ECONOMY by VIVEK SINGH

2024-06-09 11:38:29 My Indian Economy Book (8th Edition) will be released next month once the new budget is presented. Open / Comment

2024-06-03 15:48:18 Economy (Pre cum Mains) Module 2025 Open / Comment

2024-05-29 17:40:06 Discount available only till 30th May Open / Comment

2024-05-29 17:37:01 Join Economy Capsule Pre Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir

Start Date: 18th June, 2024

Early bird discount till 30th May

Course Features:
Covers both Static and Current Affairs.
Economic Survey and Budget will be covered
Includes Previous Years Questions

Payment Link:
* Online Mode: https://bit.ly/4dVqYTN
* Offline Mode: https://bit.ly/44RTUro

For more details, visit Unacademy IAS: 3-B, Pusa Road, Block 11, Old Rajinder Nagar, New Delhi, 110060, or call us at 8147045876
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2024-05-26 06:01:09 Source: Indian Express
Income Tax Department (Ministry of Finance) has notified 'Cost Inflation Index (CII)' for calculating long term capital gain tax arising from sale of immovable properties, securities (shares/bonds) and jewellery).

For example. If i purchased a house worth Rs. 1 crore in present year and sold it in Rs. 1.1 crore next year and the CII is 10% then I don't need to pay any capital gain tax as the increase in the price of my house is just equivalent to inflation. If there is any additional gain over inflation (CII) then only I need to pay any capital gain tax. Open / Comment

2024-05-23 12:53:02 Join Economy Capsule Pre Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir

Start Date: 18th June, 2024

Early bird discount till 26th May

Course Features:
Covers both Static and Current Affairs.
Economic Survey and Budget will be covered
Includes Previous Years Questions

Payment Link:
* Online Mode: https://bit.ly/4dVqYTN
* Offline Mode: https://bit.ly/44RTUro

For more details, visit Unacademy IAS: 3-B, Pusa Road, Block 11, Old Rajinder Nagar, New Delhi, 110060, or call us at 8147045876
T&C apply* Open / Comment

2024-05-23 08:11:11 Source: The Hindu
Every year RBI earns income from seigniorage (currency printing) and other sources and out of this income some part it keeps with itself (contingency risk buffer) and some part it transfers (dividend) to Govt. of India. This is called 'Economic Capital Framework'.

Bimal Jalan Committee has recommended to keep contingency risk buffer in the range of 5.5% to 6.5% of the balance sheet (i.e. assets or liabilities).

Higher income of RBI may be because of higher currency circulation in the system due to higher economic growth and higher amount of transactions.

https://bit.ly/3SdghTR Open / Comment

2024-05-20 11:45:27 Due to medical reasons I will not be able to post news analysis for the next two weeks. Open / Comment

2024-05-19 09:14:56 Trade Statistics (2023-24):

India's Exports of goods and services =

$437 billion + $340 billion = $777 billion (21.5% of GDP)

India's imports of goods and services =

$677 billion + $177 billion = $854 billion (23.6% of GDP)

India's merchandise exports and imports both have decreased (in absolute terms) in 2023-24 as compared to 2022-23


Agriculture Trade
Exports = $48 billion
Imports= $32 billion

India's agriculture exports and imports both have decreased (in absolute terms) in 2023-24 as compared to 2022-23 Open / Comment

2024-05-17 15:39:42 Join Economy Capsule Pre Cum Mains Course for UPSC 2025/26 by Vivek Singh Sir

Start Date: 18th June, 2024

Early bird discount till 20th May

Course Features:
Covers both Static and Current Affairs.
Economic Survey and Budget will be covered
Includes Previous Years Questions

Payment Link:
* Online Mode: https://bit.ly/4bGszdZ
* Offline Mode: https://bit.ly/4bJ3GyC

For more details, visit Unacademy IAS: 3-B, Pusa Road, Block 11, Old Rajinder Nagar, New Delhi, 110060, or call us at 8147045876
T&C apply*
Further details will be shared later. Open / Comment