Centre Proposes New Tax Measures on Crypto Assets

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 ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Impact of Corporate Tax Cuts

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. ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

RBI Conducts $10 Billion Dollar/Rupee Swap Auction

The Reserve Bank of India (RBI) has announced $10 billion three-year dollar/rupee swap auction. Scheduled for February 28, this initiative aims to address the persistent liquidity deficits within the banking system. The RBI’s recent actions reflect a proactive approach to ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Working Hours and Economic Impact in India

A working paper titled ‘Time Spent on Employment-Related Activities in India’ was recently released by the Economic Advisory Council to the Prime Minister.  The analysis is based on the 2019 Time Use Survey conducted by the Ministry of Statistics and ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

New India Co-operative Bank Crisis and DICGC’s Role

The New India Co-operative Bank in Mumbai faces turmoil following allegations of a Rs 122 crore fraud. The Reserve Bank of India (RBI) has imposed strict restrictions on the bank. These measures include barring the bank from granting new loans, ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Bharat Tex 2025

Bharat Tex 2025 is global textile event held in New Delhi from February 14 to 17, 2025. During this event, Prime Minister Narendra Modi announced ambitious targets for India’s textile exports, aiming to increase from ₹3 lakh crore to ₹9 ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Key Features of New Income Tax Bill 2025

The New Income Tax Bill 2025 aims to modernise and simplify India’s income tax framework. Scheduled to take effect on April 1, 2026, the bill introduces several changes while maintaining existing tax rates and principles. It focuses on clarity, coherence, ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

SEBI Proposes New Guidelines for ESG Rating Providers

The Securities and Exchange Board of India (SEBI) has recently introduced new guidelines for Environmental, Social, and Governance (ESG) Rating Providers (ERPs). These measures aim to enhance transparency and accountability in the ESG rating process. The guidelines clarify the conditions ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

IEA Releases India Gas Market Report

The International Energy Agency (IEA) recently released the report titled “India Gas Market Report: Outlook to 203”. It revealed that India’s natural gas demand is expected to grow by 60% by 2030, reaching 103 billion cubic meters (bcm) annually, making ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs

Logistics Performance Index, 2023

Union Shipping Minister Sarbananda Sonowal recently briefed Rajya Sabha about Logistics Performance Index. India has made strides in its logistics sector, achieving notable rankings in the World Bank’s Logistics Performance Index (LPI) 2023. The country is now 22nd in the ..

Month: Current Affairs - February, 2025

Category: Economy & Banking Current Affairs