About National Minorities Development and Finance Corporation (NMDFC) is a Government Corporation under the administrative control of Ministry of Minority Affairs. It was incorporated in 1994 as a not for profit company under the Companies Act 1956 (now Companies Act, …
What is a windfall tax? Windfall taxes are designed to tax the profits a company derives from an external, sometimes unprecedented event— for instance, the energy price-rise as a result of the Russia-Ukraine conflict. These are profits that cannot be …
Background In 2022, the Reserve Bank of India launched the Digital Rupee or e₹ on a pilot basis. It is part of the broad initiative by the Indian government and the RBI to modernise the financial system and enhance financial …