Category: Economics Current Affairs

India Industrial Land Bank: The India Industrial Land Bank (IILB), a GIS-based portal, has seen a 30% increase in page views each month since April 2021. India Industrial Land Bank (IILB): Department for Promotion of Industry & Internal Trade (DPIIT) has developed IILB portal, a GIS-enabled database of industrial areas/clusters across the country to adopt […]

Five New Portals On Ayush Sector: Five new portals on Ayush Sector have been launched – CTRI (Clinical Trial Registry of India), RMIS (Research Management Information System), SAHI (Showcase of Ayurveda Historical Imprints), AMAR (Ayush Manuscripts Advanced Repository), and e-Medha (electronic Medical Heritage Accession). New Portals: Clinical Trial Registry of India (CTRI): It is a […]

India Industrial Land Bank (IILB): It is a GIS-based portal with all industrial infrastructure-related information such as connectivity, infra, natural resources and terrain, plot-level information on vacant plots, line of activity, and contact details. It acts as a one-stop repository of all industrial infrastructure-related information. It serves as a decision support system for investors scouting […]

Authorised Economic Operators Programme: The Central Board of Indirect Taxes & Customs (CBIC) has inaugurated the online filing of Authorised Economic Operators (AEO). The new version (V 2.0) of the web application is designed to ensure continuous real-time and digital monitoring of physically filed applications for timely intervention and expedience. Authorised Economic Operator (AEO) Programme: […]

Authorised Economic Operators (AEO): The Central Board of Indirect Taxes & Customs (CBIC) has inaugurated the online filing of Authorised Economic Operators (AEO) applications. The web application is designed to ensure continuous real-time and digital monitoring of physically filed AEO applications for timely intervention and expedience. AbAEO is a programme (2007) under the aegis of […]

Open Network For Digital Commerce: The Department for Promotion of Industry and Internal Trade (DPIIT) has issued orders appointing an advisory committee for its Open Network for Digital Commerce (ONDC) project that is aimed at curbing “digital monopolies”. This is in the direction of making e-commerce processes open source, thus creating a platform that can […]

White Flag Campaign: In Malaysia, some residents of low-income families have started waving white flags as part of the so-called “White Flag Campaign”, or the #benderaputi (white flag) movement. They are doing this to convey distress about the financial crunch they have had to deal with amid the lockdowns due to Covid-19. Malaysia enforced another […]

Anti-Dumping Duty: The government has decided not to impose Anti-Dumping Duty (ADD) on imports of certain copper products, from China, Thailand, Korea and three other countries. In April, Directorate General of Trade Remedies (DGTR) recommended imposing the duty on “copper and copper alloy flat-rolled products” from China, Korea, Malaysia, Nepal, Sri Lanka and Thailand, after […]

India Joins OECD/G20 Inclusive Framework Tax Deal: India and the majority of the members of OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) have joined a new two-pillar plan to reform international taxation rules. The two-pillar plan – inclusive framework tax deal on Base Erosion and Profit Shifting (BEPS)- seeks to reform international […]