RBI raises the floor on non-breakable term deposits to ₹1 crore Subject : Economy Section: Monetary policy In News: RBI raises the minimum size for non-breakable term deposits from Rs. 15 Lakh to Rs. 1 Crore, in a move to benefit retail depositors. Key Points: RBI reviews its Master Direction on Interest Rate […]

    MCA to now enforce beneficial interest reporting regime for LLPs also Subject : Economy Section: Monetary policy In News: Government extends the law of beneficial interest to LLPs as well. Earlier, it applied only on equity shares of companies. Key Points: Centre has enhanced its supervision over Limited Liability Partnerships (LLPs), requiring them […]

    SAT quashes SEBI’s ban on key roles for ZEE’s Goenka Subject : Economy Section: Monetary policy Context: The Securities Appellate Tribunal (SAT) on Monday set aside an order of the  Securities and Exchange Board of India (SEBI) barring Zee Entertainment Enterprises Ltd.‘s CEO Punit Goenka from holding any key managerial position in the media house or any other company over allegations that he and his father, […]

    Has the Lewis Model of growth failed in India? Subject : Economy Section: National Income Concept: Lewis Model of economic growth, developed by economist William Arthur Lewis, proposed that for underdeveloped countries with a surplus of low-wage labour in agriculture, industrialization could lead to economic growth. But this has not happened for a […]

    Indian farmers taxed $169 bn via export bans or restrictions in 2022: OECD report Subject :Economy Section: External Sector Context: Indian farmers were implicitly taxed $169 billion in 2022 due to export bans, duties or permits on several commodities like wheat and rice, to stabilize prices for consumers, the latest Organisation for Economic […]

    NHAI’s InvIT plans Subject :Economy Section: Monetary policy In News: National Highways Authority of India to raise ₹9,000 crore via the National Highways Infra Trust (NHIT). Key Points: National Highways Infra Trust (NHIT), the investment trust sponsored by the National Highways Authority of India, plans to raise as much as ₹9,000 crore after […]

    India to become $30-trillion economy by 2047: Niti draft vision document Subject : Economy Section: National Income In News: India is estimated to become a $30 trillion developed economy by 2047, preliminary results from the Centre’s vision document which is being prepared have shown, Niti Aayog. Key Points: India is currently estimated to […]

    Cayman Islands’ exit from the FATF grey list Subject :Economy Section: External Sector In News: FATF removes offshore tax haven Cayman Islands from its ‘grey list’. Key Points: The Financial Action Task Force (FATF), an inter-governmental body that sets anti-money laundering standards, has removed offshore tax haven Cayman Islands from its ‘grey list’. […]

    The Indian Railways’ revenue problem Subject :Economy Section: Msc Context: The Indian Railways (IR) has been on a spending spree with respect to capital expenditure (capex), particularly after the government merged its rail budget with the main budget. However, its operating ratio, which is the ratio of ordinary working expenses to the gross […]