More Regulatory barriers to trade by European Union Subject : Economy Section: External sector Key points: EU has come up with yet another regulation that is likely to negatively impact exports from developing countries like India. The regulations are proposed in form of due diligence obligations on human rights and environment sustainability. This […]
CAD narrows to 0.2% of GDP Subject : Economy Section: External sector Key Points: India’s current account deficit (CAD) dropped to 0.2% of GDP in Q4 FY23 from 2 % of GDP in the previous quarter. CAD dipped to $1.3 billion in Q4 FY23 compared to $16.8 billion in Q3 and $13.4 billion […]
19 startups lose Unicorn status owing to funding squeeze Subject :Economy Section: National Income Context: : ASK Private Wealth releases Hurun India Future Unicorn Index 2022 Key Points: The index lists the present unicorns as well as companies that are on path to become unicorns. 19 startups fell out of the unicorn list. […]
U.S. and EU slowdown to hurt 1/5th of MSMEs: CRISIL Report Subject : Economy Section: National Income Key points: CRISIL analysis shows that around 20% of small businesses across sectors are to be adversely affected by economic slowdown in advanced countries, particularly the U.S. and Eurozone. The most immediate impact is in the […]
World economy at critical juncture in inflation fight: BIS warms Subject : economy Section: Inflations Key points: Swiss-based Bank for International Settlements (BIS) has stressed the need for more interest rate hikes, warning the world economy is at a critical juncture as countries struggle to rein in inflation. It noted that for the […]
Debt restructuring by Sri Lanka Subject : Economy Section: External sector Key points: Sri Lanka (SL) initiated its domestic debt restructuring (DDR) process, one year after defaulting in servicing of its loans. IMFin March had extended a nearly $3 billion bailout facility over a period of four years to debt-ridden Sri Lanka to […]
SEBI unveils ASBA-like facility for trading in secondary market Subject : Economy Section: Capital Market Key points: SEBI has introduced a ASBA (Application supported by Blocked Amount)-like process for trading in the secondary market. At present money has to be transferred to the trading account before executing any trade. With this system funds […]
Centre approves Rs 56415 crore for 16 states under capex scheme Subject : Economy Section: Fiscal Policy Context: Finance Ministry has approved investments worth Rs 56,415 crore across 16 states for the ‘Special Assistance to States for Capital Investment 2023-24’ scheme Key points: Under the scheme investments will be made in sectors such […]
SEBI board to take up two new issues: FPI disclosure norms, MF total expense ratio Subject : Economy Section: Capital Market Context: SEBI is likely to bring in regulations on two important issues: Tighter disclosure norms for foreign portfolio investors (FPIs) and review of the fees levied by mutual funds on investors. Key […]
India- South African Union FTA: Revival of talks Subject: Economy Section: Monetary Policy Key Points: India to revive talks for a free trade agreement with the South African Customs Union (SACU). The initial round of technical discussions for the India-SACU PTA took place in 2007 which lasted till 2010, but talks were on […]