India along with 125 countries have voted in favour of a resolution calling for a ‘UN tax convention’. About the resolution
Category: Economy
SEBI launches Investor Risk Reduction Access (IRRA) platform
The Securities and Exchange Board of India (SEBI) Chairman Madhabi Puri Buch launched the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE) on 20 November. About IRRA platform
Risk weighting for unsecured loans
The Reserve Bank of India (RBI) on 16th November increased the risk weighting for unsecured loans like personal loans and those on the credit card, from 100 per cent to 125 per cent. Key points The risk weighting for Read More …
Ladakh gets 4th GI tag for Sea Buckthorn
The Geographical Indication Registry has officially granted the GI tag to ‘Ladakh Sea Buckthorn’. About Sea Buckthorn
PM Kisan Bhai (Bhandaran Incentive) Scheme
The Union Ministry of Agriculture is planning to launch “PM Kisan Bhai (Bhandaran Incentive) Scheme”. Key proposed features Why this scheme? Problems with the scheme
IPEF members sign supply chain agreement
The third Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial Meeting was held in San Francisco on November 14, 2023. Key outcomes About IPEF
Government e-Marketplace achieves landmark Gross Merchandise Value of ₹2 Lakh Crore
Government e-Marketplace (GeM) has reached a significant milestone by surpassing ₹2 Lakh Crore in Gross Merchandise Value (GMV) within less than eight months of the current fiscal year, surpassing the total GMV inscribed at the end of last fiscal year Read More …
NHAI Accepts First Insurance Surety Bond as Bid Security for NHAI TOT Bid for Monetization
NHAI has accepted Insurance Surety Bond for the monetization program of the upcoming bid of Toll Operate Transfer (TOT) Bundle 14. Key points About Insurance Surety Bonds
Govt relaxes norms for Public Provident Fund, Senior Citizen’s Savings Scheme, and Time Deposit Scheme
The Government of India has eased the rules for various small savings schemes, including the public provident fund (PPF) and the senior citizen’s savings scheme. New norms for senior citizen’s savings scheme New norms for Public Provident Fund (PPF) New Read More …
APEDA facilitates export of first trial shipment of banana to The Netherlands
The Agricultural and Processed Food Products Export Development Authority (APEDA), operating under the Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh bananas to the Netherlands via a sea route. About Banana
IMF Executive Board approves 50% quota increase
The Executive Board of the International Monetary Fund (IMF) has approved a proposal to increase the quota. Benefits of quota increase About IMF Quota
World Intellectual Property Indicators (WIPI) report 2023
According to the World Intellectual Property Organization’s (WIPO) annual World Intellectual Property Indicators (WIPI) report 2023, global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators. Key highlights
Stand-by arrangement (SBA)
India abstained from Pakistan’s stand-by arrangement (SBA) loan request to the International Monetary Fund (IMF) in the executive board meeting in July 2023, according to India’s Ministry of Finance. Key points IMF’s executive board
Payment Aggregator-Cross Border (PA-CB)
The Reserve Bank of India (RBI) has brought under its direct regulation all entities facilitating cross-border payments for import and export of goods and services. Key points
Lewis model
Sir Arthur Lewis was was awarded the Nobel Memorial Prize in Economic Sciences in 1979. His best-known work is the dual-sector model of developmental economics, which is also known as the “Lewis model.” Lewis model