Page-60 of Economy & Banking Current Affairs

FAO Food Price Index – January 2023

February 4, 2023

The Food Price Index tells the “monthly” price changes in world food prices. In January 2023, the World Food Price Index was 131.2. This is 0.8% less as compared to that of the food prices in December 2022. The major ..

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Parli-Vajnath-Vikarabad Electrification Project

February 4, 2023

India is to achieve 100% electrification of Railways by 2024. The target has been achieved in five different Railway zones. The fifth zone to achieve this was the North Central Railways. Recently, the Vikarabad – Parli – Vaijnath line was ..

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RBI,SEBI,and NSE Actions after Adani Row

February 3, 2023

After the Hindenburg report, Gautham Adani who was the second richest person in the world slipped to the 21st position according to the Bloomberg Billionaires Index. In the last ten days, he lost 108 billion USD. Hindenburg alleged Adani of ..

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PACS to function as CSC

February 3, 2023

The Government of India is to increase the number of PACS (Primary Agricultural Credit Societies) to two lakhs in the next five years. Also, GoI will create multi-purpose PACS in panchayats. Many storage houses are to be created along with ..

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Doctrine of Necessity Principle

February 3, 2023

The post of Chairman of the Competition Commission of India has been vacant since the retirement of Mr.Ashok Kumar Gupta in October 2022. Also, currently, there are only 2 members in the CCI. There are many mergers and acquisitions pending ..

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What is Angel Tax?

February 3, 2023

The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. Say a startup SSS sells one lakh shares to a person X. Selling price of one share ..

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Reserve Bank of India-Digital Payments Index

February 3, 2023

The RBI constructed the Digital Payments Index to learn about digital payments in the country. The index is calculated based on five parameters namely Payment Enablers, Consumer centricity, payment infrastructure on the demand side, and payment infrastructure on the supply ..

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PAN to be used as common identifier

February 2, 2023

PAN is a Permanent Account Number issued by the Income Tax Department of India. It is a ten-digit alphanumeric number. During the Union Budget 2023, Finance Minister Smt Nirmala Sitaraman announced that GoI is to use PAN as a universal ..

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Income Tax Slab Revamp

February 2, 2023

During the Union Budget presentation, Finance Minister Smt Nirmala Sitaraman announced that people earning up to Rs 7 lakhs need not pay taxes. Tax surcharges of the taxpayers in the highest tax bracket were reduced from 37% to 25%. The ..

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Advisory to air ‘National Interest Content’

February 2, 2023

The Government of India recently issued advisory guidelines to the private satellite TV channels in the country. According to the guidelines, private TV channels shall broadcast programs of social relevance and national importance for 30 minutes. This does not include ..

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