EU’s shift to ‘compliance regime’ may hurt Indian organic exports Subject: Economy Section: Agriculture Context: The European commission has recently published a draft note with the aim of implementing stringent measures starting in January 2025 regarding the adherence to organic product standards in third countries. Content: Last November, the EU had in Audit report on India had […]
Prudential Framework for Resolution of Stressed assets (resolution outside IBC) Subject: Economy Section: Monetary Policy The enactment of IBC and the default event being the trigger for initiating insolvency proceedings under the statute forced a rethink of the regulatory trigger for mandatory resolution as well. All the prevailing schemes for restructuring were replaced […]
CCI dispute settlement 2.0 Subject: Economy Section: Monetary Policy The amended Competition Act, 2023 grants CCI enhanced powers that are far-reaching, designed to promote more effective market regulation and facilitate the ease of doing business in India. Key Points: Earlier the prosecution of anti-competitive practices took many years. This is to be changed […]
NDF Contracts Subject: Economy Section: Monetary Policy A non-deliverable forward (NDF) is an outright forward or futures contract in which counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount. It is used in various markets such as foreign exchange […]
Deposit insurance cover for PPIs Subject: Economy Section: Monetary Policy RBI committee to review the Customer Service Standards in RBI Regulated Entities (RE) has recommended to examine the extension of Deposit Insurance and Credit Guarantee Corporation (DICGC) cover to PPIs, which, at present, is available only to bank deposits. To examine whether DICGC […]