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Fair and Remunerative Price (FRP) Fair and Remunerative Price – FRP is the price declared by the government, which mills are legally bound to pay to farmers for the cane procured from them. Mills have the option of signing an…
K-Shaped Economic recovery A K-shaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or magnitudes. This is in contrast to an even, uniform recovery across sectors, industries, or groups of people. A…
Production Linked Incentive Schemes The Ministry of Electronics and IT had approved some proposals by electronics manufacturers under its Production Linked Incentive (PLI) Scheme. PLI Scheme: The production linked incentive (PLI) scheme, introduced by the government across the 10 key specific…
Thalinomics Amid the pandemic, thali prices exhibited significant variation among the states. The Economic Survey, however, said that the easing of CPI-C is expected to ease thali prices going forward. The Economic Survey 2019-20 offered a simple way of looking at…
Electoral Bond An electoral bond is like a promissory note that can be bought by any Indian citizen or company incorporated in India from select branches of State Bank of India. The citizen or corporate can then donate the same to…
Udyamimitra Portal Udyamimitra Portal is an enabling platform, aims to provide ‘End to End’ solutions not only for credit delivery but also for the host of credit plus services by way of handholding support, application tracking, multiple interface with stakeholders…
Digital Services Tax The United States Trade Representative (USTR) published a report concluding that the 2 per cent digital services tax (DST) introduced by the Indian government vide the 2020 Finance Act discriminates against US businesses, contravenes settled principles of…
RBI proposes 4-tier structure for tighter regulation of NBFCs The Reserve Bank of India (RBI) has proposed a tighter regulatory framework for non-banking financial companies (NBFCs) by creating a four-tier structure with a progressive increase in intensity of regulation. In its…
Faceless Tax Scheme The Central Government introduced the Faceless Assessment Scheme to provide greater transparency, efficiency and accountability in Income Tax assessments. All provisions introduced under Faceless Assessment, under the Income Tax Act, 1961, are introduced to- (a) Eliminate the…