What is Global Minimum Corporate Tax Rate?

Global Minimum Corporate Tax Rate: The US Treasury Secretary has urged G20 nations to move towards a global minimum corporate tax. It is an attempt to reverse a “30-year race to the bottom” in which countries have resorted to slashing corporate tax rates to attract multinational corporations (MNCs). Proposal on a Global Minimum Corporate Tax […]

Criminalising Begging : Supreme Court Directive

Begging: The Supreme Court has asked the Centre and four States to file their response within three weeks on a plea seeking a direction to repeal the provisions criminalizing begging. The plea has referred to the August 2018 verdict of the Delhi High Court which had decriminalised begging in the national capital and said provisions […]

Freedom Of Navigation Operation (FONOP) In The Indian EEZ

Freedom Of Navigation Operation (FONOP) In The Indian EEZ: India has protested the U.S. decision to conduct a patrol in the Indian Exclusive Economic Zone (EEZ) in the western Indian Ocean, rejecting the U.S.’s claim that its domestic maritime law was in violation of international law. In a rare and unusual public statement, the U.S. […]

Monetary Policy : Short Term Lending Rate Or The Repo Rate Unchanged

Monetary Policy: Short Term Lending Rate Or The Repo Rate Unchanged: The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep its short-term lending rate or the repo rate unchanged at 4 percent, in line with market expectations. Announcing the monetary policy, RBI Governor said the central bank will maintain its ‘accommodative […]

Government Security Acquisition Programme (G-SAP) 1.0

Government Security Acquisition Programme (G-SAP) 1.0: The Reserve Bank of India (RBI) has put in place a secondary market Government Security Acquisition Programme (G-SAP) 1.0 for orderly evolution of the yield curve in FY22. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). […]

What is Indian Energy Exchange (IEX)?

Indian Energy Exchange (IEX): The electricity market at Indian Energy Exchange (IEX) achieved an all-time high volume of 8,248.52 MU (million units) in the month of March 2021 surpassing all the previous milestones. It is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable […]

Emergency Credit Line Guarantee Scheme (ECLGS) : Extended Credit

Emergency Credit Line Guarantee Scheme (ECLGS): The government has extended the Rs. 3-lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) until 30th June 2021, and also widened its scope to new sectors, including hospitality, travel, and tourism. ECLGS was rolled out in May 2020 as part of the Centre’s Atmanirbhar package in response to the Covid-19 […]