Reverse flipping Subject :Economy Key Points: Indian startups that had headquartered their companies overseas in places like Mauritius and Singapore are now considering bringing them back (i.e. Reverse Flipping) to India. Some of the reasons for this trend are: Successful local listing by Tech unicorns like Zomato, Paytm, and Nykaa. Companies in Fintec […]

    Urban cooperative banks see increase in their loan limit Subject :Economy Section: Monetary Policy  Key Points: RBI has decided to increased the existing limits on individual housing loans provided by cooperative banks, taking into account the rise in housing prices since the limits were last revised and considering customers’ needs for larger loans […]

    SEBI actions to improve corporate governance and transparency Subject : Economy Section: capital market  All listed firms asked to fill key managerial positions (KMP) Mar­ket reg­u­lator SEBI has intro­duced a stricter timeline of three months for lis­ted com­pan­ies to fill up vacan­cies relat­ing to their key mana­gerial per­son­nel (KMPs) such as CEO, CFO, […]

    Letter of Comfort Subject : Economy Section: Monetary policy Context: SEBI notes wrongful issuance of LoC by Subhash Chandra and Puneet Goenka Key Points: What is a LoC: A letter of comfort (also called letter of intent) is a financial document, indicating a willingness of a third party to meet its financial obligations […]

    GST administration detects 11,140 bogus entities in special drive, FM calls for more stringent registration process Subject: Economy Section: Fiscal Policy Context: The GST administration has undertaken a special drive against GST fraudsters and has detected 11,140 bogus registrations, Finance Minister Nirmala Sitharaman was told on Friday. The CBIC is computing the amount […]