDIA’S IMPORTS FROM CHINA RISE
Focus: GS-III Indian Economy Why in news? India’s imports from China have risen to $5.6 billion in July 2020, rising for 2 months in a row. Details Although imports from China are still down by almost 25% from 2019, the imports from China have been rising in the past two months. India’s imports from China, […]
‘LOAN RECAST TO AID SMALL FIRMS, RETAIL BORROWERS’
Focus: GS-III Indian Economy Why in news? Crisil ratings said that the Reserve Bank of India’s (RBI’s) decision to allow one-time loan restructuring will help soften the COVID-19 pandemic’s impact on banks’ asset quality Details of what Crisil Said? The loan restructuring scheme by RBI the gross non-performing assets will now likely be considerably below […]
SC QUESTIONS SPECTRUM SALE BY AILING TELCOS
Focus: GS-III Indian Economy Why in news? The Supreme Court has questioned the sale of spectrum by bankrupt telcos (Telecommunication Companies) Reliance Communications and Aircel, and sought to know from the government how it plans to recover Rs. 43,000 crores of AGR dues from these companies if all their assets were sold off in the […]
HONG KONG STOPOVER LEAVES MNCS IN INDIA STRANDED
Focus: GS-III Indian Economy Why in news? New government procurement rules (apparently targeted at Chinese companies) is affecting multinationals using regional headquarters in Hong Kong to set up operations in India or do business in India. How has the government changed the procurement rules? The Government of India amended the General Financial Rules 2017 to […]
REPORT OF THE COMMITTEE ON BUSINESS RESPONSIBILITY REPORTING
Focus: GS-III Indian Economy Why in news? Secretary, Ministry of Corporate Affairs (MCA) released the ‘Report of the Committee on Business Responsibility Reporting (BRR)’. Highlights Indian companies are aspiring to have global foothold and thus they cannot ignore the emerging trend of Corporate Governance i.e. Responsible Business. Due to increasing trends of Environmental, Social and […]
REDUCING IMPORTS FROM CHINA
Focus: GS-III Indian Economy Why in news? According to a study – just 327 products — ranging from mobile phones and telecom equipment to cameras, solar panels, airconditioners and penicillin — accounted for nearly three fourths of the imports from China. The study also pointed out that it is possible to find alternative sources to […]
ONLINE DISPUTE RESOLUTION FOR EASE OF DOING BUSINESS
Focus: GS-III Indian Economy Why in news? NITI Aayog held a conversation with heads of legal firms and industry representatives to explore the massive potential of Online Dispute Resolution (ODR) to enhance the Ease of Doing Business in India. Recognising the essence of ODR, CII has been undertaking a plethora of initiatives such as setting […]