The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization that aims to regulate the price and supply of oil in the world market.
Production Linked Incentive (PLI) Scheme
The government launched the Production Linked Incentive (PLI) Scheme that aim boosts the Indian manufacturing sector to become a global hub. The scheme informs financial incentives to companies whose production or sales meet a particular target for performance. The PLI Scheme also falls under the purposes of the government of reducing imports and increasing exports. Telecom and Networking Products Automobile and Auto Components What’s New? The Ministry of New and Renewable Energy has announced PLI for National Program on High-Efficiency solar PV Modules from the ministry for new and renewable energy from India.This scheme has been designed to contribute towards achieving the targeted high-gigawatt manufacturing capacity of High Efficiency Solar PV modules by investments of Rs 24000 crore. The PLI scheme has two sets of tranches – Tranche I and Tranche II.
Indian Sugar Mills Association (ISMA)
Retail Algorithm Trading Rules
They also need to have vendor identification and traceability measures.
Double Tax Avoidance Agreement (DTAA)?
What is Double Tax Avoidance Agreement (DTAA)? It aims to avoid double taxation incidents involving an income through bilateral agreements between two countries. The DTAA between India and Switzerland was signed in 1994 and amended in 2010 to prevent double taxation of income.
What is Algorithmic Trading?
Also read: Securities and Exchange Board of India (SEBI)
Foreign Exchange Reserve (Forex Reserves)
It is the asset which RBI hold. In most cases, those reserves are kept in the currency of advanced countries like US Dollar, Euro, Japanese Yen, or Pound Sterling. It is used to underpin the liability-and-reserve-system created by other financial institutions or government which banks have deposited with them in safekeeping. Purposes of Keeping Forex Reserves Why High Forex Reserves? Significance of Forex Reserves Components of Forex Reserves: Assets in Foreign Currencies: A significant part of the reserves raised foreign currency assets by $2.061 billion, up to $568.852 billion. These assets reflect the impacts of the appreciation or depreciation of all currencies except the US. Gold Reserves: Gold reserves fell by $595 million and now stand at $66.979 billion. Special Drawing Rights: SDR’s rose by $22 million, now at $18.007 billion. Reserve Position with IMF: The reserve position of India with International Monetary Fund increased by $22 million to stand at $4.254 billion.
Income Inequality & Gini Coefficient
What is Income Inequality Income inequality is the uneven distribution of income across a population. It’s a concern in many countries around the world, and it’s often accompanied by wealth inequality, which is the uneven distribution of wealth. Gini Coefficient The Gini coefficient is a number between 0 and 1 or 100.
Editorial Analysis 14 December
Aims for Tax Justice India should have an ambitious tax justice plan in which the richest Indians are asked to return a portion of their wealth to fund public services like education and health. The productivity gap cannot be closed by making dismissing workers easier; it must come from such an ambitious plan. Ideal Income-Tax Slab for the Rich Opposition of Income Tax Statistics Impact on Inequality Due to AI Views of Chief Economic Advisor V Anantisha Nageswaran on Capital Taxation
Retail investors
Retail investors are individuals who buy and sell financial securities for personal financial goals, using their own money. They generally invest in smaller quantities, using brokerage accounts, mutual funds, or fintech platforms.
