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Why in the news? Net direct tax collections exceed 2023-24 target, driven by personal income tax surge; corporate tax contribution declines. About the Growth in Tax Kitty: India’s net direct tax collections rose by 17.7% in 2023-24, reaching ₹19.58 lakh crore. This surpassed both the Budget estimates and revised estimates by 7.4% and ₹73,000 crore …
Read MoreSyllabus: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Focus: Early signs of crowding in of private investment, domestic demand resilient Source: THE PRINT Reasons for Decline in Private Investments Economic Policy Uncertainty: Unfavorable government policies and policy uncertainty have deterred investment, reducing private sector confidence. Inverse …
Read MoreSyllabus: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights. Focus: Recently, the Union Cabinet approved amendments in the Foreign Direct Investment (FDI) policy pertaining to the space industry. Source: …
Read MoreWhy in the news? ADB recommends India simplify tariff policy, enhance trade competitiveness, and integrate into global value chains to boost the manufacturing sector. About the Simplification of Tariff Policy: ADB suggests India streamline its tariff policy to enhance trade competitiveness and boost integration with global value chains. Simplified tariff regulations can facilitate smoother trade …
Read MoreWhy in the news? Global trade is set to rebound in 2024, with increased consumption demand in advanced economies, despite lowered growth forecasts. Source:eduprep About Global Trade Outlook: The World Trade Organisation (WTO) forecasts a rebound in global trade volumes in 2024. Consumption demand is set to increase in advanced economies, driving growth after a …
Read MoreSyllabus: GS-1-Women and their role in development and related issues of women GS-3 – Women issues Focus: The LFPR of women is decreasing and certain urgent actions are needed to cope up with the issue and achieve SDG of gender equality . This article deals with the exemplary case study of Japan. Source- UN Introduction: …
Read MoreSyllabus: GS-1-Ancient history and the city planning, Geographical factors for urbanisation GS-3 – Urbanization , issues and remedies Focus : The rate of urbanization in Bengal is higher than that of the country and 35% of the state’s population live in urban area compared to 32% national average. Source- UN Colonial Legacy: Colonialism played a …
Read MoreSyllabus: GS 3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Inclusive Growth and issues arising from it. Focus: The article discusses the current state of the Indian economy, highlighting its robust growth, challenges, and the need for sustainable and inclusive development. With recent economic data releases showing promising …
Read MoreWhy in the news? RBI maintains a repo rate at 6.50% due to concerns over high food prices despite moderate overall inflation. Source:eduprep About the Concern Over Food Prices: RBI remains concerned about the spike in food prices despite a moderation in overall inflation. The Monetary Policy Committee (MPC) decides to keep the policy repo …
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