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Budget on Green Growth

In News Recently the Ministry of Finance listed priorities for Green Growth in the Budget submission for 2022-2023. Key Takeaways: The Union ministry has listed a series of seven initiatives from green hydrogen to mangroves protection to green credit to replacement of polluting vehicles. These principles complement each other and act as the ‘Saptarishi’ guiding […]

Angel Tax & Start-Ups in India

In News Recently, The Finance Bill, 2023, unveiled by the Finance Minister has proposed to amend the Section of the Income Tax Act which might affect Start-Ups funding in India. More about the News About: The Finance Bill, 2023 has proposed to amend Section 56(2) VII B of the Income Tax Act. These new age […]

Indian Express

Indian Express Subject  Pg No  Headlines Relevance for Prelims and Mains   GS 3   5, 12,14& 15   Her balancing act:won’t tax ,will spend  How cuts in spending, key schemes helped rein in fiscal deficit Economy on right track; to grow at 7% in FY23: FM Renewed thrust on capex: Outlay hiked 33% to Rs […]

The Hindu

The Hindu Subject Pg No Headlines Relevance for Prelims and Mains   GS 3   1& 10 Pollticks  PMAY share rises by 66%, with more focus on Tier 2 and 3 cities Zero tax for annual income up to ?7 lakh under new scheme  A Budget that signals growth with stability (Economy) Know about the highlights […]

India-US: The High Tech Boost

In News India and the United States elevated their strategic partnership with the launch of an initiative on Critical and Emerging Technology or iCET. Initiative on Critical and Emerging Technologies (iCET) About: The iCET involves collaboration in a range of areas including  Quantum computing,  Semiconductors,  5G and 6G wireless infrastructure, and  Civilian space projects such […]

Reverse-flipping

Context Economic Survey 2022-23 states that Indian start-up companies are looking at ‘reverse flipping’. What is Reverse-flipping Flipping is the process of transferring entire ownership of an Indian company to an overseas entity. It is generally accompanied by a transfer of all intellectual property and data owned by an Indian company. Reverse Flipping is the […]

Amrit Bharat Station Scheme

In Context Recently, 15 railway stations under the Ambala Railway Division were selected to be developed under the Amrit Bharat Station Scheme. The Union Ministry of Railways launched Amrit Bharat Station Scheme in December 2022 to modernize over 1,000 small stations over the coming years. Amrit Bharat Station Scheme About: The scheme envisages the development […]

Judicial Majoritarianism

In News As the recent majority judgment of the Supreme Court on demonetisation comes under criticism, the minority judgment by J. Nagarathna is being hailed for its challenge to the RBI’s institutional acquiescence to the Central government. About judicial majoritarianism As opposed to standard matters heard by Division Benches consisting of two judges, numerical majorities […]

Three-Capital Plan of Andhra Pradesh

In News Andhra Pradesh CM has said Vishakhapatnam will be the new capital of the state. About Andhra Pradesh needs a new capital since Hyderabad, the capital of undivided Andhra is now with Telangana. The two states have been sharing the capital temporarily. Andhra Pradesh Capital Region Development Authority (APCRDA) Act, 2014 has been scrapped […]

Key Highlights: Budget 2023-24

In News Recently, the Union Finance Minister presented the Budget in Parliament. Seven priorities of the budget or ‘Saptarishi’ are:  Inclusive development,  Reaching the last mile,  Infrastructure and investment,  Unleashing the potential,  Green growth,  Youth power and  Financial sector. Budget highlights Agriculture: Atmanirbhar Clean Plant Program  The program to be launched to boost availability of […]