About Anything that can be converted into a digital form can be an NFT. Everything from one’s drawings, photos, videos, GIF, music, in-game items, selfies, and even a tweet can be turned into an NFT, which can then be traded …
About In 2022, the United States launched a new Asia-Pacific trade initiative known as the Indo-Pacific Economic Framework for Prosperity (IPEF). The framework includes 14 countries — Australia, Brunei, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the …
Context Localized experiments with universal basic income have shown mostly positive outcomes across states, strengthening calls in favor of social policy. Universal basic Income Universal basic income is the concept under which all citizens of a country receive a legally …
About In 2022, the United States launched a new Asia-Pacific trade initiative known as the Indo-Pacific Economic Framework for Prosperity (IPEF). The framework includes 14 countries — Australia, Brunei, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the …
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 …
About MEP Minimum Export Price (MEP) is the price below which an exporter is not allowed to export the commodity from India. MEP is a kind of quantitative restriction to trade. MEP is levied by the government to restrict exports …
What’s in the news? S&P Global Market Intelligence, a leading provider of financial and industry data, has predicted that India’s gross domestic product (GDP) is expected to rise to USD 7.3 trillion by 2030 and it will surpass Japan to …
About ADB The Asian Development Bank (ADB) was founded in 1966 with the primary mission of fostering growth and cooperation among countries in the Asia-Pacific Region. It is headquartered in Manila, Philippines. At present, ADB comprises 68 members (including India)- …
Background Merchandise Exports from India Scheme (MEIS) was introduced under Foreign Trade Policy of India (FTP 2015-20), as a part of Exports from India Scheme. The scheme provides incentive in the form of duty credit scrip to exporters to compensate …