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CBDT Strengthens Crypto Tax Reporting Through OECD Framework Alignment Why in the News ? The Central Board of Direct Taxes (CBDT) has issued a comprehensive Guidance Note on crypto-asset reporting, aligning India’s tax framework with the OECD’s Crypto-Asset Reporting Framework (CARF). The move aims to improve tax compliance, curb evasion, and enable automatic exchange of …
Read MoreNEW TRADE PACT A WIN-WIN FOR INDIA AND U.K. Syllabus: GS 2: Effects of policies and politics of countries on India’s interest. Groupings and agreements involving India and/or affecting India’s interests. Why in the News? The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA) came into force on 15 July 2026, marking a major milestone …
Read MoreCURRENT ACCOUNT SURPLUS IN Q4 FY26 Why in the News? RBI Data: India recorded a Current Account Surplus (CAS) of 0.7% of GDP in the March quarter (Q4 FY26), lower than 1.4% in the corresponding quarter of the previous year. Annual Position: For FY26, the Current Account Deficit (CAD) stood at $25.2 billion (0.6% of …
Read MoreBihar Introduces Transit Pass System for Minor Minerals Why in the News ? The Bihar government has mandated Transit Passes (TP) for vehicles carrying minor minerals from other States. The move aims to curb illegal mining, improve revenue collection, and ensure digital tracking of construction materials amid rising infrastructure demand. Key Features of Bihar’s New …
Read MoreRBI ISSUES DRAFT REVISED GUIDELINES FOR LEAD BANK SCHEME Why in the News? Draft Circular: Reserve Bank of India (RBI) released draft revised guidelines for the Lead Bank Scheme (LBS) seeking public comments. Institutional Reform: The revision aims to strengthen coordination mechanisms under the State Level Bankers’ Committee (SLBC) OBJECTIVES OF REVISED LEAD BANK SCHEME …
Read MoreBulgaria Joins Eurozone, Adopts Euro Currency Officially Why in the News? On January 1, Bulgaria officially adopted the euro, becoming the 21st member of the eurozone. The move marks a major milestone in Bulgaria’s EU integration, with a short transition period allowing parallel circulation of the lev. This transition, reminiscent of the process for obtaining …
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