What are currency swap arrangements? In the swap arrangement, generally a country provides dollars to a foreign central bank, which, at the same time, provides the equivalent funds in its currency to the former, based on the market exchange rate …
What is it? The GST regime, launched on July 1, 2017, introduced a uniform indirect tax structure across the country by merging various state and local-level levies. Under the GST compensation Act 2017, states are guaranteed full compensation for any …
Context The World Economic Outlook released by IMF has projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the …
Why in the news? To control the fiscal deficit on record, the government uses off-budget borrowing techniques. Fiscal Deficit is the difference between the government’s total expenditure and its total receipts excluding borrowing. In other words, it is the level …
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 before the release of Index of …
NEWS The consumption of what we have inherited without a thought for generations to come will leave the whole world poorer; like an addict selling the family gold. Thus, the principle of Intergenerational Equity makes it imperative for us to …
NEWS The consumption of what we have inherited without a thought for generations to come will leave the whole world poorer; like an addict selling the family gold. Thus, the principle of Intergenerational Equity makes it imperative for us to …
Why in the news? Countries across the world have been affected by the Covid pandemic which has affected their economy adversely. Central banks of different countries, including RBI, have adopted expansionary recovery policies with steps like slashing of market rates, …
What’s in the news? The Central Board of Direct Taxes (CBDT) has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process complaints of tax evasion, foreign undisclosed assets as well as complaints regarding …
Why in the news? As per Sajjid Chinoy, an economic expert, India and other countries of the world are taking a K-shaped economic recovery. Let us understand what K-shaped recovery is and also delve into its implications. About K shaped …