CEBR’s WELT 2023: India to rise to 3rd in WELT by 2037 from 5th in 2022 i.According to the World Economic League Table (WELT) 2023 released by the Centre for Economics and Business Research (CEBR), India is set to rise from 5th place on the WELT in 2022 to 3rd in the global rankings by 2037. WELT … Read more
Union Finance Minister Nirmala Sitharaman Chairs 48th Meeting of The GST CouncilThe 48th Goods and Services Tax (GST) Council Meeting was conducted virtually on December 17, 2022, in New Delhi, Delhi, and was presided over by Union Minister Nirmala Sitharaman, Ministry of Finance (MoF). i.The council has clarified the applicability of a 22 % cess on Sport Utility Vehicles … Read more
On 1st December 2022, ICICI Bank Limited launched a STACK for companies in the real estate sector to offer solutions to their banking requirements on one platform. ICICI Bank is the first bank in the industry to offer real estate specific STACK to provide unparalleled convenience to the companies in the real estate sector. About STACK:i.The STACK is a combination of … Read more
i.The Insurance Regulatory and Development Authority of India (IRDAI) approved the amendments to rules registering insurance companies and investing in them.ii.This decision has been taken to promote ease of doing business and to simplify the process of setting up an insurance company in India.iii.It aims to enable policyholders, insurers and merchants to provide ‘insurance for … Read more
