Money Laundering laws will now cover Cryptocurrency Trade
Context: The government has imposed the Prevention of Money-laundering Act, 2002 on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. Relevance: GS III- Indian Economy Dimensions of the Article: What are cryptocurrencies? How are they different from actual currency? How do cryptocurrencies derive their value? Prevention of Money Laundering Act […]
SWAMIH Investment Fund
Context: The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I has raised Rs 15,530 crore so far to provide priority debt financing for the completion of stressed, brownfield and Real Estate Regulatory Authority (RERA)-registered residential projects that fall in the affordable, mid-income housing category. Relevance: GS III: Indian Economy Dimensions of the […]
About Vibrant Village Programme
Focus: GS III- Indian Economy (Infrastructure) Why in News? Union Minister for Environment, Forest & Climate Change, and Labour & Employment said that under the leadership of Prime Minister border villages will be developed comprehensively through the Vibrant Villages Programme and said that stronger border villages will lead to a stronger nation. About Vibrant Village […]
Sovereign Gold Bond Scheme
Focus: GS II- Indian Economy Why in News? Recently the Finance Ministry said that the Sovereign Gold Bonds (SGBs) 2022-23-Series IV will open for subscription during the period March 06-10, 2023. About Sovereign Gold Bond Scheme (SGB) Benefits of Sovereign Gold Bond
About Social Stock Exchange
Context: Recently, the National Stock Exchange of India received the final approval from the Securities and Exchange Board of India (SEBI) to set up a Social Stock Exchange (SSE). Relevance: GS III: Indian Economy Dimensions of the Article: What is a Social Stock Exchange? Eligibility How do NPOs raise money? How do FPOs raise money? […]
QR-Code Based Coin Vending Machine
Context: RBI Governor had stated during the last Monetary Policy Committee (MPC) address that the apex banking regulator, in collaboration with banks, would be launching a pilot project to assess the functioning of a QR-code based coin vending machine. Relevance: GS III: Indian Economy Dimensions of the Article: What is the project about? Coin Supply […]
International Intellectual Property (IP) Index 2023
Context: The U.S. Chambers of Commerce released the International Intellectual Property (IP) Index 2023, in which India was ranked 42nd out of 55 leading global economies. Relevance: GS III: Indian Economy Dimensions of the Article: What is International IP Index? About Intellectual Property Right Protection Where was intellectual property first recognized? How are intellectual property […]
Need for Stable Capital Flows
Context: As per the latest data released by the RBI, the current account deficit (CAD) widened to 4.4 per cent of GDP in the second quarter of 2022-23, down from 2.2 per cent in the preceding quarter. Relevance: GS Paper 3: Indian Economy and issues relating to planning, mobilisation of resources, growth, development and employment. Dimensions […]
What is Angel Tax?
Context: The Finance Bill 2023 has proposed some changes that will remove the exemption for foreign funds and non-resident investors, who will now have to pay Angel Tax on the difference between capital raised and the fair value of securities sold. Relevance: GS III: Indian Economy Dimensions of the Article: Angel Tax Why is Angel Tax Problematic? CBDT Notification on Angel Tax […]
GST Council 49th Meet
Context: Recently, the Goods and Services Tax (GST) Council in its 49th Meeting has reached consensus on the constitution of the GST Appellate Tribunal to resolve the rising number of disputes under the old indirect tax regime. Relevance: GS III- Indian Economy Dimensions of the Article: The key highlights of the GST meeting are: What […]