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 …
What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …
What is meant by “Foreign Exchange Reserve”? Foreign Exchange Reserve indicates the reserves held by RBI in the form foreign currency assets, gold, SDR and reserve tranche. Components of foreign exchange reserve: Foreign Currency Assets– Currencies of foreign countries are …
About Co-operative banks Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking …
About the portal It is a technology-driven Control Room-Cum-Management Information System launched by the Ministry of Micro, Small Medium Enterprises (MSME) as part of its effort to support enterprises. Launched in June 2020, CHAMPIONS stand for creation and harmonious application …
About PFRDA Pension Fund Regulatory and Development Authority (PFRDA) is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the National Pension System (NPS) and pension schemes to which this Act …
What is Public debt? Public debt is the total amount borrowed by the government of a country. In the Indian context, public debt includes the total liabilities of the central and state governments. The Fiscal Responsibility and Budget Management (FRBM) …
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 Centre is best positioned to raise additional resources to bridge the GST compensation gap. GST compensation Under GST law, states are guaranteed full compensation for any revenue loss for the first five years after the introduction of the …