Page-18 of Economy & Banking Current Affairs

What is LTCG Tax?

July 29, 2024

The long-term capital gains (LTCG) tax system underwent substantial modifications in the Union Budget for 2024–2025; most notably, the indexation advantage was eliminated. Taxpayers were confused and concerned about this choice, but the government clarified it and insisted that the ..

Month: 

Category: 

What is Agristack and how will it work?

July 25, 2024

In the 2024-25 Budget, Nirmala Sitharaman, the Finance Minister, called for a Digital Public Infrastructure (DPI) for the agriculture sector. The goal of this DPI is to connect more than six crore farmers to a formal land registry system through ..

Month: 

Category: 

What is a Climate Finance Taxonomy?

July 24, 2024

Nirmala Sitharaman, the Minister of Finance in India, presented the Union Budget on July 23, 2024. In it, she highlighted the initiative taken by the government to build a “climate finance taxonomy.” Through the implementation of this strategic shift, the ..

Month: 

Category:  •

Economic Survey 2023-24 – Recent Updates

July 22, 2024

On July 22, the Economic Survey 2023–24 will be released by Union Finance Minister Nirmala Sitharaman. This is the first day of the summer session of Parliament. This is not how things usually work; Economic Surveys usually come out on ..

Month: 

Category: 

IMF Agrees to $7 Billion Loan Program for Pakistan

July 13, 2024

The International Monetary Fund (IMF) and Pakistan reached a deal on July 12, 2024, for a $7 billion loan program that will last for 37 months. The main goal of this Extended Fund Facility program is to help Pakistan, a country ..

Month: 

Category: 

What is Angel Tax? – Current Updates (July, 2024)

July 11, 2024

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested that the unpopular “angel tax” on startups should be gotten rid of. This could be announced in the Union Budget. The DPIIT secretary stated that a proposal to ..

Month: 

Category: 

India, Russia Aim for $100 Billion Trade Target by 2030

July 10, 2024

At the 22nd yearly summit between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi in Moscow, India and Russia announced a plan to improve their strategic economic cooperation. This is a big deal. This move comes at a ..

Month: 

Category: 

India Creates 46.7 Million Jobs in Fiscal 2023-24

July 9, 2024

India’s employment rate went up a lot in the fiscal year 2023–24, adding 46.7 million new jobs for a total of 643.3 million jobs across the country. The number of jobs has grown by 6%, which is a big jump ..

Month: 

Category: