SC allows pleas against cap on credit card dues Sub: Eco Sec: Monetary loss Context: Recently the Supreme Court allowed appeals by banks challenging a 2008 order of the National Consumer Disputes Redressal Commission (NCDRC). The 2008 NCDRC order had declared that charging over 30% interest per annum on credit card dues constituted […]
Centre Sets June 2026 Deadline for Solar Firms to Use India-Made Solar Cells Sub: Eco Sec: Msc The Ministry of New and Renewable Energy (MNRE) has mandated that starting June 2026, solar companies participating in government procurement programs must exclusively use India-made solar photovoltaic (PV) cells. This move is part of a larger […]
RBI Highlights the Need for States’ Sustained Fiscal Prudence Sub: Eco Sec: Fiscal Policy RBI’s Key Observations on State Finances: Fiscal Deficit Management: States successfully contained Gross Fiscal Deficit (GFD) within 3% of GDP during 2022-23 and 2023-24. For 2024-25, GFD is budgeted at 3.2% of GDP. Revenue Deficit: Revenue deficit was maintained […]
How would a US bitcoin strategic reserve work? Sub: Eco Sec : Monetary Policy Context: Bitcoin reached a record high of over $107,000 on Monday after President-elect Donald Trump reiterated plans to establish a U.S. Bitcoin strategic reserve, which boosted enthusiasm among crypto advocates. What is a strategic reserve: A strategic reserve is […]
India’s Position on Cryptocurrency Regulation Sub : Eco Sec :Capital market Current Stance of the Government Despite the global surge in Bitcoin’s popularity, there are no immediate plans to introduce comprehensive cryptocurrency regulations in India. Global and Domestic Context Bitcoin’s Growth: Post the U.S. presidential election, Bitcoin has surged, hitting $1,06,000, marking a […]
Why SEBI might introduce changes to SME IPOs Sub : Eco Sec :Capital market Background and Rationale for Norm Overhaul Concerns Raised by SEBI: Instances of price manipulation, fund diversion to shell companies, and fraudulent financial transactions. Lack of adequate checks and balances due to limited participation of private equity and sophisticated investors. […]
Parliamentary Standing Committee Recommends Statutory MSP to Alleviate Farmer Distress Sub : Eco Sec : Agri Committee advocates for Legally Guaranteed MSP: The committee advocates for legally binding Minimum Support Prices (MSP) for crops. This measure is seen as essential to safeguard farmers’ livelihoods, promote rural economic growth, and enhance national food security. […]