Tremors in The Currency Market Context: Domestic stock markets and the rupee faced rough weather in early trading on recently as the sharp rise in US inflation triggered concerns over more aggressive rate hikes and stronger capital outflows. What is the reason? In the first […]
WTO Ministerial Conference Context: The twelfth WTO Ministerial Conference is all set to begin from 12th June 2022 in Geneva, Switzerland after a gap of almost five years. What are the areas of focus? Fisheries subsidies negotiations, Agriculture issues including Public Stockholding for Food security, […]
Revenue Deficit Grant Context: The Department of Expenditure, Ministry of Finance has on Monday released the 3rd monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States. The grant has been released as per the recommendations of the Fifteenth Finance […]
FEMA Context: The Enforcement Directorate has seized ₹5,551.27 crore from Xiaomi Technology India Private Ltd. under the provisions of the Foreign Exchange Management Act (FEMA), in connection with the alleged illegal remittances made by the company. About FEMA: The Foreign Exchange Management Act of 1999 […]
Thrust on Capital Expenditure Context: Union Finance Minister Nirmala Sitharaman announced a 35 per cent increase in the outlay for capital expenditure in Financial Year 2022-23 in her Union Budget 2022 speech on February 2, 2022. The capital expenditure will be increased […]