In News The Indian economy is completing the first quarter of the current financial year — April, May and June. Two questions come up in this context: How far did the second Covid wave hurt India’s fledgling economic recovery? What are the more medium- to long-term impacts of the second Covid wave? About The […]
In News Recently, the Goods and Services Tax (GST) Council has met after a gap of seven months due to the budget session and assembly elections. The GST Council met for the first time in the financial year 2021-22 and the last meeting was held in October 2020. Major Decisions Exemptions on Covid-related Supplies It […]
In News Recently, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, has released the Provisional Estimates of National Income for the financial year 2020-21, both at Constant (2011-12) and Current Prices. The NSO attributed improvement in growth estimates to the improved performance of indicators, used in compilation of GVA, in the Q4 […]
In News Recently, the Reserve Bank of India (RBI) has released its annual report for 2020-21. Key Highlights Impact of Covid-19 Waves While the economy has not moderated to the extent during the first wave of Covid-19, the surrounding uncertainties can act as a deterrent in the immediate period. The onset of the second wave […]
In News Recently, the Ministry of Commerce and Industry has highlighted the growth of the Foreign Direct Investment (FDI) flows into India. Key Highlights FDI grew 10 per cent in 2020-21 and touched a record USD 81.72 billion. In 2019-20, India had received USD 74.39 billion in FDI. FDI equity inflows rose 19 per cent […]
In News The government released the First Advance Estimates (FAE) at the start of January 2021 and the Second Advance Estimates (SAE) in February 2021, which showed the impact of Covid-19 on the finances of the Centre and the States in 2020. Key Highlights First Advance Estimates The Gross Domestic Product (GDP) would contract by […]
In News The ongoing second wave of the Covid-19 pandemic has highlighted the woes of the informal workers and the loopholes in the Social Security (SS) Code, 2020. Social Security Code, 2020 It was passed by the Indian Parliament in September 2020 along with three other labour codes, namely Code on Wages, 2019 Occupational Safety, […]
In News Recently, the National Institution for Transforming India (NITI Aayog) and Mastercard have released a report titled ‘Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat’. About the Report It is based on five roundtable discussions which were held in October and November 2020. It highlighted key issues and opportunities on policy and […]
In News According to a recent survey, the Purchasing Managers’ Index (PMI) results for April 2021 showed a slowdown in rates of growth for new orders and output, both of which eased to eight-month lows amid the intensification of the Covid-19 crisis. Major Highlights The seasonally adjusted India Manufacturing PMI was at 55.5 in April, […]
In News Recently, the Reserve Bank of India (RBI) has joined the Network for Greening the Financial System (NGFS). Highlights of the Move RBI will share best practices and contribute to the development of environment and climate risk management in the financial sector to mobilise mainstream finance to support the transition towards a sustainable economy. […]
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