Current Affair Category: Indian Economy

Why in News ? The terms Headwind & Front-Loading Capex were in news recently.  What is Headwind? A “headwind” refers to any factor or condition that creates challenges or obstacles for progress, growth, or performance. In a business or economic context, headwinds can be external factors that hinder the growth or success of a company, […]

Why in News?  NITI Aayog has published its first Fiscal Health Index (FHI) report. Purpose: Assess the fiscal health of 18 major Indian States based on their contribution to GDP, demography, public expenditure, revenues, and fiscal stability. Time Period Covered: Rankings based on performance for FY 2022-23 and trends from 2014-15 to 2021-22. Released By: […]

India’s Digital Economy to Drive One-Fifth of GDP by 2030: Rapid Growth: India’s digital economy is expected to grow nearly twice as fast as the overall economy, contributing about one-fifth (20%) of the national GDP by 2030, surpassing agriculture and manufacturing. Current Contribution: In 2022-23, the digital economy accounted for 13.42% of national income, valued […]

Why in News ? The Central Board of Direct Taxes has issued fresh guidelines for applying the Principal Purpose Test (PPT) provisions under Double Tax Avoidance Agreements or DTAAs; deals with Cyprus, Mauritius and Singapore to remain outside for now 1. Introduction of Principal Purpose Test (PPT) CBDT Guidelines: Issued fresh guidance on applying PPT […]

 Why in News? Department of Commerce, Government of India has introduced the Diamond Imprest Authorization (DIA) Scheme recently, aiming to enhance the global competitiveness of India’s diamond sector. This scheme provides a streamlined mechanism for duty free import of Natural Cut and Polished Diamonds, and there by promoting value addition and boosting exports. The Scheme […]

The Prime Minister Shri Narendra Modi has remarked that it was encouraging to see strong support for the PM Internship Scheme. The Prime Minister Internship Scheme (PMIS), announced in the Union Budget 2024-2025, is a new initiative aimed at fostering youth participation in governance and public policy. Here are the key facts, objectives, and impacts […]

Stakeholder Capitalism is an economic system or business model that prioritizes the interests of all stakeholders in a company, rather than just its shareholders. In this model, a company is expected to create long-term value not only for its shareholders but also for other groups that are impacted by its activities. These groups, or “stakeholders,” […]

The World Economic Forum (WEF) is holding its Annual Meeting from January 20 to 24 in Davos, Switzerland. Attendees will include European Commission President Ursula von der Leyen, China’s Vice Premier Ding Xuexiang, and other leaders in business and politics. Who initiated the World Economic Forum (WEF)? German professor Klaus Schwab founded the WEF. He […]

7 Imperatives to Build a Viksit Agri Economy by 2047 1. Leveraging AI in Agriculture: India is exploring AI for weather forecasting, pest control, and crop yield optimization, but adoption remains limited to a small subset of tech-savvy farmers. Global Example: Generative AI in the US and Europe provides precision farming at scale with real-time […]

 Why in news ? The Security transaction tax ( STT)  has recently  jumped to  75 % despite market volatility . What is Security Transaction Tax (STT)? Security Transaction Tax (STT) is a tax levied on the transaction of securities that are traded on Indian stock exchanges. It was introduced by the Indian government in the Finance Act […]