NSE-BSE bulk deals: IDBI Bank sells stake in Zicom Electronic Subject : Economics Context : IDBI Bank NSE 0.26 % today sold 500,000 shares of Zicom Electronic Security NSE 4.00 % at Rs 1.3 per share through a bulk deal on the National Stock Exchange. Concept : Bulk Deals A deal which happens […]
Alternatives like RBI printing currency Subject: Economics Context : Last week, T V Narendran, the CEO and Managing Director of Tata Steel Limited as well as the new president of the Confederation of Indian Industry (CII), urged the government to provide a fresh fiscal stimulus to boost demand in the economy Concept: CII […]
Maharashtra govt may reject RBI guidelines Subject : Economics Context : Maharashtra govt may reject RBI’s plan on merger of DCCBs with State co-operative banks Concept : Cooperative banks were set up to supplant indigenous sources of rural credit, particularly money lenders, today they mostly serve the needs of agriculture and allied activities, […]
Federal Reserve signals hike in interest rates Subject : Economics Context : Recently, the Dow Jones Industrial index in the US fell 0.77% and treasury yields rose after the Federal Reserve indicated that there could be two rate hikes by 2023. Concept : In India, the benchmark Sensex fell marginally and the rupee […]
Inflation spurs spike in bond yield; rupee hits 1-month low Subject : Economics Context : India’s benchmark 10-year bond yield closed at its highest level in more than six weeks while the rupee ended at a one-month low on the back of a larger-than-expected surge in retail inflation. Concept: The benchmark 10-year bond […]
Retail Inflation breaches RBI Comfort Zone Subject : Economics Context : Recently, the Wholesale Price Index-based inflation scaled to a record high of 12.94 per cent in May which translated into a higher retail inflation of 6.30 per cent. Concept : Retail Inflation The change in the consumer price index over a period […]
Bitcoin Push as a legal tender Subject : Economics Context : El Salvador became the world’s first sovereign nation to adopt bitcoin cryptocurrency as legal tender Concept : As per the new law of El Salvador, Bitcoin, as a legal tender, can be used in any transaction and businesses will have to accept […]
US regulators urge financial firms to quickly ditch Libor rate benchmarks Subject : Economics Context : US financial regulators urged market participants on Friday to accelerate their efforts to detach financial products from Libor interest rate benchmarks, while casting doubt on new benchmarks built to compete with their preferred replacement. Concept : LIBOR […]
IIP Edged up 0.08% in April from same month in 2019 Subject : Economics Context : India’s April industrial output edged up 0.08%, from the level recorded during the same month in 2019, index of industrial production (IIP) data released by the National Statistical Office on Friday showed. Concept : The IIP data […]
Finance Minstry releases 9871 cr as third instalment of revenue grant to 17 states Subject : Economics Context : With the release of this instalment, total ₹29,613 crore has been released in the first three months of the current financial year as Post Devolution Revenue Deficit Grant to states Concept : The Centre […]