About WPI Wholesale Price Index measures and tracks the changes in the price of goods in the stages before the retail level. It provides estimates of inflation at the wholesale transaction level for the economy as a whole. WPI basket …
About the Scheme Under the Rebate of State and Central Taxes and Levies (RoSCTL) scheme, exporters are issued a duty credit scrip for the value of embedded taxes and levies contained in exported products. Exporters get rebate of central and …
About SEZs Special Economic Zone (SEZ) is a geographic area in which the business and trade laws are different from the rest of the country. The objective of developing SEZs include increasing the balance of trade and attracting newer inward-investments …
Background Finance Minister Nirmala Sitharaman recently introduced the Taxation Laws (Amendment) Bill in the Lok Sabha to nullify the tax clause provision that allows the government to levy taxes retrospectively. The government has been fighting legal cases against Vodafone and …
About MPC The Monetary Policy Committee (MPC) is a committee of the RBI which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level. The 2016 amendment of …
Background The Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar recently said it will begin testing its own digital currency. Several economies, including the U.S., the European Union and China, have been working to issue their own Central …
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 …
About: In India, there is no clear definition of what constitutes a shell company in either Companies Act, 2013 or in any other Act. It normally refers to a company without active business operation or significant assets, which in some …