Direct Tax-GDP Ratio: Direct tax-GDP ratio rose to 15-year high in FY-2023. Direct tax-to-GDP ratio, rose to a 15-year high of 6.11 per cent in the financial year 2022-23, time-series data released by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance. Tax-GDP ratio measures how much tax is collected in relation […]
Category: Economics Current Affairs
GIFT IFSC
GIFT IFSC: Gujarat International Finance Tech-city (GIFT) SEZ is India’s first International Financial Services Centre (IFSC). The Government allowed the direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC. In pursuance of the announcement on July 28, 2023, by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to […]
Halwa Ceremony : Before The Annual Budget Presentation
Halwa Ceremony : Before The Annual Budget Presentation The Union Finance Minister participated in the ‘Halwa Ceremony’ recently, a tradition observed before the annual budget presentation. Halwa Ceremony is a tradition performed every year ahead of the budget and signifies the official initiation of the printing process of various documents related to the budget. It […]
National Monetization Pipeline
National Monetization Pipeline: The Centre has decided to conduct an Asset Recycling Drive under the National Monetization Pipeline (NMP), aiming to generate resources for new investments in infrastructure. The Centre’s asset recycling drive is expected to generate around Rs 1.5 trillion in the fiscal year 2024-25. Transactions with monetisation values of around Rs 0.97 trillion […]
SCOPE’s Commendation Certificate To NHPC
SCOPE’s Commendation Certificate To NHPC: National Hydroelectric Power Corporation (NHPC) Limited, a Mini Ratna Category-I Public Sector Undertakings (PSU) and India’s premier hydropower company achieved a significant milestone by being honoured with Standing Conference of Public Enterprises (SCOPE’s) ‘Commendation Certificate’ for its effective implementation of the Right to Information (RTI) Act, 2005. The award highlights […]
Guidelines For Coaching Centre
Guidelines For Coaching Centre: The Ministry of Education has sent to states/UTs for consideration guidelines for coaching centres. Key features of the Guidelines: Registration of Coaching Center Prior registration is required for maintaining a coaching centre. Existing centres must apply within three months. For States States/UTs were urged to Develop an Online Registration Portal for […]
18th Annual Status Of Education Report (ASER) 2023
18th Annual Status Of Education Report (ASER) 2023: The 18th Annual Status of Education Report (ASER) 2023 titled ‘Beyond Basics’ was released by NGO Pratham, discussing the activities students are engaged in, their basic and applied reading and maths abilities and digital awareness and skills. Highlights of the ASER 2023: Overall, 86.8% of 14-18-year-olds are […]
Yen Green Bonds
Yen Green Bonds: REC Limited issued the first Japanese Yen green bonds worth JPY 61.1 billion. REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has achieved a significant milestone by issuing its inaugural Japanese Yen (JPY) 61.1 billion (approximately Rs 3,500 crore) green bonds. Yen green bonds is REC […]
Centre For Fourth Industrial Revolution (C4IR) : Hyderabad
Centre For Fourth Industrial Revolution (C4IR) : Hyderabad Telangana has signed an agreement with the World Economic Forum (WEF) to establish the Centre for Fourth Industrial Revolution (C4IR) in the state capital, Hyderabad. C4IR stands for the Centre for Fourth Industrial Revolution. It is an initiative by the World Economic Forum (WEF) to establish centres […]
Windfall Tax : India Cut Its Windfall Tax On Petroleum Crude
Windfall Tax : India Cut Its Windfall Tax On Petroleum Crude India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification. Windfall Tax levied by governments against certain industries when economic conditions allow those industries to experience significantly above-average profits. […]
