Current Affair Category: Indian Economy

Seven prominent Indian institutions, including the prestigious IIT Delhi and Anna University in Chennai, are facing a significant financial challenge: they have received showcause notices from the Directorate General of GST Intelligence (DGGI) for unpaid taxes on research grants given since 2017. This move has sparked a major debate within the academic community, with some calling it “tax terrorism”. […]

The Union cabinet has  approved 12 new industrial smart cities under the National Industrial Corridor Development Programme (NICDP) in different states with an outlay of Rs 28,602 crore to boost domestic manufacturing,   These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in, Maharashtra, Palakkad in Kerela, Agra and Prayagraj in UP, Gaya […]

When the U.S. Federal Reserve (Fed) cuts interest rates, it can have a range of effects on the Indian economy. These impacts can be direct or indirect, and they typically manifest through financial markets, capital flows, and economic variables. Here’s how a rate cut by the U.S. Federal Reserve might influence India: 1. Impact on […]

Siphoning off funds refers to the illegal or unethical practice of diverting or embezzling money from its intended purpose or destination for personal gain. This typically involves a person or group of individuals who have access to financial resources or funds and use that access to secretly transfer money into their own accounts or for […]

The Reserve Bank of India has on August 19 issued a framework to recognise self-regulatory organisations in the financial markets, in order to help enhance the compliance culture and provide a consultative platform for policy making. “In deliverance of this role, the SRO shall frame necessary best practices/standards/codes within the regulatory framework prescribed by the […]

Why in News? India made changes to its rules about exporting electricity to other countries, in August 2024. These changes were made to protect Indian companies from political risk in countries like Bangladesh. What is the Godda Project? Adani Power runs a very large power plant in Godda, Jharkhand, that can produce 1,496 megawatts (MW) […]

India’s energy demand has been increasing rapidly, driven by several key factors and necessitating a range of solutions to manage this growth sustainably. Factors Contributing to Rising Energy Demand: Economic Growth: Industrialization: India’s economy has been growing steadily, with significant contributions from industrial sectors such as manufacturing, construction, and services. Industrial processes are energy-intensive, leading […]

India’s retail inflation in July to a near five-year low, as food prices eased from previous highs due to a base effect, government data showed on Monday. Annual retail inflation was 3.54 per cent in July, from 5.08 per cent in June. The latest print is the lowest since August 2019. Economists polled by Reuters […]

The Cost Inflation Index (CII) is a measure used in India to adjust the purchase price of assets to account for inflation. This index is primarily used for calculating long-term capital gains on the sale of assets like real estate, stocks, bonds, and mutual funds. By adjusting the purchase price to account for inflation, the […]

ESG bonds are debt securities issued by governments, municipalities, corporations, or other organizations to fund projects with positive environmental, social, and governance (ESG) impacts. Key Features of ESG Bonds Environmental Criteria: Focus on projects promoting environmental sustainability, such as renewable energy, energy efficiency, pollution control, or sustainable agriculture. Social Criteria: Address social issues like affordable […]