Context: The government is considering the introduction of a regulatory regime for virtual or crypto currencies like Bitcoin, that would enable the levy of the Goods and Services Tax on their sale. Introduction: Bitcoin’s value has skyrocketed over the last six months The circulation of virtual currencies has been a cause of concern among central… Continue reading Bitcoin trade under SEBI’s domain
Category: ECONOMY-2
Growth scope for Indian Textile Industry
Context: India needs to have new textile policy Key facts related to Indian textile industry: India’s textile sector covers everything from fibre to garments is the second-largest employment generation sector after agriculture, employing an estimated 32 million workers. Textile industry not only provides livelihoods to millions of households, but is a storehouse of traditional skills,… Continue reading Growth scope for Indian Textile Industry
Shaping India’s growth with Startup India
Context: The government is concerned about the minuscule number of start-ups becoming eligible for tax benefits under the Startup India programme. Introduction: Only 39 start-ups have qualified for tax sops even after 18 months of flagship initiative launched by the government. Till March (2017), only around 10 start-ups were found eligible for tax benefits. Current… Continue reading Shaping India’s growth with Startup India
Financial Inclusion in India – an overview
Context: Over the past few years, efforts to drive financial inclusion in India have delivered mixed results. Introduction: Financial inclusions in India result into a dramatic change like access to bank accounts has increased, driven by a strong policy and regulatory push. What is Financial Inclusion? Financial inclusion is the delivery of financial services at… Continue reading Financial Inclusion in India – an overview
TRAI in contradiction with GST Rates
Context The Telecom Regulatory Authority of India has pitched for a reduction in the GST rate for telecom services. Details TRAI has asked the Department of Telecom (DoT) to approach the Finance Ministry with two issues: Reduction in GST rate to 5%cent from the current 18% Treating telecom as core infrastructure sector and economy enabler… Continue reading TRAI in contradiction with GST Rates
Mobility in India set to get pricier
Context: A recently published study, “Indian auto-mobility 2020: A perceptive picture,” has forecast several key changes in the transport sector in the next few years. Details The study was conducted by the researchers of the Indian Institute of Science, Bengaluru, the Indian Institute of Management, Lucknow, and Bangalore, and the Central Road Research Institute, New… Continue reading Mobility in India set to get pricier
MSCI to add China’s local currency shares
Context MSCI plans to add China’s local currency shares to its benchmark emerging markets index. Why are MSCI indices significant? Presence in MSCI stock indices attracts investment interest from foreign and brings an earmark of financial credibility. Moreover, the indices are closely tracked by investors from all around the globe. How will it impact china?… Continue reading MSCI to add China’s local currency shares
Post Recession India’s Stand and Opportunities
Context After the recession of 2008, the world recovery has been slow and while for most of the countries, high or higher growth rate might be ambiguous or illusionary India has great opportunity before it. Background Post 2008 recession the global economy has recovered at a tepid rate of around 2.5% per annum. Now what… Continue reading Post Recession India’s Stand and Opportunities
Critical Analysis of Goods and Service Tax
Context India’s biggest tax reform since independence, rolled out on 1st July, 2017. The new good and simple GST (Good and Service Tax) ushers in a ray of hope for the economic pillars of the country. About GST bill GST will subsume all local and central indirect taxes (except customs duty). GST is a consumption… Continue reading Critical Analysis of Goods and Service Tax
Anti-profiteering measures under GST
To read the basics of GST: Click Here Context Government to bestow Anti-profiteering Body with unrestrained power, under GST regime. Anti-Profiteering Provisions under the GST Law Current Scenario India has finalized four tax rates that will apply to services including telecoms, insurance, hotels and restaurants under a new sales tax which should be rolled out… Continue reading Anti-profiteering measures under GST
