by Team Spectrum Books | Dec 28, 2020 | Economy
All the 28 states and the three Union Territories with legislatures have chosen the Centre’s ‘Option 1’ proposal to meet the revenue shortfall of Goods and Services Tax (GST). Jharkhand was the last state to give its acceptance to the Centre for Option 1, while...
by Team Spectrum Books | Dec 26, 2020 | Economy
The union cabinet on November 25, 2020, approved Rs.6,000 crore capital infusion in the National Investment and Infrastructure Fund (NIIF) debt platform over the next two years to boost infrastructure creation in the country. This move is expected to help the entity...
by Team Spectrum Books | Dec 14, 2020 | Economy
On October 29, 2020, the Office of Economic Adviser under the Department for Promotion of Industry and Internal Trade released the Index of Eight Core Industries (ICI) for September 2020. The Index shows monthly growth rates of eight core industries of the Indian...
by Team Spectrum Books | Dec 14, 2020 | Economy
As reported on October 14, 2020, the Reserve Bank of India (RBI) has clarified that loans, which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework, issued on August 6....
by Team Spectrum Books | Dec 5, 2020 | Economy
As reported on October 19, 2020, two renowned professors of Economy, Shoumitro Chatterjee and Arvind Subramanian, at Pennsylvania State University and Ashoka University, respectively, have expressed their concern over the ‘Atmanirbhar’ policy of the Government of...
by Team Spectrum Books | Nov 7, 2020 | Economy
The national auditor severely criticised the government’s offset policy for defence procurement in its latest reports tabled in Parliament on September 23, 2020. The CAG referred to the 36 Rafale fighter jets bought from Dassault Aviation and stated that the French...
