Angel Tax : Union Budget 2024-2025 The Union Minister for Finance proposed to abolish ‘angel tax’ for all classes of investors, while presenting the Union Budget 2024-25 in Parliament. Angel Tax was levied on the capital raised via the issue of shares by unlisted companiesfrom an Indian investor if the share price of issued shares […]
Category: Economics Current Affairs
Climate Finance Taxonomy
Climate Finance Taxonomy: Presenting the Union Budget for 2024-25, the Finance Minister announced that the government would develop a ‘climate finance taxonomy’. Climate Finance Taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments. It helps guide investors and banks in directing trillions toward impactful investments to tackle […]
Skill Loan Scheme
Skill Loan Scheme: The Union Finance Minister recently announced a revision to the model skill loan scheme, which will now facilitate loans up to Rs 7.5 lakh backed by a guarantee from a government-promoted fund. Skill Loan Scheme was introduced in July, 2015, to offer institutional credit to individuals pursuing skill development courses aligned with […]
Tax Incidence
Tax Incidence: The Union government recently said Goods and Services Tax (GST) has decreased tax incidence on the common man. Tax Incidence is an economic term for understanding the division of a tax burden between stakeholders, such as buyers and sellers or producers and consumers. The initial incidence (also called statutory incidence) of a tax […]
NPS Vatsalya Scheme
NPS Vatsalya Scheme: The finance minister recently made the announcement of a new pension scheme under the National Pension Scheme (NPS), called NPS Vatsalya. NPS Vatsalya Scheme is a scheme under the National Pension Scheme (NPS). It is designed to help parents and guardians plan for their children’s future financial needs. Under this […]
Economic Survey 2023-24
Economic Survey 2023-24: Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament, setting the stage for the Union Budget 2024-25 . The latest Economic Survey remains bullish on India’s growth and macroeconomic outlook. It pegged India’s GDP growth for FY25 at 6.5-7 per cent and the country’s inflation lower at 4.5 […]
International Centre For Audit Of Local Governance
International Centre For Audit Of Local Governance: The International Centre for Audit of Local Governance (iCAL) was inaugurated by the Comptroller and Auditor General (CAG) of India. iCAL, the first of its kind in India, aims to set global standards for auditing local governance bodies. iCAL will bring together policymakers, administrators, and auditors associated with […]
Foreigners Tribunals
Foreigners Tribunals: The Assam government asked the Border wing of the State’s police not to forward cases of non-Muslims who entered India illegally before 2014 to the Foreigners Tribunals (FTs). Foreigners Tribunals are quasi-judicial bodies formed through the Foreigners (Tribunals) Order of 1964 under Section 3 of the Foreigners’ Act of 1946, to let local […]
SEBI : Introduction Of a New Asset Class Or Product Category
SEBI : Introduction Of a New Asset Class Or Product Category The Securities and Exchange Board of India (SEBI) has proposed the introduction of a new asset class or product category. This move is aimed at providing investors with a regulated investment product that features higher risk-taking capabilities, while also curbing the proliferation of unregistered […]
Inverse ETF
Inverse ETF: Sebi’s new asset class proposal for high-risk investors is expected to provide access to advanced strategies like long-short equity funds and inverse ETFs An Exchange-Traded Fund (ETF) is a type of investment fund that holds a collection of assets like stocks, bonds, or commodities and is traded on stock exchanges, much like individual […]
