DPN
European Market Infrastructure Regulation (EMIR) Subject: Economy Context: Engaging with ESMA but alternative arrangements also under deliberation: RBI report Details: ESMA has de-recognised six Indian clearing houses, including CCIL, effective May 2023, after Indian regulators showed reluctance to sign a revised agreement which gave the overseas regulatory body the right to audit, scrutinise […]
Risk Indicators of Banks Subject: Economy Context: GNPA ratio falls to seven-year low of 5% in Sept 2022: RBI Details: The gross non-performing assets (GNPA) ratio (seven-year low) – 5 per cent in September 2022 and would reach 4.9 per cent by September 2023. As of September 2022, the net non-performing assets (NNPA) […]
Lok Adalats Subject: Economy Context: The number of non-per-forming assets (NPAs) referred by banks to various recovery channels, including Lok Adalat and the Insolvency and Bankruptcy Code (IBC) route, in 2021-22 witnessed a four-fold jump compared to 2020-21 as lakhs of small ticket loans were referred for resolution to Lok Adalats of banks. […]
Italy approves rule to fine charities for migrant rescue Subject :International Relations Context: Italy’s rightist government has approved measures to fine charities who rescue migrants at sea and impound their ships if they break a new, tougher set of rules More about the news; Italy’s rightist government has approved measures to fine charities […]
Election Commission says ready to roll out pilot for migrants to vote Context: Recently the Election Commission of India said that it has developed a prototype for a Multi-Constituency Remote Electronic Voting Machine which would enable remote voting by migrant voters. More about the news: EC has developed a prototype for a Multi-Constituency […]
National Ganga Council meet Subject: Government schemes Context; The National Ganga Council, will be held under the chairmanship of Prime Minister Narendra Modi in Kolkata What is National Ganga Council: The National Ganga Council is an authority created in October 2016 under the River Ganga (Rejuvenation, Protection and Management) Authorities Order, 2016, dissolving […]
Daily Prelims Notes 29 December 2022 Table Of Contents Sarsa: Rivulet associated with pivotal moment in Guru Gobind Singh’s life, is dying India is all set to go for its first waste-to-hydrogen project India’s first project to conserve Nilgiri Tahr takes shape Heralds of early spring? Mango flowering observed in Odisha, Telangana a […]
Creditors under IBC Subject :Economy Context: The Central Board of Indirect Taxes and Customs (CBIC) has allowed tax officers to recover reduced dues from bankrupt businesses. Details: This clarifies how field officers would deal with tax dues, which are classified as operational credit under the Insolvency and Bankruptcy Code (IBC). Under IBC secured […]
Index provider Framework Subject :Economy Context: Sebi proposes a regulatory framework for index providers for governance and administration of the financial benchmarks or indices in the domestic securities market. About the Framework: The proposed regulation shall be applicable to index providers (both domestic and foreign) if the users of the index/products based on […]
Share Buyback Subject :Economy Context: Sebi remarked-Peter is paying taxes on behalf of Paul. Details: SEBI remarked related to the taxation rules on share buybacks under which companies are paying the tax on behalf of promoters from funds which belong to shareholders. Some of the larger companies such as TCS, GAIL and Zydus […]