economy

CCI New Definition to Curb Predatory Pricing

Context: The Competition Commission of India has revised the definitions of various cost measures it will apply in assessing whether a company's pricing of goods or services constitutes predatory pricing. About Predatory Pricing Predatory Pricing is a form of anti-competitive behaviour...

Free Trade Agreement (FTA) and Double Contribution Convention Agreement

Context: India and the U.K. have successfully concluded a Free Trade Agreement (FTA), along with a Double Contribution Convention. What is a Free Trade Agreement (FTA)? A Free Trade Agreement (FTA) is a pact between two or more nations to...

India Rises to 130th Rank on Human Development Index Out of 193 Countries

India has recorded a significant improvement in the Human Development Index (HDI) 2024, climbing to position 130 among 193 countries, as indicated in the most recent United Nations Development Programme (UNDP) report. This represents a consistent increase from last year's...

Tax Collected at Source (TCS), Rates and Calculation Method

Context: Wrist watches, handbags, antiques, paintings, sculptures, sunglasses, home theatre systems, shoes, and sportswear priced over Rs 10 lakh will now face a Tax Collected at Source (TCS) levy of 1 per cent at the point of sale. Tax Collected...

Fair and Remunerative Price (FRP), Factors, Implications

Context: The Union Cabinet has approved the Fair and Remunerative Price of sugarcane payable by Sugar Mills to sugarcane farmers for the sugar season 2025-26. Fair and Remunerative Price (FRP) Fair and Remunerative Price (FRP) is the minimum price that sugar...

Concept of GDP, GNP, NNP and NDP, Basic Economy Terms

The terms GDP, GNP, NNP, and NDP are basic indicators of the economic activity and national income of a nation. They are the worth of goods and services produced during a given period, typically a year, but vary in scope...

IMF’s Fiscal Monitor and Financial Stability Report (FSR)

Context: The IMF’s Fiscal Monitor and Financial Stability Report (FSR) has raised serious concerns about the global economic outlook, especially in the context of rising public debt, volatile financial markets, and policy uncertainties, including those associated with the US trade...

India’s first Certified Green Municipal Bonds

Context: Recently, India's first Certified Green Municipal Bonds were floated by Ghaziabad Nagar Nigam (GNN). What are Municipal Bonds? The Municipal Bond is a municipal bond issued by Urban Local Bodies (ULBs) such as municipal corporations for raising funds to finance public...

Top 10 Economies in the World 2025, Check Here!

As of 2025, the Top 10 Economies in the World 2025 are headed by world giants such as the United States, China, and Germany. They continue to reign supreme owing to their superior infrastructure, technological advancements, and robust consumer bases....

Minors Bank Account above 10 Years: Changes and Restrictions

Context: The Reserve Bank of India (RBI) has recently amended rules related to banking facilities available for Minors. Changes made by the RBI for Minors Bank Account Minors aged 10 years or above can now Open and operate savings and...