About Interest Equalisation Scheme
Context: The Department of Commerce has extended the Interest Equalisation Scheme for pre- and post-shipment rupee export credit for Micro, Small and Medium-scale (MSME) exporters till August 31. Relevance: GS III: Indian Economy About Interest Equalisation Scheme: -Source: The Hindu
Venture Capital and Private Equity Drive Growth Globally
Context: In recent years, venture capital (VC) and private equity (PE) have become significant drivers of global innovation and economic growth. This trend marks a crucial transformation in the financial sector, reshaping industries and promoting entrepreneurship in unprecedented ways. Relevance: GS3- Growth and Development Mains Question: Venture capital (VC) and private equity (PE) reshape industries […]
About Priority Sector Lending (PSL)
Context: The RBI recently revised its priority sector guidelines to encourage banks to provide small loans in economically disadvantaged districts with low average loan sizes. Relevance: GS III: Indian Economy About Priority Sector Lending (PSL): -Source: The Hindu
Government Considers New Bank for MSME Lending
Context: The government is evaluating a proposal to establish a separate bank dedicated to direct lending for micro, small, and medium enterprises (MSMEs). This initiative aims to enhance credit availability in this under-served sector, thereby stimulating economic activity and job creation. Relevance: GS III: Indian Economy Dimensions of the Article: New Bank to Bridge Credit […]
About GST Council In India
Context: The GST Council recently announced various recommendations relating to taxation, ITC claims and demand notices. Relevance: GS III: Indian Economy Dimensions of the Article: About GST Council Matters on which GST Council makes recommendations
Criticism of 2023 Amendments and Broadened Scope of Angel Tax
Context: Recent amendments in 2023 and the broadened scope of the Angel tax have faced criticism due to a significant downturn in startup funding and the resulting job losses. Relevance: GS III: Indian Economy Dimensions of the Article: What is Angel Tax? Expansion Under Finance Act, 2023: Funding Winter and Job Losses: Industry Perspective on […]
India’s Rise as a Strategic Intellectual Hub
Context: In recent years, India’s transformation from a back-office service provider to a strategic intellectual hub for Multinational Corporations (MNCs) has been driven by the rise of Global Capability Centers (GCCs). GCCs are offshore units established by MNCs to perform strategic functions using specialized talent, cost advantages, and operational efficiencies in different locations worldwide. Relevance: […]
Global Economic Prospects Report
Context; According to the recently released Global Economic Prospects Report by the World Bank, India is predicted to remain the fastest-growing major economy globally, with a projected GDP growth rate of 6.6% for FY25. Relevance: GS III: Indian Economy Dimensions of the Article: Global Findings: South Asian Region (SAR) Findings: India-Specific Findings: Risks to the Global Economy Identified in […]
Growth in Coal-Fired Thermal Capacity and Alleged Misrepresentation of Coal Quality
Context: According to the data on NITI Aayog’s energy dashboard, India’s coal-fired thermal capacity grew to 218 GW in FY24 from 205 GW in FY20, marking a 6% growth. Additionally, a recent report alleges that in 2014, a company misrepresented low-grade Indonesian coal as high-quality and sold it to a public power generation company in […]
About Authorised Economic Operator (AEO) Programme
Context: Recently, the gem and jewellery sector has been granted Authorised Economic Operator (AEO) status by the Ministry of Finance, easing export-import processes with shorter cargo release times and reduced bank guarantees. Relevance: GS III: Indian Economy Dimensions of the Article: About Authorised Economic Operator (AEO) Programme Overview of the AEO Programme Benefits of AEO Status Eligibility […]