Category: Economy Concepts
Input Tax Credit (ITC) Under GST
Supreme Court laid down functionality and essentially test for Input Tax Credit (ITC) eligibility
Core Industries
Core sector output tanks for the first time in 42 months.
CASA Deposits
Due to recent liquidity concerns where loan growth has outpaced deposit growth, regulators and the government are emphasizing the need to increase overall deposits, particularly the CASA component.
Navratna Status
Solar Energy Corporation of India Ltd (SECI), a Central Public Sector Enterprise (CPSE) under Ministry of New and Renewable Energy, has recently been granted Navratna status by the Ministry of Finance.
Purchasing Managers’ Index (PMI)
India manufacturing PMI posts impressive growth in July
Venture Capital Fund
Union Budget 2024-25 proposes to set up ₹1000 crore venture capital fund for space economy
Angel Tax
Union Budget 2024-25 announces the scrapping of angel tax for all investors
Credit-Deposit (CD) Ratio
Reserve Bank of India has told banks to bridge the gap between credit and deposit growth and reduce CD ratio.
Credit Rating Agencies
New SEBI Guidelines for Credit Rating Agencies (CRAs) issued under SEBI Act (1992) and Regulation 20 of CRA Regulations.
Ways and Means Advances Scheme
Reserve Bank of India (RBI) has increased the Ways and Means Advance (WMA) limit of States/UT to ₹60,118 crores from existing ₹47,010 crores.
Currency Swap Agreement
RBI announces SAARC Currency Swap Framework for 2024-2027
Angel Tax and Capital Gains Tax
Amid a sharp decline in funding for startups, Indian Industries has sought the removal of Angel Tax and revision of Capital Gains Tax.