In a sign that July GST collections are likely to be more robust than the anaemic June figures, the call money rate and weighted average tripartite repo rate went up in India, as banks saw the demand for funds go up, to pay GST dues to the government. The Purchasing Managers’ Indices for services, manufacturing and composite activity all signal growth, although this is yet to reflect in credit growth.
The Government of India has promulgated the Aircraft Leasing and Financing Policy (2021) to position India, especially GIFT City (Gujarat International Finance Tec-City), as an aircraft leasing global hub. This was prompted by the realization that more than 80% of India's fleet of aircraft was leased from outside the country, leading to a huge foreign exchange outflow and exposure to foreign jurisdictions in terms of law, such as Ireland and Singapore.
India's Direct Benefit Transfer (DBT) system marks a transformative step in public service delivery. It aims to fundamentally reshape how welfare benefits reach citizens. Introduced about a decade ago, DBT was designed to directly credit government subsidies into the bank or postal accounts of accurately identified beneficiaries. The system's core innovation lies in the JAM trinity—Jan Dhan bank accounts, Aadhaar unique IDs, and mobile phones—which enabled massive-scale, targeted, and transparent transfers.
Ministry, "Sahkar Se Samriddhi" (Prosperity through Cooperation), is clear in the Government of India's commitment to strengthen the cooperatives at the primary, district, state and multi-state levels, in a way which will facilitate and promote inclusive socio-economic development .
An audit is an official assessment of a person or company's financial accounts by professional accountants. In India, the Panchayati Raj Institutions are the backbone of decentralized governance, plays an important role in the implementation of different development programmes.
Sebi recently found that Wall Street financial firm Jane Street Capital had manipulated the cash and forward markets, fleeced hapless Indian investors, and made millions of dollars. For many, this would evoke images of the Wolf of Wall Street, howling Greed is Good, rebirth of the East India Company, and finance capital, rising and shimmering, shapeless and threatening, from Lenin’s tract on imperialism.
TK Arun The government’s new Research, Development and Innovation scheme is half-hearted hope masquerading as policy. True, it talks big money: Rs 1 trillion, for private sector R&D, which, at present, is vanishingly small, and certainly needs a policy-induced boost.…