Tag: Indian Economy

For 7PM Editorial Archives click HERE → Introduction The Vande Bharat trains have emerged as a potential game-changer in the Indian railway system, offering high-speed and comfortable travel experiences. With their modern design, indigenous manufacturing, and emphasis on the Make in India initiative, these trains showcase India’s technological advancements. They have achieved notable milestones, such as being the… Continue reading Vande Bharat trains: Potential and Challenges – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction  The Reserve Bank of India (RBI) recently announced the withdrawal of 2000 currency notes from circulation, while emphasizing that they will remain legal tender. This move aims to address various concerns and align with the RBI’s Clean Note Policy.  About the recent withdrawal of currencies Background and objectives: The 2,000 rupee… Continue reading Withdrawal of currencies: need and challenges – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The recent imposition of tax on international credit card transactions has stirred discussions. This new policy aims to address the disparity between debit and credit card transactions abroad and prevent bypassing of Liberalised Remittance Scheme (LRS) limits. However, it brings with it certain complexities. While aiming to enhance transparency and… Continue reading Tax on international credit card transactions: rationale and challenges – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction India is one of the first country in the world to impose a statutory obligation of Corporate Social Responsibility (CSR) for corporations through the Companies Act, 2013. India is perhaps the only country that makes both the spending and reporting of CSR obligations mandatory. The Government has also made it… Continue reading CSR, Corporate Social Responsibility in India: Provisions, Status and Challenges – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction India’s approach to regulating virtual digital assets (VDAs) is measured and considers the challenges posed by emerging technologies. The government has extended anti-money laundering provisions to VDA businesses and service providers, requiring them to register with the Financial Intelligence Unit-India. This move promotes transparency and aligns with global guidelines from… Continue reading Virtual digital assets(VDAs) and India’s stand on it– Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The global dominance of the US dollar in international trade and finance has long been a topic of discussion among policymakers and economists. In recent years, there has been a growing trend towards “De-dollarisation of global trade”, where countries seek to reduce their dependence on the US dollar in international… Continue reading De-dollarisation of trade: Opportunities and challenges – Explained, pointwise