economy

Gold Monetisation Scheme, Objectives, Features, Benefits

Context: The Government of India has decided to discontinue the Medium-Term and Long-Term Deposits (MLTGD) under the Gold Monetisation Scheme (GMS). About Gold Monetisation Scheme (GMS) The Gold Monetisation Scheme (GMS) was launched in November 2015 as a revamped version...

Equalisation Levy: Indian has decided to abolish Google Tax

Context: The central government has proposed to abolish the Equalisation Levy on online advertisements. What is the Equalisation Levy (EL)? Equalisation Levy (EL) is a direct tax aimed at ‘equalising’ the tax component of resident and non-resident e-commerce companies. Introduced...

Food Wastage, Issues, Challenges and Solutions

Context: The UNEP Food Waste Index Report 2024 highlights that 1.05 billion tonnes of food were wasted globally in 2022 (nearly 20% of all food available to consumers). The International Day of Awareness of Food Loss and Waste (FLW) is...

Private Capex Share in India’s Gross Fixed Capital Formation (GFCF)

Context: Private capital expenditure’s (capex) share in Gross Fixed Capital Formation (GFCF) dropped to 33% in FY24, marking a significant decline. What is Gross Fixed Capital Formation (GFCF)? Gross Fixed Capital Formation (GFCF) refers to the net investment in fixed...

India’s Marginalised in Parliamentary Budgetary Affairs

Context: In India, the executive-driven budget process limits parliamentary influence, leaving legislators with minimal opportunity to shape or scrutinize financial policies. Parliamentary Budgetary Affairs: Process of Budget Preparation Pre-Budget Consultations Formulation of Budget Estimates Approval by the Cabinet Presentation in...

Anti Dumping Duty, Goals, Legality and Examples

Context: To protect domestic manufacturers from cheap imports, India has imposed anti-dumping duties on five products imported from China. What is Anti Dumping Duty? Anti dumping duty is a protectionist tariff imposed by a country on foreign imports that are...

Unified Logistics Interface Platform (ULIP)

Context: The Unified Logistics Interface Platform (ULIP) has recorded over 100 crore API transactions, marking a key milestone in India’s logistics sector. About Unified Logistics Interface Platform (ULIP) Unified Logistics Interface Platform (ULIP) is a digital initiative launched under the National...

What is Merchant Discount Rate (MDR)?

Context: Recently the Union Cabinet approved a ₹1,500 crore incentive scheme to promote low-value BHIM-UPI transactions. What is Merchant Discount Rate (MDR)? Merchant Discount Rate (MDR) is a fee charged to merchants for processing digital transactions. It is deducted from...

Electronics Components Incentive Policy

Context: The Ministry of Electronics and Information Technology (MeitY) has finalized an incentive policy for electronic components manufacturing with a total outlay of ₹22,919 crore over six years. Key Features of the Electronics Components Incentive Policy Scheme Targeted Electronic Components:...

Tackling the Problem of Nutrition in India

Context: Although health was not a priority in Budget 2025, the increased allocations for Saksham Anganwadi and Poshan 2.0 suggest a stronger focus on nutrition in the coming financial year. However, it remains uncertain whether this will effectively address India’s...