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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 […]

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 […]

Revamping MSMEs

In News The Union budget 2023 presents an opportunity for our visionary government to amp up its efforts towards making our MSMEs competitive and self-reliant. MSME Sector In India  About: Micro, Small and Medium Enterprises (MSME), are small-sized business enterprises defined in terms of their investment. Significance of the sector: Contribution to GDP: In India, […]

IMF’s latest World Economic Outlook update

In News The International Monetary Fund (IMF) released the January update of its World Economic Outlook. About World Economic Outlook It presents analyses of global economic developments during the near and medium term.  Chapters give an overview as well as a more detailed analysis of the world economy; consider issues affecting industrial countries, developing countries, […]

Theory of Alienation

In News The idea of ‘alienation’ by Karl Marx is one of the most widely discussed concepts in social, political and economic theory. Meaning of Alienation  About: Alienation refers to a person’s “withdrawal or separation from an object or position of former attachment” or, in the case of property, “a conveyance of property to another.”  […]

Economic Survey 2022-23: Key Highlights

In News Recently, the Union Minister for Finance tabled the Economic Survey 2022-23 highlighting the outlook for India’s growth, inflation and unemployment in the coming years. About The Economic Survey of India suggests that the economy has recovered from the Covid disruption and is poised for sustained robust growth in the rest of the decade. […]

Inclusive Circular Economy

Context Recently, the United Nations Development Programme (UNDP) India launched a campaign to drive an inclusive circular economy. More about the news Programme highlights: About: UNDP has launched this campaign to drive an inclusive circular economy as part of its initiative to promote sustainability.  The project is a scale-up of existing partnership under UNDP’s flagship […]

Taxing Agricultural Income

Context Recently, the debates were floated around exemptions and non-taxation of agricultural income in India. History of agricultural taxation 1860: The history of agricultural tax can be traced back to 1860.  It applied to income from all sources including agricultural income even when it was under high taxation by land revenue.  It was active for […]

New T+1 Settlement Cycle

In News Recently, New T+1 settlement cycle has come into effect. What’s the T+1 settlement plan? It means that trade-related settlements must be done within a day, or 24 hours, of the completion of a transaction.  For example, under T+1, if a customer bought shares on Wednesday, they would be credited to the customer’s demat […]

Halwa Ceremony

In news The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held recently. The Union Budget 2023-24 is to be presented on 1st February, 2023. About It is a customary ceremony  in which traditional dessert ‘halwa’ is prepared and served to officials and staff members of the […]