Recently, the Reserve Bank of India has cautioned people against unauthorised digital lending apps amid growing concerns over coercive recovery tactics and exorbitant interest rates charged by a section of digital lenders. Crux of the issue The pandemic has given …
What are they? Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products from …
What is Balance of Payments? Balance of Payments (BoP) statistics systematically summaries the economic transactions of an economy with the rest of the World for a specific period. BoP broadly comprises current account, capital account and changes in foreign exchange …
Dumping and Anti-dumping duties Dumping is the practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market, or which is lower than the cost …
Background In May 2020, as a part of the announcements made under the Atmanirbhar Bharat Abhiyan, the Central government announced that it would allow commercial mining in the coal sector. What is commercial mining? Commercial mining allows the private sector …
What is external debt? External debt is the portion of a country’s debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. Governments and eligible corporations can raise loans from abroad. Components of external debt …
What’s in the news? The Ministry of Finance has notified The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020) which will come into force from September 21. What is it? Under the new rules, the …
What’s in the news? Export and Import Bank of India (Exim Bank) released a study titled ‘Self-Reliant India: Approach and Strategic Sectors to Focus.’ Highlights of the study Promoting self-reliance in sectors such as electronics and defence equipment, among others, …
Foreign Contribution (Regulation) Act, 2010 The Foreign Contribution (Regulation) Act, (FCRA), 2010 and rules framed under it regulate foreign contribution provided by certain individuals or associations to NGOs and others within India. The objective is to prevent use of foreign …
About Merchandise export from India scheme: Merchandise Exports from India Scheme (MEIS) is one of the two schemes introduced under Foreign Trade Policy of India (FTP 2015-20), as a part of Exports from India Scheme. The other scheme is Service …