IIM-A Agriculture Land Price Index

IIM-Ahmedabad (IIM-A) has collaborated with SFarms India, an e-marketplace for agricultural land to develop a farm land price index that is based on the purchases and sales done on the platform. This index has been designed with the aim of ..

Month: Current Affairs - June, 2022

Category: Agriculture Current Affairs • Economy & Banking Current Affairs • India Nation & States Current Affairs

PFC: Green bonds on Luxembourg Stock Exchange

State-owned Power Finance Corporation (PFC) has announced that its maiden green bonds worth 300 million euros have been listed on the Luxembourg Stock Exchange (LSE). RS Dhillon, PFC Chairman and Managing Director (CMD) rang the bell during the listing ceremony ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

GST Collections in May 2022

In the month of May 2022, the Goods and Services Tax (GST) revenue stood at around Rs 1.41 lakh crore. This is a 44 percent increase in comparison to May 2021. The GST collection in May was lower than what ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

India’s Textiles Exports in FY 2021-22

In the financial year 2021-22, India recorded its highest-ever apparel and textiles exports which stood at USD 44.4 billion. The exports tally also includes handicrafts and indicates a substantial increase of 41 per cent and 26 per cent in comparison ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

RBI Annual Report 2021-22: Highlights

In its annual report that has been released by the Reserve Bank of India (RBI), the central bank has highlighted that the Indian economy will most likely bounce back despite the present global risks. What are the various key highlights ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

General Anti-avoidance Rule (GAAR)

Recently, the Department of Revenue under the Ministry of Finance started investigations under the General Anti-avoidance Rule (GAAR) into firms misusing the law. Many firms have been using creative methods to avoid paying taxes to the government. What is General ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Power Ministry Scheme to liquidate DISCOM Dues

The Ministry of Power recently announced that it is working on a scheme to liquidate the dues of power distribution companies (discoms). What are the key details of the scheme? The proposed scheme aims to provide relief to the power ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

RBI Norms for Setting Up of Bharat Bill Payment Operating Units

The Reserve Bank of India has eased the norms for non-bank entities for setting up Bharat Bill Payment operating units by reducing the net worth that is required to Rs 25 crore. This was done with the aim of encouraging ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

RBI norms for import of Gold

The Reserve Bank of India (RBI) introduced norms for facilitating the physical import of gold through India International Bullion Exchange (IIBX) or any authorized exchange by Qualified Jewellers in India. The exchange should be authorized by the International Financial Services ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Sale of Hindustan Zinc stake

The Union Cabinet Committee on Economic Affairs (CCEA) has approved the sale of the government’s remaining stake of 29.5% in Hindustan Zinc Limited (HZL). At the current market price, the sale of the government’s 29.5% stake will fetch the government ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs