12-Apr-2025
Inheritance Tax is a direct tax levied on individuals who inherit assets or property from a deceased person.
12-Apr-2025
Inverted Duty Structure (IDS) is a phenomenon within the indirect tax system, particularly under the Goods and Services Tax (GST), where the import duties on raw materials or input goods are higher than the tax rates levied on finished goods.
11-Apr-2025
The Insolvency and Bankruptcy Code (IBC), 2016 is a comprehensive bankruptcy law enacted to consolidate and amend existing laws related to insolvency and bankruptcy for companies, individuals, and partnership firms.
11-Apr-2025
Asset Reconstruction Companies (ARCs) are specialized financial institutions that purchase Non-Performing Assets (NPAs) or bad loans from banks and financial institutions.
11-Apr-2025
The Household Savings Rate refers to the proportion of household income that is saved rather than consumed.
11-Apr-2025
Urban Cooperative Banks (UCBs) are financial institutions operating in urban and semi-urban areas of India.
11-Apr-2025
On April 9, 2025, the US has imposed new sanctions on Iran's nuclear program ahead of nuclear talks with Iran. Iran's development of nuclear weapons can pose a serious threat to the Middle East as well as overall global security.
10-Apr-2025
Ways and Means Advances (WMA) refer to the temporary advances provided by the Reserve Bank of India (RBI) to States/Union Territories (UTs) and the Union Government to address temporary mismatches in their cash inflows and outflows.
10-Apr-2025
The Monetary Policy Committee (MPC) of the Reserve Bank of India has cut the repo rate by 25 basis points for the second consecutive time to 6%.
10-Apr-2025
The Archaeological Survey of India (ASI) is investigating the fire in Devagiri Fort. The Archaeological Survey of India is responsible for the conservation of this fort and regulates its activities under the Ancient Monuments and Archaeological Sites and Remains Act, 1958.
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