The Free Fall of The Rupee
Context: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar. Relevance: GS III- Indian Economy Dimensions of the Article: What is happening with the rupee? What determines the rupee’s value? What is Currency […]
Govt. Hikes GST For Household Items
Context: The Goods and Services Tax (GST) Council has decided to hike and lower GST on certain commodities. Relevance: GS III- Indian Economy Dimensions of Article: Details What is GST? What are GST Slabs? Details From July 18, tax hikes will kick in for over two dozen goods and services, ranging from unbranded food items, […]
Primary Agricultural Credit Society
Context: The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to digitise around 63,000 primary agricultural credit societies (PACS). Relevance: GS III- Indian Economy Dimensions of the Article: About primary agricultural credit societies Objectives of PACS Functions of PACS Why need digitization? About primary agricultural credit societies: PACS is the smallest cooperative credit […]
GST Council
Context: The 47th meeting of the Goods and Services Tax Council began in Chandigarh, almost marking five years of the tax system coming into effect on July 1, 2017. Relevance: GS III- Indian Economy Dimensions of the Article: What is GST? GST Council What has changed this time? What is GST? GST is a destination-based […]
GST Compensation Cess
Context: The Centre has extended the time for levy of GST compensation cess by almost four years till March 31, 2026. Relevance: GS-III: Indian Economy (Taxation, Government Policies and Initiatives) Dimensions of the Article: What is GST? What is GST Compensation Cess? Issue with GST Compensation Cess What is GST? GST is a destination-based indirect […]
What Are Cooperative Banks?
Context: Recently, the Minster of Home Affairs and Cooperation has addressed a conclave, organised by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB), emphasising the needed Reforms for Urban Cooperative Banks (UCB). Relevance: GS-III: Indian Economy (Banking) Dimensions of the Article: What are Cooperative Banks? Structure of co-operative banks in India Importance of […]
About Open Network for Digital Commerce
Focus: GS III- Indian Economy Why in News? The Union Minister of Commerce & Industry chaired a Advisory Council Meeting of the Open Network for Digital Commerce (ONDC) initiative of DPIIT. About Open Network for Digital Commerce (ONDC) project The Open Network for Digital Commerce (ONDC) is a project which is an initiative of the […]
Open Network For Digital Commerce
Context: The government of India announced the launch of the pilot phase of open network for digital commerce (ONDC) in five cities in late April with an aim to “democratise” the country’s fast growing digital e-commerce space that is currently dominated by the two U.S.-headquartered firms — Amazon and Walmart. Relevance: GS III- Indian Economy […]
High Inflation – ‘A Major Concern’
Context: Reserve Bank of India (RBI) Governor Shaktikanta Das has said as “high inflation continues to be the major concern. Relevance: GS-III Indian Economy Dimensions of the Article: Key Points About Monetary Policy Committee (MPC) Repo rate Reverse Repo rate Key Points: The Governor of RBI said that “high inflation continues to be the major […]
Production-Linked Incentive (PLI) Scheme
Context: The Department of Telecommunications (DoT) has extended the production-linked incentive (PLI) scheme for telecom by one year, and has amended the scheme to raise the incentive rate by an additional 1 per cent, aimed towards incentivising design-led manufacturing in the sector. Relevance: GS III- Indian Economy Dimensions of the Article: Details What is a […]