THE VERITY LIBERATE

~Preet  sez.jpg  This image does not belongs to the writer or publisher this image was found on https://economictimes.indiatimes.com/news/economy/policy/partial-denotification-of-sezs-single-window-clearance-mechanism-in-desh-draft/articleshow/92396526.cms During the forthcoming monsoon session of Parliament, the government intends to introduce the Development of Enterprise and Service Hubs (DESH) Bill. It intends to revitalise interest in SEZs and establish more inclusive economic centres by overhauling the existing Special Economic Zone regulations from 2005. SEZs will be renamed Development Hubs and will be exempt from many of the rules that presently limit them. These hubs will serve as both domestic tariff areas and SEZs, facilitating both export-oriented and local investment. To bring taxes in line with those imposed by units outside the country, the government may apply an equalisation levy on products or services supplied to the domestic market. The World Trade Organization'

 ~Preet Image Taken From :- https://capindia.in/foreign-contribution-regulation-amendment-rules-2020-further-tightens-the-bolts/ No rights of the image belongs to the writer or publisher. The Foreign Contribution (Regulation) Act was recently revised by the Ministry of Home Affairs (FCRA). In November 2020, the Ministry toughened the FCRA rules, making it clear that NGOs (Non-Governmental Organizations) that are not directly linked to a political party but engage in political action such as bandhs, strikes, or road blockades will be considered political if they participate in active politics or party politics. All NGOs receiving money are required by law to register with the FCRA. The action comes after the government raised the import tariff on gold from 7.5 percent to 12.5 percent in an effort to discourage gold imports, which increase the trade imbalance and put pressure on the currency and FX reserves. An increase in gold import tariff will raise the cost of import and discourage i

The Reserve Bank of India's $5 billion dollar-rupee swap idea. ~Preet. As part of its liquidity management programme, the Reserve Bank of India (RBI) recently held a USD 5 billion dollar-rupee swap auction. This action will result in the injection of dollars and the evaporation of the rupee from the financial system. This will relieve inflationary pressures and boost the rupee. It is a forex technique in which the central bank purchases another currency with its own currency or vice versa. Swap of Dollars and Rupees: The central bank purchases dollars (US dollars or USD) from banks in exchange for Indian rupees (INR) and then immediately enters into a counter-deal with banks pledging to sell dollars at a later date. When the central bank sells dollars, it pulls out an equivalent amount of rupees, diminishing rupee liquidity in the economy. Because the transaction conditions are predetermined, there are no exchange rate or other market risks with these swap transactions.  The RBI so

India to manufacture 500 items by 2025, by 3D printing.  ~Preet.   The National Strategy for Additive Manufacturing Policy was recently released by the Ministry of Electronics and Information Technology (MeitY).  Within three years, the strategy intends to boost India's share of global additive manufacturing to 5% and add USD 1 billion to the country's GDP. It also plans to build 50 India-specific material, machine, and software innovations, 100 new additive manufacturing firms, 500 new products, and educate at least 1 lakh new skilled people. The ideas of 'Make in India' and 'Atmanirbhar Bharat Abhiyan', which urge self-reliance via technological transformation of the production paradigm, are included into the Policy. 3D printing, also known as additive manufacturing, is a process that employs materials such as plastics and metals to turn computer-aided design goods into genuine three-dimensional things.  3D printing is the inverse of subtractive manufacturing,

USA Federal Reserves: Hike in rate  of interests and its effects on Indian markets. ~Preet. The announcement of the possibility of the US Federal Reserves, hiking the rate of interests, on January 27th 2022, has shook the markets in India, sending shivers down the spine of the investors.  The consumer prices in USA rose vehemently, it was the highest rise in nearly four decades, to tame this 7% inflation, the US Federal reserves would be subsequently increasing the interest rates in the economy from the beginning of March 2022. The unprecedented hike in inflation took the centre stage on the globe in mid 2021, when almost all the countries were facing the issue of immense surge in consumer prices. This issue places a huge economic challenge in-front of a world, already bruised with the scars of pandemic. Most of the countries began taking measures to control the inflation from the very beginning of this year.  The OECD CPI inflation rate for November was around 6%. USA saw the highest

Those at bottom, dipped, Those on top, grew: The Story of India's "K" shaped economic recovery. ~Preet Since the dawn of COVID-19 in India, and the restrictions put in place to tame the surge and set this country free of this disease, i.e. from the February of 2020, the country's economy has been hit hard. India saw a financial downtrend like never before. The government kept on extending the restriction, and Indians saw the longest lockdown in a row, and there were constant concerns and protests about the loss of livelihoods and crumbling economy of the nation. These concerns were tried to be extinguished by the claims of a 'K' shaped recovery. The recovery did happen, the economy did boom again and is growing rapidly, but ultimately a price was paid by the poorest of the Indians, as they stand at the negative half of the 'K' shaped recovery. Since 1995, India has seen a constant rise in the annual income of the poorest 20% of households, but this pos