Page-5 of Economy & Banking Current Affairs

China’s Crackdown on Neijuan

March 6, 2025

Recently, Chinese Premier Li Qiang addressed the National People’s Congress, denoting the government’s commitment to combating ‘Neijuan’. This term, meaning involutionary competition, describes a cycle of diminishing returns caused by excessive competition. As China’s economy slows, the government seeks to ..

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India’s Capital Gains Tax

March 4, 2025

India’s recent decision to impose a capital gains tax on foreign investors has stirred debate. Market experts, including Samir Arora, have termed it a major misstep by the government. The tax is seen as a deterrent for foreign institutional investors ..

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Global Race for Copper Resources

March 4, 2025

Currently, the global demand for copper is escalating. This surge is driven by the rise of electric vehicles and clean energy technologies. Countries like India, China, and the United States are prioritising the establishment of secure supply chains. India’s Copper ..

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NITI Aayog’s Report on Women’s Financial Empowerment

March 4, 2025

NITI Aayog recently published a report titled From Borrowers to Builders – Women’s Role in India’s Financial Growth Story. This report marks the increasing participation of women in seeking credit and managing their financial health. As of December 2024, 27 ..

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US Crypto Strategic Reserve

March 4, 2025

Recently, US President Donald Trump announced the formation of a United States ‘Crypto Strategic Reserve’. This initiative includes major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano. The announcement came just before the White House Crypto Summit, marking shift ..

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Indian Government Proposes Tax Revenue Cuts for States

February 28, 2025

The Government of India is considering a reduction in federal tax revenues allocated to states. This proposal is set to be presented to the Finance Commission of India, which plays important role in tax sharing and fiscal relations between the ..

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Philanthropy in India

February 28, 2025

The landscape of private philanthropy in India is evolving. Recent reports indicate increase in funding from high-net-worth individuals (HNIs) over the next five years. This growth is projected to be between 10% and 12% annually. As of FY24, the total ..

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Implications of US Withdrawal from IMF and World Bank

February 28, 2025

The potential withdrawal of the United States from key global institutions like the International Monetary Fund (IMF) and World Bank is raising alarms. This concern follows the absence of US Treasury Secretary Scott Bessent from recent G20 meetings. What Are ..

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Centre Proposes New Tax Measures on Crypto Assets

February 25, 2025

Recently, the Government of India announced changes to the taxation of virtual digital assets (VDAs). These changes aim to curb the misuse of cryptocurrencies and enhance tax compliance. The proposed measures will classify VDAs as undisclosed income under the block ..

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Impact of Corporate Tax Cuts

February 25, 2025

The Parliamentary Standing Committee on Finance convened on February 24, 2025, to scrutinise the implications of corporate tax cuts introduced in 2019. This meeting comes as the Union Budget faces review ahead of the parliamentary session reconvening on March 10. ..

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