What is angel tax for start-ups? Angel tax is levied when an unlisted company issues shares to an investor at a price higher than its fair market value. It is levied at the rate of 30.6 per cent. The provision …
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 …
About the Initiative The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs. Since the launch of the initiative, Startup India has rolled …
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)- …
About The government has released the National Logistics Policy 2022 as a comprehensive effort to address issues of high cost and inefficiency by laying down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the entire logistics ecosystem. …