Commodity Derivative Market Subject :Economy Context: The Securities and Exchange Board of India has allowed Foreign portfolio investors (FPIs) to participate in the exchange traded commodity derivatives (ETCDs) market subject to certain risk management measures Details: It aims at increasing the depth and liquidity in the commodity derivative market. FPIs will be allowed […]

    The mess in the UK economy Subject :Economy Context: Britain’s pound depreciated  to an all-time low post the mini-budget laid out to slash taxes and expand spending to cushion soaring energy prices. In the budget? Freeze on energy bills-energy subsidies Tax cut to boost consumption and investment spending Rise in public expenditure and […]

    Safeguard Duties Subject : Economy Context: India has proposed additional customs duties of 15 percent on the import of 22 products from the UK in retaliation to Britain’s decision to impose restrictions on steel products. Details: Suspension of  concessions under the General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards […]

    Shell Company Subject :Economy Context: Registration rules tightened for companies to check shell companies. Details: Several companies with links to Chinese entities were unearthed recently by the Serious Fraud Investigation Office. The new rules will facilitate tech-enabled real-time oversight of company incorporation and statutory filings It is part of the ‘company module’ of […]

    The Mining Sector Subject : Economy Context Centre has proposed to amend the Mines and Mineral (Development and Regulation) Act, 1957 to put a ceiling on mineral-wise and State-wise area limits for each State. Details: All states will have to follow the area limits for various minerals while auctioning resources, and changes would […]