K-shaped Economic Recovery: The prospects of a K-shaped recovery from COVID are increasing both in India and across the world. A K-shaped recovery happens when different sections of an economy recover at starkly different rates. Households at the top of the pyramid are likely to have seen their in- comes largely protected, and savings rates […]
Category: Economics Current Affairs
GST: Three-Rate Framework
GST: The Government can rationalise the GST rate structure without losing revenues by rejigging the four major rates of 5%, 12%, 18% and 28% with a three-rate framework of 8%, 15% and 30%, as per a National Institute of Public Finance and Policy (NIPFP) study. The findings of the NIPFP, an autonomous think tank backed […]
What Is The Bharat Gaurav Policy?
What Is The Bharat Gaurav policy? To promote and attract tourism business, the Indian Railways Tuesday launched Bharat Gaurav trains that will be operated by private players and run on theme-based circuits. Through this policy, which offers operators the “Right of Use” of its rakes and infrastructure, the Railways has liberalised and simplified a part […]
River Cities Alliance
River Cities Alliance: Union Minister for Jal Shakti Shri Gajendra Singh Shekhawat launched the River Cities Alliance, a dedicated platform for river cities in India to ideate, discuss and exchange information for sustainable management of urban rivers. This first of its kind Alliance in the world symbolizes the successful partnership of the two Ministries i.e., […]
Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase V)
Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase V): The Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase V) for a period of another 4 months i.e. December 2021 till March 2022 @ 5 kg per person per month free of cost for all the beneficiaries covered under the […]
Cryptocurrency and Regulation of Official Digital Currency Bill, 2021
Cryptocurrency: The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, listed for introduction in Parliament’s Winter Session starting November 29, seeks to “create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India”. The Bill “seeks to prohibit all private cryptocurrencies in India, however, […]
National Family And Health Survey (NFHS)-5
National Family And Health Survey (NFHS)-5: The National Family and Health Survey (NFHS)-5, the most comprehensive survey on socio-economic and health indicators in the country, has been released. The previous four rounds of the NFHS were conducted in 1992-93, 1998-99, 2005-06 and 2015-16. Highlights of the Report: Women outnumber men, fertility has decreased, and India […]
Digital Service Tax
Digital Service Tax: India and the US have decided on a “transitional approach” to digital service tax imposed by the government. The terms of the deal will be the same that were thrashed out between the US and Austria, France, Italy, Spain, and the UK last week. The pact provides relief from the proposed American […]
Strategic Petroleum Reserves (SPR) Programme
Strategic Petroleum Reserves (SPR) Programme: India will release 5 million barrels of crude oil from its emergency stockpile in tandem with the U.S., China, Japan, and other major economies to cool oil prices. This is the first time ever that India, which stores 5.33 million tonne or about 38 million barrels of crude oil in […]
Central Consumer Protection Authority (CCPA)
Central Consumer Protection Authority (CCPA): The Central Consumer Protection Authority (CCPA) has initiated a country-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders published by the Central Government. In this regard, CCPA has already issued directions to district collectors across the country to investigate unfair trade practices and violation […]