Open Acreage Licensing Policy (OALP)
Posted in Economy Concepts

Open Acreage Licensing Policy (OALP)

Ministry of Petroleum and Natural Gas initiated the 9th bidding round under Open Acreage Licensing Policy (OALP).

Countervailing duties
Posted in Economy Economy Concepts

Countervailing duties

U.S. and the EU have imposed Countervailing duties on Indian products against the RoDTEP scheme.

Posted in Economy Concepts Economy

Social Stock Exchange (SSE)

SGBS Unnati becomes the first entity to list on the social stock exchange.

Repo Rates
Posted in Economy Economy Concepts Economy Institutions

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)
Posted in Economy Economy Concepts Economy Institutions

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
Posted in Economy Concepts Economy Schemes and Initiatives

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.

MEP
Posted in Economy Agriculture Economy Concepts

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.

Core Sectors in Industry
Posted in Economy Concepts

Core Sectors in Industry

Core sector output grew 8.1% in September

Posted in Economy Economy Concepts Economy Institutions

Tax Base Widens

Direct Taxes Data shows robust growth in gross total income of individuals and a widening tax base.

Posted in Economy Economy Concepts

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.

Posted in Economy Economy Concepts

Periodic Labour Force Survey (PLFS)

Periodic Labour Force Survey (PLFS), carried out by the National Sample Survey Office (NSSO), has reported that unemployment rate in urban areas of the country has shown a decrease during the period April-June 2023.

Posted in Economy Economy Concepts

Surety Bonds

Surety Insurance Bonds market – an alternative to bank guarantees in infrastructure projects — has failed to take off in the last three years due to technical and financial impediments.