Page-55 of Economy & Banking Current Affairs

Air India Deal with Airbus and Boeing

February 16, 2023

The Government of India recently disinvested Air India to TATA. Since TATA took over the airlines, many changes were brought in. Air India was merged with VISTARA Airlines. The company introduced the Coruson software for real-time data acquisition, to learn ..

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What are Transfer Pricing Rules?

February 16, 2023

The Income Tax department recently conducted surveys in BBC offices located in Mumbai, Delhi, and in different other cities in the country. According to the IT Department, the BBC has violated “TRANSFER PRICING RULES”. Transfer Pricing is a practice where ..

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West Bengal Budget 2023-24

February 15, 2023

The State Finance Minister of West Bengal Chandrima Bhattacharya recently presented the state budget for the financial year 2023-24 at the assembly hall. Mamata-led government is to focus on start-ups, rural connectivity and the manufacturing industry in 2023-24. The finance ..

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Black Sea Grain Deal

February 15, 2023

Ukraine is one of the largest exporters of food grains such as rapeseed, maize, wheat, and sunflower oil. The country has good access to the Black sea ports. Ukrainian ports in the Black sea are the lifelines of the country’s ..

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Millet International Initiative for Research and Awareness

February 15, 2023

The Government of India is to launch Millet International Initiative for Research and Awareness. It is in line with the United Nations’ plans for the International Year of Millets, which is 2023. India brings in the concept of “SEED MONEY” ..

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BIMARU States Acronym

February 15, 2023

BIMARU is an acronym for the states BI: Bihar; MA: MP, R: Rajasthan, and U: UP. The acronym was formed by Ashish Bose, an economist from the 1980s. BIMARU (Bimar) in Hindi means sick. The economist framed the acronym to ..

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CBDT notifies 6 income tax return forms

February 15, 2023

The taxpayer should fill out the income tax return form and submit it to the Income Tax Department. The IT dept calculates the liabilities of the taxpayer. If he or she has paid extra taxes, then a refund is made. ..

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CPI and WPI based inflation Data Updates

February 15, 2023

The Wholesale Price Index reduced to 4.73% and the Consumer Price Index increased to 6.52% in January 2023. The WPI was 4.95% in December 2022 and the CPI was 5.72% in December 2022. In January 2022, the WPI was 13.68%. ..

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States’ allocation towards education – Data

February 15, 2023

Finance Minister Smt Nirmala Sitaraman presented the Union Budget in Parliament on February 1, 2023. Following the union budget the state governments too presented their budget for the financial year 2023-24 in their respective legislative assemblies. Of all the states, ..

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Bima Sugam Portal

February 14, 2023

The growth rate of the insurance sector in the country is very slow. Indian insurance sector accounts for less than 1.5% of world insurance. GoI has been taking several measures to increase investment in the sector. The FDI limit was ..

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