Offshore nifty trading now in Gift city Subject :Economy Section: Monetary policy Context: Offshore-traded Singapore based SGX Nifty now becomes Gift Nifty Key Points: SGX Nifty is the NSE based derivative that was traded on the Singapore exchange. The ability to trade in the country based derivative allowed market participants to manage their […]
Banks profitability up: increase in net interest margin Subject: Economy Section: Monetary policy Context: Net interest margin (NIM) of banks, a key profitability gauge, grew 46 basis points (bps) or .46 % to 3.3 % in the January-March quarter, driven by slower deposit rate resetting Key Points: Banks have benefited in terms of […]
CBIC plans tighter GST regulation norms using geo-tagging, biometrics Subject :Economy Section: Fiscal policy Context: With 12,500 fake entities detected, Goods and Services Tax (GST) authorities are looking to tighten registration norms with biometric authentication and geo-tagging of risky entities. Key Points: Central Board of Indirect Taxes and Customs (CBIC) will make the […]
Rs 2000 was transitory note to fill in value lost due to demonetization Subject : Economy Section: Monetary policy In news: “It was a transitory kind of note to fill in the value which was lost in demonetisation”, says former MD of Bharatiya Reserve Bank Note Mudran Private Ltd. Key Points: It was […]
IMF Crypto stance: winds of change from Latin America? Subject :Economy Section: Monetary policy Original position of IMF on crypto currencies: IMF has maintained that crypto assets, and their adoption poses risk for financial and monetary stability of the economy. On adoption of cryptocurrencies as a substitute for currency, as seen with some […]
GST helped increase revenue buoyancy of states, says FM Subject : Economy Section: Fiscal Policy Concept : The Goods and Services Tax (GST) regime has reduced the tax burden on consumers with a lower tax incidence on many common use items and has increased revenue buoyancy for states and Centre, Finance Minister Nirmala […]