by Team Spectrum Books | Jan 30, 2021 | Economy
The AatmaNirbhar Bharat Abhiyaan (ANBA) or self-reliant India movement is a special economic package of ` 20 lakh crore, announced by the prime minister on May 12, 2020. In what has come to be called AatmaNirbhar Package 1.0, an ambitious package billed at 10 per...
by Team Spectrum Books | Jan 30, 2021 | Economy
In the wake of the COVID-19 pandemic, India went into a long lockdown to break the chain of infection. It began from the midnight of March 24, 2020 which was completely unprecedented. Initially, imposed for 21 days, the lockdown was extended to last till May 17, 2020...
by Team Spectrum Books | Jan 27, 2021 | Economy
GST Compensation The mechanism of a nationwide Goods and Services Tax (GST) came into existence with the Constitution (One Hundred and First Amendment) Act 2016. As per the Act, the central government is required to compensate states for their loss of revenue arising...
by Team Spectrum Books | Jan 26, 2021 | Agriculture, Economy
Introduction Three farm bills, initially issued as ordinances in June 2020, were passed by voice-vote in the Lok Sabha and the Rajya Sabha in September 2020; they received presidential assent on September 27, 2020 and became acts. However, due to the massive protests...
by Team Spectrum Books | Jan 10, 2021 | Economy
The Directorate General of Goods and Services Tax Intelligence (DGSTI) has initiated a crackdown on fake invoicing networks which have caused a huge loss of more than ` 1.19-lakh crore in the last three years. This amount is close to the deficit that the Centre owes...
by Team Spectrum Books | Jan 10, 2021 | Economy
In a move to standardise the process of onboarding retailers on e-marketplaces, and supply and delivery of products through online channels, India will soon set protocols for digital commerce. As reported on November 26, 2020, the Department for Promotion of Industry...
