About Social Stock Exchange
Context: Recently, the National Stock Exchange of India received the final approval from the Securities and Exchange Board of India (SEBI) to set up a Social Stock Exchange (SSE). Relevance: GS III: Indian Economy Dimensions of the Article: What is a Social Stock Exchange? Eligibility How do NPOs raise money? How do FPOs raise money? […]
QR-Code Based Coin Vending Machine
Context: RBI Governor had stated during the last Monetary Policy Committee (MPC) address that the apex banking regulator, in collaboration with banks, would be launching a pilot project to assess the functioning of a QR-code based coin vending machine. Relevance: GS III: Indian Economy Dimensions of the Article: What is the project about? Coin Supply […]
International Intellectual Property (IP) Index 2023
Context: The U.S. Chambers of Commerce released the International Intellectual Property (IP) Index 2023, in which India was ranked 42nd out of 55 leading global economies. Relevance: GS III: Indian Economy Dimensions of the Article: What is International IP Index? About Intellectual Property Right Protection Where was intellectual property first recognized? How are intellectual property […]
Need for Stable Capital Flows
Context: As per the latest data released by the RBI, the current account deficit (CAD) widened to 4.4 per cent of GDP in the second quarter of 2022-23, down from 2.2 per cent in the preceding quarter. Relevance: GS Paper 3: Indian Economy and issues relating to planning, mobilisation of resources, growth, development and employment. Dimensions […]
What is Angel Tax?
Context: The Finance Bill 2023 has proposed some changes that will remove the exemption for foreign funds and non-resident investors, who will now have to pay Angel Tax on the difference between capital raised and the fair value of securities sold. Relevance: GS III: Indian Economy Dimensions of the Article: Angel Tax Why is Angel Tax Problematic? CBDT Notification on Angel Tax […]
GST Council 49th Meet
Context: Recently, the Goods and Services Tax (GST) Council in its 49th Meeting has reached consensus on the constitution of the GST Appellate Tribunal to resolve the rising number of disputes under the old indirect tax regime. Relevance: GS III- Indian Economy Dimensions of the Article: The key highlights of the GST meeting are: What […]
Special Rupee Vostro Accounts Arrangement
Context: Recently, government officials informed that 20 Russian banks, including Rosbank, Tinkoff Bank, Centro Credit Bank and Credit Bank of Moscow have opened Special Rupee Vostro Accounts (SRVA) with partner banks in India. Relevance: GS III: Indian Economy Dimensions of the Article: What is the SRVA arrangement? The SRVA arrangement is a supplementary system to […]
Utilizing Village Potential to Promote Rural Tourist Destinations
Context Agritourism, art and culture, ecotourism, wildlife, tribal tourism, and homestays are six niche experiences for visitors who want to travel to rural India that have been identified by the Central Nodal Agency for Rural Tourism and Rural Homestays (CNA – RT and RH), the coordinating body between the Center, States, and other stakeholders. Relevance […]
Draft RBI (Government Securities Lending) Directions 2023
Context: Recently, the Reserve Bank of India released Draft Reserve Bank of India (Government Securities Lending) Directions, 2023. Relevance: GS II: Indian Economy Dimensions of the Article: About Draft Reserve Bank of India (Government Securities Lending) Directions, 2023 What are G-Sec yields? -Source: Economic Times
UPI-PayNow linkage
Context: India’s real-time retail payment system Unified Payments Interface (UPI), which has allowed for quick digital payments through apps like BharatPe and Paytm, and its equivalent network in Singapore called PayNow, will be integrated to enable faster remittances between the two countries at a competitive rate. Relevance: GS III: Indian Economy Dimensions of the Article: […]