Home  /  Indian Economy & Related Issues ( Page 5 )

Tag: Indian Economy & Related Issues

Provisional Tax collections

In News Recently, the Finance Ministry released  provisional data regarding FY 2022-23 Tax collections.  About   India’s net direct tax collections have risen 17.63% in 2022-23 to touch ?16.61 lakh crore, exceeding the revised estimates target for the year by 0.7%. Corporate tax contribution to  gross direct tax  was ?10.04 lakh crore, just a tad […]

Nagri Dubraj rice gets Geographical Indication Tag

In News The Geographical Indication Registry granted Chhattisgarh’s aromatic rice, Nagri Dubraj, a geographical indication (GI) tag. The Morena and Rewa Mango (both Madhya Pradesh) have also given the Tag. About Nagri Dubraj Rice It is produced by a women’s self-help group. The women’s self-help group “Maa Durga Swasahayata Samuh ” of Nagri in Dhamtari […]

Polavaram

In News Recent Rehabilitation efforts have caused significant cultural Trauma for the Particularly Vulnerable Tribal Groups in the region. About Polavaram is a  National multi-purpose irrigation project on the Godavari River in Andhra Pradesh. It will facilitate an inter-basin water transfer from the Godavari River to the Krishna river through its Right canal. Its reservoir […]

Changes in fees for merchant UPI Transactions

In News The National Payments Corporation of India (NPCI) has allowed prepaid payment instruments (PPIs) to be part of the interoperable Unified Payments Interface (UPI) ecosystem. The NPCI has recently introduced interchange fees of up to 1.1 per cent on merchant UPI transactions done using prepaid payment instruments (PPIs) from April 1. Prepaid Payment Instruments […]

India’s Digital Public Infrastructure (DPI)

In Context India’s digital public infrastructure (DPI), loosely the India Stack and more, is shaped in a unique partnership between governments (Union and States), regulators, the private sector, selfless volunteers, startups, and academia/think tanks. India, through India Stack, became the first country to develop all three foundational DPIs: digital identity (Aadhar), real-time fast payment (UPI) […]

Captive Employment under Deen Dayal Upadhyaya Kaushalya Yojana (DDU-GKY)

In News Union Minister for Rural Development initiates ‘Captive Employment’ initiative under Deen Dayal Upadhyaya Kaushalya Yojana (DDU-GKY). What is Captive Employment? ‘Captive Employment’, is a first of its kind initiative aimed at addressing the vision of a dynamic and demand-based skilling ecosystem catering to the requirements of industry partners ensuring sustainable placements for rural […]

SEBI Getting set to Regulate Index Providers

In News The government has squarely put the onus of regulating the practices of market index providers on the Securities Exchange Board of India (SEBI), amid concerns about the safety of passive investors’ savings parked in funds linked to indices that have added or retained several Adani group stocks. The Parliament has entrusted SEBI with […]

Provident Fund Interest Hike

In News Recently,  EPFO raised the interest rate on employees’ provident fund to 8.15% for FY23. About: The decision for increase in the interest rate comes  because of interest rate increases in the financial system following successive rate hikes by the Reserve Bank of India and a higher surplus with EPFO . In FY22, EPFO […]

Committee to monitor Tur under Essential Commodities Act

In News Recently, the government announced the formation of a committee to monitor the stock of tur dal held by importers, mills, stockists, and traders in order to prevent hoarding and speculation. About Furthermore, in order to assist easy and seamless imports, the government has eliminated the 10% charge on tur imports from non-LDC countries, […]

Amendment to Finance Bill 2023

In News Recently, the Amended Finance bill 2023 was passed in parliament without discussion. About: In midst of protests by the opposition benches the Upper House returned the Jammu and Kashmir Appropriation Bill and the Finance Bill to the Lok Sabha without any discussion.  The Lok Sabha too cleared the bill without any discussion or […]