RBI opens up its dated securities to help Russia park its Rupee surplus Subject: Economy Section: External Sector In News: Countries accumulating surplus in INR to be able to invest in G Secs through Rupee Accounts. Key Points: With RBI’s amendment in FEMA Regulations 2019, countries holding Rupee accounts in India can directly […]
Term deposit rates have reached their peak in last 5 years Subject: Economy Section: Monetary Policy Key Points: Term deposit rates have surged to their highest levels in the past five years as banks rush to meet strong credit demand, according to the Reserve Bank of India’s latest monthly bulletin. Term deposit rates […]
Enforcing DTAA needs IT Act notification: SC Subject: Economy Section: External sector In News: DTAA can’t be enforced unless notified under Section 90 of Income Tax Act, says SC Key Points: Supreme Court on Thursday held that a Double Taxation Avoidance Agreement (DTAA) cannot be given effect unless notified under the Income Tax […]
Destination test: FPI fund transfers under taxman’s lens? Subject: Economy Section: Capital market Context: Several Foreign portfolio investors (FPIs) receive tax notices. Key Points: Foreign portfolio investors (FPIs) have received a slew of notices on foreign remittances made outside India under Section 133 (6) of the Income Tax Act. Tax authorities are seeking […]
Another year of futures ban in seven agri-commodities likely? Subject: Economy Section: Capital market Context: Finance Ministry through SEBI continues ban on 7 agri commodity futures for another year. Key Points: Futures trading in seven agriculture commodities on the National Commodity & Derivatives Exchange (NCDEX) is likely to remain suspended until December next […]
What are “proxy advisory firms”? Subject: Economy Section: Capital market Context::Proxy advisory firms oppose Anant’s appointment on RIL board. Key Points: A proposal to appoint Anant Ambani (28), the youngest son of Mukesh Ambani, on the board of Reliance Industries Ltd (RIL) is facing opposition from two proxy advisory firms. The firms – […]