SEBI NORMS FOR MUTUAL FUNDS Subject : Economics Context: Recently, the Securities and Exchange Board of India (SEBI) has said that a minimum 20% of the compensation of mutual fund managers in an asset management company (AMC) should be in the form of units of the mutual fund schemes they manage. Concept : […]

    SEBI DEBT RATING NORMS Subject : Economics Context : Markets regulator SEBI came out with a new framework to strengthen policies on provisional rating by credit rating agencies (CRAs) for debt instruments. Concept : Under the framework, all provisional ratings (‘long term’ or ‘short term’) for debt instruments need to be prefixed as […]

    TRIPS AGREEMENT Subject: Economics / IR Context: Even an unprecedented pandemic can do little, it appears, to upset the existing global regime governing monopoly rights over the production and distribution of life-saving drugs. Concept: On October 2 last year, India and South Africa submitted a joint petition to the World Trade Organization (WTO), […]

    PRIVATE SECTOR BANKS Subject : Economics Context: The Reserve Bank of India (RBI) fixed the tenure of MD, CEO and whole-time director (WTD) in a private sector bank at 15 years and prescribed the maximum age of 70 years for such functionaries. Concept : These directives form part of the instructions issued by […]

    CAPITAL EXPENDITURE Subject: Economics Context:  To support the economy battered by sporadic state specific lockdowns, the government is currently focussed on effective implementation of the Budget proposals as they have a lot stimulus already built into them, two senior government officials said. Concept: While the Central government has announced steps to ease imports […]

    M NARASIMHAM COMMITTEE Subject : Economics Context : ‘Father of banking reforms’: Ex-RBI governor M Narasimham passes away at 94. Concept : Narasimham Committee I (1991) – Consolidation would make economic and commercial sense where the whole would be greater than the sum of its parts, and have a “force-multiplier effect.” It also […]

    RUPEE DEPRECIATION Subject : Economics Context : The rupee’s near-term fortunes may directly be influenced by the Reserve Bank of India’s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. Concept : Appreciation and Depreciation of Currency In a […]

    WMA FOR STATES Subject : Economics Context : The Reserve Bank of India (RBI) decided to continue with the existing interim Ways and Means Advances (WMA) scheme limit of ₹51,560 crore for all States/ UTs shall for six months i.e., up to September 30, given the prevalence of COVID-19. Concept : Ways and […]

    P-NOTES Subject: Economics Context: Investments through participatory notes (P-notes) in the Indian capital market declined to Rs 89,100 crore at March-end, after hitting 33 months high level in the preceding month. Concept: Participatory Notes or P-Notes (PNs) are financial instruments issued by a registered foreign institutional investor (FII) to an overseas investor who […]

    SUDARSHAN SEN COMMITTEE Subject : Economics Context : Recently, the Reserve Bank of India (RBI) has set up a committee to undertake a comprehensive review of the working of asset reconstruction companies (ARCs). Concept : It is a six-member committee which will be headed by Sudarshan Sen, former Executive Director of RBI. The […]