MCA and Meity demarcate respective roles, resolve tussle Subject :Economy Section: Monetary Policy In News: MCA and MeitY officials arrive at a clear demarcation of their respective roles in regulation of digital markets. Key Points: There was frequent turf war between the Ministry of Corporate Affairs (MCA) and the Ministry of Electronics and […]
NPA write-offs : private banks more aggressive than PSBs Subject :Economy Section: Monetary Policy In News: Private sector banks (PVBs) have been more aggressive in writing-off bad loans than public sector banks (PSBs) as per the latest financial stability report by RBI. Key Points: Banks write off to rid their balance sheets of […]
Greedflation and its counter arguments Subject : Economy Section: Inflation and Unemployment Concept : During a recent surge in inflation, the prices of tomatoes have experienced a significant increase within a month, affecting multiple cities in India the most. Although there is a reasonable explanation for this price surge, some speculate that it […]
Lessons from Twin Balance sheet problem Subject :Economy Section: Monetary Policy What is the twin balance sheet problem A twin balance sheet is a scenario where banks are under severe stress and the corporates are overleveraged to the extent that they cannot repay. This generally happens in a boom cycle when the banking […]
CIBIL score must for bank job Subject :Economy Section: Monetary Policy and Banking sector Context: The Institute of Banking Personnel Selection (IBPS), the common recruitment agency for participating public sector banks (excluding State Bank of India), has a new credit history clause for applicants. The candidate applying shall ensure that they maintain a […]
Byju’s promoters have sold shares worth $408.53 m in secondary deals wince FY16 Subject :Economy Section: Capital Market Context: Byju’s promoters – Byju Raveendran, Divya Gokulnath and Riju Ravindran have been reported to have sold shares worth around $408.53 million in the secondary market since 2015. Key Points: Raveendran’s brother and a member […]
Power ministry working on Reconductoring Subject :Economy Section: Infrastructure Sector Key Points: Reconductoring is a process of stringing of new conductors on existing towers using the same right of way (RoW) to increase the thermal capacity of transmission lines. India has installed power generation capacity of 417,688 MW (as of May 31, 2023), […]
Indian refiners making yuan payments for Russian Dollar Subject: Economy Section: External Sector Context: Indian refiners have begun paying for some oil imports from Russia in Chinese yuan Key Points: Western sanctions decided by the G7 countries prohibit purchase of Russian oil above $60 per barrel. With the price for Russian crude rising […]