What is a Fiscal council? Fiscal councils are independent public institutions aimed at strengthening commitments to sustainable public finances through various functions, including public assessments of fiscal plans and performance, and the evaluation or provision of macroeconomic and budgetary forecasts. …
What’s in the news? Ministry of Skill Development and Entrepreneurship (MSDE) launched ‘Atma Nirbhar Skilled Employee Employer Mapping (ASEEM)’ portal to help skilled people find sustainable livelihood opportunities. Apart from recruiting a skilled workforce, the Artificial Intelligence-based platform has been …
About Equalisation Levy The 2% equalisation levy was introduced in the 2020-21 Budget and came into effect from April 1. It is a direct tax levied on any purchase by an Indian or India-based entity through an overseas e-commerce platform. …
About AIIB The Asian Infrastructure Investment Bank (AIIB) is an international development bank that provides financing for infrastructure projects in Asia. Headquartered in Beijing, it began operations in 2016. It includes 102 members worldwide (India is a founder member of …