In News The 2021 Nobel Prize in Economic Sciences has been awarded in one half to Canadian-born David Card and the other half jointly to Israeli-American Joshua D Angrist and Dutch-American Guido W Imbens. Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel but by the Swedish central […]
In News The latest leak of offshore financial records has shown that the elites are finding ingenious new ways to ring-fence (protect) their assets from scrutiny at home. It is reshaping the secrecy industry in international finance after regulators worldwide have begun cracking down on global money flows. Pandora Papers Pandora papers are 11.9 million […]
In News Recently, Safdarjung Tomb has suffered damages owing to the recent rains. The Archaeological Survey of India (ASI) has taken cognisance of the matter and will begin a repair exercise soon. About The Safdarjung Tomb, designed by an Ethiopian architect marks the last colossal garden tomb of the Mughals It was built in 1753- […]
In News A 4 year National Monetisation Pipeline (NMP) has been unveiled by the Finance Minister. This monetisation will create further value for infrastructure creation in the country It will explore innovative ways of private participation without transfer of government ownership. About It is a 4 year program worth Rs 6 lakh crore to unlock […]
In News Recently, China’s legislature formally amended the country’s Population and Family Planning Law to allow couples to have 3 children. About Now, Couples in China, would for the first time be allowed to have a third child in relaxation of family planning rules. China also announced a number of policy measures aimed at boosting […]
In News: Recently, the Prime Minister of India launched new projects at Somnath Temple highlighting the history of its plunder and reconstruction time and again. He was making a reference to the Taliban and reminded the world that the reign of terror is always temporary and cannot be permanent. Projects Inaugurated Somnath Promenade, Somnath Exhibition […]
In News The Prime Minister of India called for everyone’s effort for inclusive development and world-class infrastructure in his independence day address. Key Points in Speech Theme of the Speech: It was on the line of appeal to the economic agents in the country to aim for “world class” and “next generation” targets for the […]
In News Recently, the Kerala High Court observed that Marital rape is a good ground to claim divorce. Recent Observations The court said an insatiable urge for the wealth and sex of a husband had driven a woman to distress. In desperation to get a divorce, she has abandoned all her monetary claims. In a […]
In News The Monetary Policy Committee (MPC) of RBI has kept Repo Rate unchanged at 4% for the seventh time in a row. About Marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25%. The reverse repo rate also remains unchanged at 3.35%. CPI inflation is now projected at 5.7% during 2021-22. […]
In News Parliament recently passed Taxation Laws (Amendment) Bill 2021 to bury retrospective taxation. What is Retrospective Taxation? “Retrospective” means ‘taking effect from a date in the past’ and “tax” refers to ‘a new or additional levy of tax on a specified transaction’. Therefore, retrospective tax means creating an additional charge or levy of tax […]
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