Additional Surveillance Mechanism

Context: Recently, The National Stock Exchange (NSE)  placed Adani Enterprises, Adani Ports, and Ambuja Cements under the additional surveillance mechanism (ASM), Reuters reported. This means trading in their shares will require a 100% margin, which is aimed at curbing speculation and shortselling. Relevance: GS III: Indian Economy Dimensions of the Article: Additional Surveillance Mechanism (ASM) […]

What Is Angel Tax?

Context: A recently proposed detail has Indian start-ups worried. These new age firms, that offer their shares to foreign investors, may have to pay ‘angel tax’, which was earlier only supposed to be paid for investments raised by resident Indian investors, as per a motion made in the Finance Bill, 2023. Relevance: GS III: Indian […]

New Policy of UPI for NRIs

Context: Recently, the National Payments Corporation of India (NPCI) paved the way for international (phone) numbers to be able to transact using UPI. Relevance: GS III: Indian Economy Dimensions of the Article: UPI Transactions for Non-Resident Accounts Definition of NRE and NRO Accounts: Benefits: Technological Changes: Discussion on Merchant Discount Rate (MDR) Concerns: What is […]

What is a unity mall?

Context: Finance Minister announced in the Budget that states would be encouraged to set up a “Unity Mall” in their capitals, their most prominent tourism centres, or their financial capitals. Relevnace: GS III: Indian Economy Dimensions of the Article: What is a unity mall? Ekta Mall: What is ODOP? What is GI? -Source: Indian express

New Tax Regime

Context: Finance Minister made five major announcements on personal income tax to benefit the “hard-working” middle class. She also said that while the new tax regime would be the default, tax payers could opt for the old one. Relevance: GS III: Indian Economy Dimensions of the Article: Details: New income tax slabs The new income […]

World Economic Outlook

Context: In its January update of the World Economic Outlook (WEO) report, the IMF has marginally improved the forecast for global growth in 2023 — a relief, given the fears of a global recession in 2023. The turnaround reflects “positive surprises and greater-than-expected resilience in numerous economies”. Relevance: GS III: Indian Economy Dimensions of the […]

Economic Survey 2023- Key Takeaways

Context: Recently, the government tabled the Economic Survey 2022-23. The Survey laid out the outlook for India’s growth, inflation and unemployment in the coming years. Relevance: GS III: Indian Economy Dimensions of the Article: What is the Economic Survey? What are the main takeaways this year? GDP growth: Inflation: Unemployment: Outlook for 2023-24 What does […]

World Economic Situation and Prospects 2023

Context: Recently, the United Nations has released a new report World Economic Situation and Prospects 2023, which stated that the Global Gross Domestic Product (GDP) is likely to drop to 1.9 % in 2023 from 3 % in 2022. Relevance: GS III: Indian Economy Dimensions of the Article: Report Findings: Inflation Recession Global Output Country […]

What is Gig Economy?

Context: On September 20, 2021, the Indian Federation of App-based Transport Workers, on behalf of gig workers, filed a public interest litigation in the Supreme Court demanding that the Union government provide succour to workers affected by the pandemic. Relevance: GS III- Indian Economy Dimensions of the Article: What is Gig Economy? Advantages of gig economy: Challenges related to Gig Economy: […]

Income Inequality in India: To What Extent Does Taxation Contribute?

Context Despite three decades of economic liberalisation, India is still a country of contrasts, with significant growth and success coexisting with persistent poverty and deprivation. Relevance: GS Paper-3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Mains Question Adopting progressive taxation systems, decentralising investments, encouraging women’s entrepreneurship, and establishing strong […]