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Why in the news? The Indian currency hit an all-time low against the U.S. currency this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar What is happening with the rupee? The Indian rupee has witnessed a steady decline this year, losing over 6% against the US dollar since the start of 2022. Indi... .Read more
Updated on 6 August, 2022 GS3 Mains Prelims Important article IPS IAS UPSC Economy Mains Prelims Important article IPS IAS UPSC
Why in the News? The government has planned a new car assessment programme (NCAP) in India, to be called the Bharat NCAP or B NCAP. What is Bharat NCAP? Bharat NCAP is a new car safety assessment programme which proposes a mechanism of awarding ‘Star Ratings’ to automobiles based on their performance in crash tests. BNCAP standard i... .Read more
Updated on 6 August, 2022 GS3 Mains Prelims Important article IPS IAS UPSC Economy Mains Prelims Important article IPS IAS UPSC
Why in the news? July 1, 2022, marked the completion of 5 years since the GST (Goods and Services Tax) was implemented in India. About GST GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in Par... .Read more
Updated on 6 August, 2022 GS3 Mains Prelims Important article IPS IAS UPSC Economy Mains Prelims Important article IPS IAS UPSC
Why in the news? NITI AAYOG recently published a report stating India’s thriving GIG and Platform Economy- Fiscal incentives to companies in which women and disabled make up a third of employees. What is the GIG Economy? The GIG economy consists of GIG workers who are temporarily engaged in livelihood outside the traditional employer-employ... .Read more
Updated on 6 August, 2022 GS3 Mains Prelims Important article IPS IAS UPSC Economy Mains Prelims Important article IPS IAS UPSC
Why in the news? The indirect tax reform, the Goods and Services Tax (GST), completed its five years in existence. How GST can affect prices In principle, implementing GST should not guide to a change in overall inflation. The revenue-neutral rate (RNR) is calculated so that it would not originate higher inflation. A revenue-neutral rate... .Read more
Updated on 6 August, 2022 GS3 Mains Prelims Important article IPS IAS UPSC Economy Mains Prelims Important article IPS IAS UPSC
Why in the News? As per recent news, The Markets in Crypto-Assets (MiCA) law of the European Parliament is the first detailed regulation for cryptos, and expect it to be a trendsetter for crypto regulation globally. What is MiCA Legislation? The MiCA law is in the quest to address issues like money laundering, protection of consumers and investor... .Read more
Updated on 6 August, 2022 GS3 Mains Prelims Important article IPS IAS UPSC Economy Mains Prelims Important article IPS IAS UPSC
