Category: 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
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.

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.
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.
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.