About The Annual Survey of Industries
Context: The Ministry of Statistics and Programme Implementation (MoSPI) recently released the Annual Survey of Industries (ASI) for 2022-23. Relevance: GS III: Indian Economy Dimensions of the Article: What is the Annual Survey of Industries (ASI)? Objectives: Coverage of the Survey: Significance: Highlights of the Annual Survey of Industries (ASI) for 2022-23: -Source: Indian Express
About The GST Compensation Cess
Context: The Goods and Services Tax (GST) Council recently set up a 10-member GoM to decide on the taxation of luxury, sin, and demerit goods once the compensation cess ends in March 2026. Relevance: GS III: Indian Economy GST Compensation Cess The GST Compensation Cess is imposed under Section 8 of The Goods and Services Tax (Compensation […]
Global Innovation Index 2024
Context: The Prime Minister has expressed pride for Indian Innovators as India climbs to the 40th rank in the Global Innovation Index of World Intellectual Property Organization (WIPO). Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Issues related to Development, Important International Organizations and their reports) Dimensions of the Article: What is Global […]
World Tourism Day 2024
Context: The Ministry of Tourism marked World Tourism Day on September 27th, 2024, under the theme “Tourism and Peace.” This theme emphasizes the role of tourism in fostering global peace through the enhancement of cross-cultural interactions and understanding. Relevance: GS III: Inclusive Growth Dimensions of the Article: The Importance of World Tourism Day: Linking Tourism […]
About The Dispute Resolution Scheme
Context: The Central Board of Direct Taxes (CBDT) has introduced the Dispute Resolution Scheme (e-DRS), 2022, as a streamlined and efficient platform for taxpayers to resolve their income tax disputes. Relevance: GS III: Indian Economy Dispute Resolution Scheme Eligibility Criteria Dispute Resolution Committees (DRCs) -Source: The Hindu
The NCrF as a Framework for well-rounded education
Context: The National Credit Framework (NCrF) is a transformative initiative under India’s National Education Policy (NEP) 2020, aimed at modernizing the education system. It emphasizes a multidisciplinary approach, the flexibility of learning, and vocational training to equip students with the necessary skills for a rapidly evolving job market. This approach moves away from the conventional focus on academics alone, encouraging institutions […]
Real Estate Investment Trusts
Context: The Indian REITs Association (IRA) recently launched Data Benchmarking Institutions (DBIs) to provide investors with detailed information on real estate investment trusts (REITs). Relevance: GS III: Indian Economy Real Estate Investment Trusts (REITs): REITs in India: -Source: The Hindu
What is a Windfall Tax
Context: The government recently slashed the windfall tax on domestically produced crude oil to ‘nil’ per tonne. Relevance: GS III: Indian Economy Dimensions of the Article: What is a windfall tax? Why are countries levying windfall taxes now? -Source: The Hindu
Harnessing India’s Demographic Dividend for Sustainable Economic Growth
Context: India is the fastest-growing major economy, and its demographic advantage is a key driver of this rise. With a median age of 28 years and 63% of the population in the working-age group, India stands at a pivotal moment where it can leverage this young, dynamic population to fuel long-term economic growth. However, challenges like low labor force participation, skill […]
India Promotes Digital Public Infrastructure at G20 Presidency
Context: India utilized its presidency of the G20 to champion Digital Public Infrastructure (DPI) as a crucial mechanism for promoting inclusive and sustainable development. This initiative underscores the country’s commitment to leveraging technological innovation to drive developmental agendas on a global scale. Relevance: GS III: Indian Economy Dimensions of the Article: About Digital Public Infrastructure […]