REPAYMENT OF GS2020
Why in news? Date for repayment of the outstanding balance under ’8.27% Government Security 2020’ was released. What is a Government Security? A Government Security (G-Sec) is a Government Issued (Central or State) Tradeable Instrument. G-Sec is a debt obligation of the government to fund their fiscal deficit, i.e., it acknowledges the debt obligation of the […]
QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION
Why in news? The Quick Estimates of Index of Industrial Production (IIP) is released on 12th of every month (or previous working day) with a six weeks lag and compiled with data received from source agencies. For the month of March 2020, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands […]
PRICE MOVEMENT OF CONSUMER PRICE INDEX
Why in news? The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is releasing Price Movement of selected Sub-Groups/Groups of Consumer Price Index (CPI). The Price data are usually collected from selected 1114 urban markets and selected 1181 villages through personal visits by field staff of Field Operations Division of NSO, MoSPI on […]
SECTION 6 OF THE INCOME-TAX ACT, 1961
What is Section 6 of the Income-Tax Act, 1961 Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to residency of a person. The status of an individual is dependent on the period for which the person is in India during a year – to decide as to whether he is resident in […]
INR – USD FUTURES AND OPTIONS CONTRACTS
Why in news? Union Minister for Finance & Corporate Affairs launched INR-USD Futures and Options contracts on the two International Exchanges, viz BSE’s India INX and NSE’s NSE-IFSC, at GIFT International Financial Services Centre at Gandhinagar. Background: What are futures? Futures are contracts made between two parties wherein they agree to buy or sell a […]
GOVT MULLS ON BRINGING IMPORT SUBSTITUTION POLICY
Why in news? Government is thinking about bringing an import substitution policy in the wake of the new economic situation created by COVID-19 pandemic. Details: The Minister emphasized that special focus towards export enhancement is the need of the hour and necessary practices shall be adopted to reduce Power cost, Logistics cost and Production cost […]
INDIA’S REVIVAL PLAN MUST FOCUS ON CITIES
Introduction The country needs a strong structural shift into organized manufacturing and away from its burden on the agricultural sector. The role of urban spaces across India will be key in this transition. Cities are hubs of economic activity and growth, and they increase productivity through the creation of agglomeration economies. Why should the focus […]
FIVE WAYS HOW BLOCKCHAIN TECHNOLOGY CAN AID RECOVERY
Introduction to rise of Blockchain Technology Fuelled by the unceasing hype around Bitcoin and cryptocurrency, blockchain has been regarded as the silver bullet solution for everything—hacking, threats to democracy, poverty and world hunger. 5 ways in which Blockchain Tech can help mitigate the COVID crisis: I – Building more resilient supply chains An end-to-end supply […]
ARE INDIA’S LABOUR LAWS TOO RESTRICTIVE?
Why in news? Some State governments including Uttar Pradesh (U.P.) and Madhya Pradesh (M.P.) have proposed ordinances to exempt manufacturing establishments from the purview of most labour laws. Are the Labour Law Exemption ordinances justified? Three Issues: The kind of changes that have been made, they potentially will hurt, will dis-enable the realisation of the […]
NIRBHARTA STARTS AT HOME
Introduction The first instalment of the Rs. 20 Trillion (Lakh Crores) package of measures announced by the finance minister on 13th May 2020 is an important major step towards keeping the economy afloat (instead of revive). Not all of the Rs. 20 Lakh Crores constitute extra fiscal expenditure. They include extra expenditures, loans, loan guarantees and […]