What is a windfall tax? A windfall tax is a higher tax rate levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. So when any industry, in this case-oil and gas- benefits from …
What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …
What’s in the news? To protect and promote Intellectual Property Rights (IPR) of Startups and to encourage innovation and creativity among them, Government of India had launched a Scheme for facilitating Start-Ups Intellectual Property Protection (SIPP) in 2016. The scheme …
About Ransomware is a type of malicious software, used by cyber criminals, to infect a computer system by blocking access to the stored data by encrypting the files. A ransom is then demanded from the owner in exchange for the …
About ICI The monthly Index of Eight Core Industries (ICI) is a production volume index. The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature. These industries are likely to impact …
Context Reserve Bank of India (RBI) has announced the launch of India’s much-awaited Central Bank Digital Currency (CBDC) for retail users. Issues with Cryptocurrencies A cryptocurrency like bitcoin is a cryptography-based peer-to-peer electronic cash system, founded on blockchain and distributed …
About Atal Innovation Mission The Atal Innovation Mission (AIM) is a flagship initiative set up by the NITI Aayog to promote innovation and entrepreneurship across the length and breadth of the country. AIM’s objective is to develop new programmes and …
About NSWS The National Single Window System (NSWS) was launched in 2021 by the Government of India. NSWS was created by the Department for Promotion of Industry and Internal Trade (DPIIT) to provide a single platform to enable the identification …