Category: Economy Concepts
National Multidimensional Poverty Index – Global MPI
A total of 24.82 crore individuals in India escaped multidimensional poverty over the last nine years
Income Inequality | Gini Co-efficient
Decline in income equality in recent years, a study by SBI Research
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Open Acreage Licensing Policy (OALP)
Ministry of Petroleum and Natural Gas initiated the 9th bidding round under Open Acreage Licensing Policy (OALP).
Countervailing duties
U.S. and the EU have imposed Countervailing duties on Indian products against the RoDTEP scheme.
Social Stock Exchange (SSE)
SGBS Unnati becomes the first entity to list on the social stock exchange.
Repo Rates | Policy Stances
RBI’s Monetary Policy Committee (MPC) unanimously decided to keep repo rates unchanged at 6.5%.
Global Systemically Important Banks (G-SIBs)
Financial Stability Board (FSB) published the list of Global Systemically Important Banks (G-SIBs) 2023 in consultation with Basel Committee on Banking Supervision (BCBS) recently.
Technical Textiles
India’s market for technical textiles is targeted to touch $40 billion by 2030 from the current $23 billion, said Rajeev Saxena, Joint Secretary, Ministry of Textiles.
Minimum Export Price (MEP)
Directorate General of Foreign Trade (DGFT) imposed a minimum export price (MEP) of $ 800 per tonne on onion exports till December 31 2023.
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Tax Base Widens
Direct Taxes Data shows robust growth in gross total income of individuals and a widening tax base.
Double Taxation Avoidance Agreement (DTAA)
Supreme Court held that DTAA cannot be given effect unless notified under Section 90 Income Tax Act which prescribes tax relief under the DTAA.