New Foreign Trade Policy Subject :Economy Section: External Sector Concept : Union Minister of Commerce and Industry, Shri Piyush Goyal, recently launched the Foreign Trade Policy 2023. Foreign Trade Policy 2023: Foreign Trade Policy (2023) is a policy document which is based on continuity of time-tested schemes facilitating exports as well as a […]
RBI’s timely move to ring-fence banks Subject: Economy Section: Monetary policy Context: Amid the rising spill over risks due to the recent spate of US bank failures and stress building up in Credit Suisse, the RBI rightly began specific actions to further strengthen banks. A forward outlook of RBI indicates that banks will […]
Top 5 large conglomerate must be dismantled Subject :Economy Section :Msc Context: Former Deputy Governor of Reserve Bank of India Viral Acharya has suggested that the top five Indian conglomerates, including Mukesh Ambanibacked Reliance group, Tata Group, Aditya Birla Group, Adani Group, and Bharti Telecom be dismantled as their market dominance could be responsible for keeping core inflation persistently at a high level What is crony capitalism? Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited […]
In a first in 7 years, RBI rejects all bids for 91-day Treasury bill Subject: Economy Section: Financial Market What are T BILLS? The government raised fund from financial market in two ways: 1) T bills (treasury bills). 2) Government Bonds. Treasury bills are typically short-term borrowing tools, with a maximum tenure of […]
Fitch flags contagion risk at two Adani Group entities Subject: Economy Section: Financial Market What is a contagion risk? Contagion risk—which is also referred to as systemic risk—is here defined as the risk that financial difficulties at one or more bank(s) spill over to a large number of other banks or the financial system […]
NCLAT upholds CCI’s ₹1337cr fine on Google Subject: Economy Section: Msc Context: the National Company Law Appellate Tribunal (NCLAT) on Wednesday upheld the penalty of ₹1,337 crore imposed on Google by the Competition Commission of India (CCI) for its anti-competitive conduct in the Android ecosystem. Details: The appellate tribunal simultaneously set aside CCI’s […]
No charge on normal UPI payment : NPCI Subject : Economy Section: Monetary Policy Concept : The National Payments Corporation of India (NPCI) has introduced interchange fees of up to 1.1 per cent on merchant UPI transactions done using prepaid payment instruments from April 1. The charge, starting from 0.5 per cent depending […]
SEBI Disclosure Norms Subject: Economy Section: Capital markets Concept : The Securities & Exchange Board of India (SEBI) mandated that large listed companies must confirm or deny price-sensitive market rumours, and in the case of material board decisions disclose the same to the stock exchanges within 30 minutes. Details To bring more transparency […]
Market Index Providers Subject: Economy Section: Capital Market Concept: The Central Government recently put the onus of regulating the practices of market index providers on the Securities Exchange Board of India (SEBI). Market Index A market index is a hypothetical portfolio of investment holdings that represents a segment of the financial market. The […]
RBI asks banks to make extra provisioning on top 20 business houses Subject: economy Context: The Reserve Bank of India has advised banks to set aside specific provisioning towards their exposure to top 20 conglomerates of India. Some of large corporations also have significant foreign debt exposure in the form of bonds and loans and […]