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Economy

NCLAT rejects Amazon’s appeal; orders deposit of Rs. 200 crore penalty in 45 days

June 13, 2022 by Rohit Mishra
NCLAT

On June 13, the National Company Law Appellate Tribunal (NCLAT) dismissed Amazon’s appeal against the Competition Commission of India’s (CCI) decision to suspend approval for the e-commerce giant’s deal with Future Coupons. Justice M. Venugopal … Read more

Categories Current Affairs, Economy Leave a comment

RBI raises rate by 50bps

June 8, 2022 by Rohit Mishra
RBI

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) unanimously voted on Wednesday to raise the policy repo rate by 50 basis points to 4.90 percent, with immediate effect, in line with its policy … Read more

Categories Economy, Current Affairs, National Leave a comment

India and Vietnam agree on logistics

June 8, 2022 by Rohit Mishra
India

In the presence of the two Defense Ministers, India and Vietnam signed a Memorandum of Understanding (MoU) on mutual logistics support on Wednesday during Defence Minister Rajnath Singh’s visit to the Southeast Asian nation. “The … Read more

Categories Current Affairs, Economy, International, National Leave a comment

In May, the GST brings in almost Rs.1.41 lakh crore

June 1, 2022 by Rohit Mishra
GST

In May, India’s gross Goods and Services Tax (GST) collections totaled 1,40,885 crore, up 44 percent from a year ago, with receipts from domestic transactions and services imports rising at the same rate, and goods … Read more

Categories Current Affairs, Economy, National Leave a comment

GST dues of ₹86,912 crores were released by the Centre to states

June 1, 2022 by Rohit Mishra
GST

The Centre released ₹86,912 crores on Tuesday, digging into its own resources beyond the 25,000 crore balance in the GST Compensation Fund, to pay the whole amount of Goods and Services Tax (GST) compensation payable … Read more

Categories Current Affairs, Economy, National Leave a comment

GDP growth slows to 4.1 percent in the fourth quarter

June 1, 2022 by Rohit Mishra
GDP

Provisional national income estimates issued on Tuesday show that India’s GDP growth dropped to a four-quarter low of 4.1 percent in the January-March period, down from 5.4 percent the previous quarter, as industrial production shrank. … Read more

Categories Current Affairs, Economy, National Leave a comment

Manufacturing recovery continued in May: S&P Global PMI

June 1, 2022 by Rohit Mishra
Manufacturing

According to the S&P Global India Manufacturing Purchasing Managers’ Index, Indian manufacturers obtained new orders at nearly the same rate as in April, despite raising prices at the fastest rate in more than eight and … Read more

Categories Current Affairs, Economy, National Leave a comment

Sri Lanka will ask India for an additional $500 million loan for petroleum

May 26, 2022 by Rohit Mishra
Sri Lanka

Sri Lanka has chosen to seek new aid from India in the amount of $500 million in order to increase its fuel imports, as the island continues to suffer from a debilitating economic crisis that … Read more

Categories Current Affairs, Economy, International, National Leave a comment

The RBI board has approved a surplus transfer to the central government of Rs. 30,307 crores

May 20, 2022 by Rohit Mishra
RBI

The Reserve Bank of India (RBI) board of directors met in Mumbai on Friday and approved a surplus transfer to the Central Government of Rs 30,307 crores for the fiscal year 2021-22 while keeping the Contingency … Read more

Categories Economy, Current Affairs, National Leave a comment

Inflation in the United Kingdom has reached a 40-year high

May 18, 2022 by Rohit Mishra
inflation

Official data released on May 18 showed that Britain’s annual inflation rate hit a 40-year high last month due to rising energy costs, exacerbating a cost-of-living issue. The Office for National Statistics (ONS) reported that … Read more

Categories Current Affairs, Economy, International Leave a comment
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