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Market Access Initiative (MAI)

In News Apparel Export Promotion Council (AEPC) inaugurated the first edition of upnext India 2023 in presence of international buyers and exhibitors. About This initiative is in the form of a series of Reverse Buyer Seller meet under the name of “UPNEXT INDIA”. Reverse Buyer Seller Meet is to provide an opportunity for prospective importers […]

Rise in jobs in Renewable sectors

In Context According to a recent study, Eight-fold rise is seen in jobs in solar and wind energy sectors. The study was jointly conducted by the Council on Energy, Environment and Water, Natural Resources Defence Council India and Skill Council for Green Jobs. Methodology The report considered only full-time jobs which is calculated by a […]

Vivad Se Vishwas-2 Scheme

In News The Ministry of Finance has circulated the draft scheme for a one-time settlement of contractual disputes in which an arbitral award is under challenge called Vivad se Vishwas 2. Arbitration is a mechanism to resolve disputes between parties without having to initiate a case in court. Need To settle long-pending litigation in cases […]

Status and Proceeds of Disinvestment

Context In the Union Budget 2023-24, the government has set a disinvestment target of Rs. 51,000 crore which is the lowest in 7 years and 21% less than the budget estimate for the current year. Disinvestment About: Disinvestment means the sale or liquidation of assets by the government like Central public sector enterprises (CPSE) and […]

ChatGPT and the AI challenge

In Context There is a great deal of speculation about how the recently launched ChatGPT will impact a huge number of human job roles, from customer service to computer programming.  More about the Chat GPT About: ChatGPT is a chatbot launched by OpenAI in November 2022. Chat-GPT is a variant of the GPT (Generative Pre-trained […]

Follow-on Public Offer(FPO)

In News Recently, Adani Enterprises canceled its Rs 20,000 crore Follow-on Public Offer. It came after the shares of the firm declined following allegations of accounting fraud by US short-seller Hindenburg Research. What is a Follow-on Public Offering (FPO)? A Follow-on Public Offering (FPO) is the issuance of shares to investors by a company listed […]

On Budget 2023: Health in Amrit Kaal

In News Recently, 2023-24 Union Budget speech, the finance minister announced that the total central government budget for health will be roughly be Rs 615 for every citizen. More about the news About: In her 2023-24 Union Budget speech, the finance minister announced that the total central government budget for health will be roughly Rs […]

Paris Club

In News Paris Club is likely to give the IMF financial guarantees about the Sri Lankan debt. Key points: The Paris Club is an informal group of mostly western creditor countries. It grew from a 1956 meeting in Paris between Argentina and its public creditors. Its objective is to find sustainable debt-relief solutions for countries […]

India’s UPI Push

In News Recently, the National Payments Corporation of India (NPCI) paved the way for NRIs to be able to transact using Unified Payments Interface (UPI). ‘Non-resident Indian’ (NRI) is a person resident outside India who is a citizen of India.  About The NPCI has listed 10 countries where non-resident account holders can make transactions through […]

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 […]