A villager poses with lithium stones in Jammu and Kashmir’s Reasi district. | Photo Credit: PTI The story so far: In late June, the Centre declared the winning bidders for mining rights in six blocks of critical minerals, including graphite, phosphorite and lithium, for which India largely relies on imports. These are the first private … Read more
As per a key finding of the Global Tax Evasion Report 2024, prepared by researchers at the EU Tax Observatory, global billionaires benefit from very low effective tax rates, which range between 0% and 0.5% of their wealth. | Photo Credit: Getty Images/iStockphoto The story so far: French economist Gabriel Zucman has in a recent … Read more
Congress Rahul Gandhi shows a stock market movement chart during a press conference in New Delhi on June 6, 2024. | Photo Credit: AP The story so far: The Indian stock market witnessed extreme volatility right after the release of the exit poll results earlier this month and on June 4 when the results of … Read more
The story so far: The International Monetary Fund (IMF) released the latest global financial stability report on Tuesday warning about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. What is the IMF’s worry about inflation? The IMF has flagged … Read more
Solar panels and solar fans are displayed among other electronics for sale at a shop inside a wholesale electronics market in Kolkata on March 19, 2024. | Photo Credit: Reuters The story so far: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy (MNRE) has brought into effect from April … Read more
Job seekers at a job fair in Bengaluru. The trend of contractual appointments and clamour for consultancies are also blamed for the dip in formal jobs. | Photo Credit: AFP The story so far: The India Employment Report 2024, prepared jointly by the Human Development and the International Labour Organization, and released on March 26, revolves … Read more
Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on February 2, 2024. Photo: Sansad TV via ANI The story so far: Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 5.1% of gross domestic product (GDP) in 2024-25. She further added that the fiscal … Read more
