Minimum Alternate Tax: The Income Tax Appellate Tribunal (ITAT) recently observed that the assessee was entitled to claim credit for Minimum Alternate Tax (MAT) under the Vivad se Vishwas (VSV) Scheme. Minimum Alternate Tax (MAT) is a provision in the Income Tax Act of India. It primarily applies to companies and is designed to ensure […]
Category: Economics Current Affairs
Core Inflation
Core Inflation: According to economists, core inflation is likely to remain low, around 3% in the near term, owing to weak rural demand, softness in housing inflation and lower input cost pressures. Core Inflation is the change in the costs of goods and services excluding the price variations in seasonal elements, such as those related […]
Holistic Progress Card : National Council For Educational And Research Training
Holistic Progress Card : National Council For Educational And Research Training The HPC is a new approach to evaluating students’ academic performance that moves away from traditional reliance on marks or grades. Under the HPC model, students are actively engaged in class activities where they are encouraged to apply a range of skills and competencies, […]
DIETS Of Excellence : Minister Of Education And Skill Development
DIETS Of Excellence : Minister Of Education And Skill Development Union Minister of Education and Skill Development & Entrepreneurship launched various initiatives namely, DIETS of Excellence and National Mission for Mentoring (NMM). DIETS of Excellence is to strengthen teacher training, the District Institutes of Education and Training (DIET) will be developed into centres of excellence. […]
Logistics Excellence, Advancement, And Performance Shield Initiative
Logistics Excellence, Advancement, And Performance Shield Initiative: The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry organised a LEAPS Valedictory Session recently. LEAPS (Logistics Excellence, Advancement, and Performance Shield) Initiative is a flagship initiative by the logistics division of DPIIT, Ministry of Commerce and Industry, designed to acknowledge and […]
New Holistic Progress Card
New Holistic Progress Card: The National Council for Educational and Research Training (NCERT) is introducing a new ‘holistic progress card’ (HPC). HPC, developed by Performance Assessment, Review, and Analysis of Knowledge for Holistic Development (PARAKH), a standard-setting body under the NCERT, for the foundational stage (Classes 1 and 2), preparatory stage (Classes 3 to 5), […]
Foreign Exchange Reserve : India Status
Foreign Exchange Reserve : India Status India’s foreign exchange reserves surged by $2.98 billion to $619.07 billion recently. Foreign Exchange Reserves (also called Forex Reserves) are reserve assets held by a central bank in foreign currencies. Foreign assets comprise assets that are not denominated in the domestic currency of the country. These may include foreign […]
Juice Jacking
Juice Jacking: The Reserve Bank of India (RBI) has issued a cautionary message to mobile phone users about juice jacking. Juice jacking was first coined in 2011 by investigative journalist Brian Krebs. It is a form of cyberattack where a public USB charging port is tampered with and infected using hardware and software changes to […]
Regulatory Sandbox Scheme
Regulatory Sandbox Scheme: The Reserve Bank tweaked guidelines for Regulatory Sandbox (RS) scheme. Regulatory Sandbox scheme refers to the live testing of new products or services in a controlled regulatory environment. It acts as a “safe space” for business as the regulators may or may not permit certain relaxations for the limited purpose of […]
SWAYAM Plus Platform
SWAYAM Plus Platform: The Union Minister of Education and Skill Development and Entrepreneurship launched the ‘SWAYAM Plus’ platform. SWAYAM Plus platform offers courses developed collaboratively with the industry. This platform aims to enhance the employability of both college students and lifelong learners. It will offer programmes in sectors like Manufacturing, Energy, Computer Science and Engineering/IT/ITES, […]
