Production Linked Incentive (PLI) Scheme for White Goods
Focus: GS III- Indian Economy Why in News? Nineteen companies have filed applications for Production Linked Incentive (PLI) Scheme for White Goods (ACs and LED Lights) in the 2nd Round of Applications with committed investments of Rs 1,548 crore. Key points: The prime objective of the PLI scheme is to make manufacturing in India globally competitive by removing sectoral […]
Revamped FAME-II scheme
Focus: GS III- Indian Economy (Infrastructure) Why in News? Price Bids of the Grand Challenge tender process under the remodeled FAME II scheme for electric buses were opened by Ministry of Heavy Industries About FAME-II FAME India is a part of the National Electric Mobility Mission (NEMM) Plan. Main thrust of FAME is to encourage electric vehicles […]
Direct Tax Collections Surge in FY22
Context: India’s net direct tax collections amounted to ₹14,09,640.83 crore for FY22, which is the highest collection ever, signaling that the Indian economy has bounced back after two years of the pandemic. Relevance: GS III- Indian Economy Dimensions of the Article: Details About Direct Tax in India About Central Board of Direct Taxes (CBDT) Details: […]
India 3rd Highest Military Spender
Context: World military spending continued to grow in 2021, reaching a record $2.1 trillion despite the economic fallout of the pandemic, according to new data on global military spending published by the Stockholm International Peace Research Institute (SIPRI). Relevance: GS III- Indian Economy (Issues relating to planning, mobilization of resources) Dimensions of the Article: Top […]
Addressing The Digital Tax Challenge
Context Over the past four years, 137 countries have engaged intensively with the OECD to find a solution to the tax challenges arising from digitalization. Like any international agreement, finding a middle ground has been difficult and a series of compromises have been made. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of […]
Special Purpose Acquisition Companies
Context: The government is reportedly considering a regulatory framework for special purpose acquisition companies (SPACs) to lay the ground for the possible listing of Indian companies through this route in the future. According to reports, the Company Law Committee, which was set up in 2019 to make recommendations to boost ease of doing business in […]
Freebies are a Passport to Fiscal Disaster
ontext Against the backdrop of promises of freebies in Punjab, this article deals with the harm caused by such freebies to the economy, life quality and social cohesion in the long run. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment Dimensions of the Article Macroeconomic Stability of the Union […]
Ude Desh Ka Aam Naagrik (UDAN)
Focus: GS III- Indian Economy Why in News? The Ministry of Civil Aviation (MoCA) flagship Regional Connectivity Scheme UDAN (UdeDeshkaAamNagrik) has been awarded Prime Minister’s Award for Excellence in Public Administration 2020 under the category “Innovation (General) – Central”. About Ude Desh Ka Aam Naagrik (UDAN): Nodal: Ministry of Civil Aviation (MoCA) It is an innovative […]
Cryptos and CBDCs are not the same thing
Context Cryptocurrency will be discouraged via taxation and capital gains provisions. This was the message from the Finance Minister during the Budget discussion in Parliament. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article Growing worry about the Cryptocurrencies Crypto as Currency Why CBDC is not […]
RoDTEP Scheme
Context: Recently, the government had left out sectors such as iron and steel, chemicals and pharmaceuticals, from the Remission of Duties and Taxes on Export Products (RoDTEP) scheme. These sectors were omitted from the scheme, as iron and steel were ‘already booming’ and the pharma industry’s business had also increased during the pandemic. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Taxation) […]