Government bonds surge on talk of joining Indices Subject : Economy Section: Capital market Context: G-Secs rally on reports of India joining JP Morgan’s emerging market bond index. Key Points: Government Securities (G-Secs) rallied on Friday on reports that India is tipped to join JP Morgan’s widely tracked emerging-market bond index. JPMorgan is […]
Deposit taking NBFCs down to record low of 34 Subject: Economy Section: Monetary Policy In News: The number of deposit-taking NBFCs has fallen to a record low of 34 in FY23, from 69 in pre-pandemic FY20. Key Points: The number of deposit-taking NBFCs has fallen to a record low of 34 in FY23, […]
NABARD to issue social bonds Subject: Economy Section: Monetary Policy In News: Nabard to list Social Bonds under sustainability bond framework. Key Points: In a first-of-its-kind borrowing instrument, the National Bank for Agriculture and Rural Development (NABARD.) has said it will be listing the first of its social bonds on September 29 with […]
Why Google’s latest antitrust trial in the US may be most consequential of the internet era Subject :Economy Section: Msc Context The US Department of Justice and 37 states claim Google illegally stifles competition by paying companies like Apple and Mozilla to remain the default search provider on mobile devices and browsers. US […]
Wrong to assess economic activity on GDP alone: FinMin Subject: Economy Section: National Income In News: Finance ministry defends economic performance of India with quarterly growth at 7.8%, emphasizing some limitations of GDP calculation. Key Points: Finance Ministry defends GDP performance after questions were raised on credibility of the quarterly growth of 7.8%. […]