Cairn’s Offer On Retrospective Tax: Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC undertakings which would allow for the refund of taxes. The company will now be issued a ₹7,900 crore refund. In December 2020, a three-member international arbitral […]
Category: Economics Current Affairs
India Becomes The Highest Recipient Of Remittances
India Becomes The Highest Recipient Of Remittances: According to the World Bank’s Migration and Development Brief, India has become the world’s largest recipient of Remittances, receiving USD 87 billion (a gain of 4.6 % from previous year) in 2021. India is followed by China, Mexico, the Philippines, and Egypt. The United States being the biggest […]
What is Digital Lending?
Digital Lending: A Reserve Bank of India (RBI) Working Group (WG) on digital lending, including lending through online platforms and mobile apps has submitted its recommendations. Key recommendations: A separate legislation should be enacted to oversee such lending. Setup a nodal agency to vet the Digital Lending Apps. A Self-Regulatory Organisation should be set up […]
E-Governance For Civil Aviation
E-Governance For Civil Aviation: The Ministry of Civil Aviation has launched the e-Governance for Civil Aviation (e-GCA) online platform through which the Civil Aviation will provide 298 services including pilot licensing and medical examination. The launch of the e-GCA project under DGCA (Directorate General of Civil Aviation) was part of the 100-day plan for the […]
Bribery Risk Matrix 2021: TRACE
Bribery Risk Matrix 2021: Bribery Risk Matrix 2021 was released by TRACE, an anti-bribery standard setting organisation. It measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions. It was originally published in 2014 to meet a need in the business community for more reliable and nuanced information about the risks of […]
16th Annual Status Of Education Report 2021
16th Edition Of The Annual Status Of Education Report (ASER 2021): The percentage of rural children who were not enrolled in school doubled during the pandemic, with government schools seeing an increase in enrolment at the expense of private schools, according to the Annual Status of Education Report (ASER), 2021. Over a third of children […]
National Register Of Citizens (NRC)
National Register Of Citizens (NRC): Only little over a thousand doubtful cases in the final draft of the National Register of Citizens (NRC), Assam have been referred to the concerned district commissioners for necessary action. More than 19 lakh of the 3.29 crore applicants in Assam were excluded from the final draft register published on […]
Unique Land Parcel Identification Number (ULPIN) Scheme
Unique Land Parcel Identification Number (ULPIN) Scheme: Bhumi Samvaad’ – a National Workshop on Digital India Land Record Modernisation Programme (DILRMP) was held recently at India Habitat Centre here in the national capital. Talking about the importance of Unique Land Parcel Identification Numbers (ULPIN), Shri Singh said it is just like the Aadhar Number of […]
G.N. Bajpai Committee
G.N. Bajpai Committee: The International Financial Services Centres Authority (IFSCA), with an objective to develop the financial products and services International Financial Services Centre (IFSC) has constituted an Insurance Committee under the Chairmanship of Mr. G.N. Bajpai, former Chairman LIC and SEBI, to identify key areas for the development of insurance and reinsurance business from […]
Green Bonds
Green Bonds: Corporate green-bond issuance has reached new highs as U.S. companies including chip maker Micron Technology Inc., retailer Walmart Inc. and data-center company Equinix Inc. add the bonds as part of larger traditional bond offerings. The increasing issuance of green bonds, which finance environmentally friendly projects, comes as companies face pressure from investors, regulators […]
