Limited Liability Partnership (Amendment) Bill 2021
Context: The Rajya Sabha passed the Limited Liability Partnership (Amendment) Bill 2020 which seeks to amend the Limited Liability Partnership Act of 2008. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Inclusive Growth), GS-II: Governance (Government Interventions and policies) Dimensions of the Article: What is Limited Liability Partnership (LLP)? Limited Liability Partnership (Amendment) […]
How IMF growth forecast will impact monetary policy?
Context: The latest update on the global economy by the International Monetary Fund (IMF) cut India’s GDP growth forecast for 2021-22 (or FY22) by as much as three percentage points. This is set to affect the upcoming monetary policy review by the Monetary Policy Committee of the Reserve Bank of India. Relevance: GS-III: Indian Economy […]
PM Modi launches digital payment solution e-RUPI
Context: Prime Minister Narendra Modi launched digital payment solution e-RUPI, a person and purpose specific cashless digital payment solution, via videoconference. Relevance: Prelims, GS-III: Science and Technology (IT & Computers), GS-III: Indian Economy (Mobilization of Resources, Growth and Development of Indian Economy) Dimensions of the Article: About e-RUPI How will these vouchers be issued? What […]
GST collections recover to Rs. 1.16 lakh crore in July
Context: India’s gross GST revenues in July recovered sharply to more than Rs. 1.15 lakh crores after slipping below the ₹1 lakh crore mark for the first time in eight months in June 2021. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Taxation) Dimensions of the Article: About the recent trend […]
SEBI urges peers to rethink bond market curbs
Context: SEBI has urged the RBI, IRDAI and PFRDA to relax investment restrictions. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Capital Market) Dimensions of the Article: About SEBI’s recent requests to its peers The Need to boost Bond markets: inadequacy of current provisions About SEBI About SEBI’s recent requests to its peers […]
Bill on insurance firms introduced
Context: Amid the din, the government introduced the General Insurance Business (Nationalisation) Amendment Bill in the Lok Sabha. Relevance: Prelims, GS-III: Indian Economy (Growth and Development of Indian Economy, Government Policies and Interventions) Dimensions of the Article: General Insurance Business (Nationalisation) Amendment Bill General Insurance Business (Nationalisation) Amendment Bill The General Insurance Business (Nationalisation) Amendment […]
Insolvency and Bankruptcy Code (Amendment Bill), 2021
Context: The Insolvency and Bankruptcy Code (Amendment Bill), 2021 was passed in the Lok Sabha (without any discussions due to disruptions). Relevance: GS-III: Indian Economy (Banking Sector & NBFCs, Growth & Development of Indian Economy), GS-II: Governance (Government Policies and Initiatives) Dimensions of the Article: Insolvency and Bankruptcy Code (IBC), 2016 Insolvency and Bankruptcy Code […]
Oxygen for fiscal federalism: On GST Compensation
Context: At the time of introducing the new indirect tax regime, the Goods and Services Tax (GST) law assured States a 14% increase in their annual revenue for five years (up to July 1, 2020). But the Union government has deviated from the statutory promise and has been insisting that States avail themselves of loans. […]
Lok Sabha passes two bills
Context: The Lok Sabha passed two bills by voice vote without discussion, amid multiple adjournments and continued protests by the Opposition — the Factoring Regulation (Amendment) Bill, 2020, and the National Institutes of Food Technology, Entrepreneurship and Management Bill, 2021. Relevance: GS-II: Polity and Governance (Government Policies and Interventions), GS-III: Indian Economy (Growth and Development […]
US’s 2021 Investment Climate Statements: India
Context: U.S. said that India remains a challenging place to do business while praising the structural economic reforms extended by India during the pandemic in its report titled ‘2021 Investment Climate Statements: India’. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Mobilization of Resources, Liberation and Planning of Indian Economy), GS-II: International Relations […]