Underwater noise emissions by ships pose threat to Indian marine species Subject : Economy Section: Pollution Context: The rising man-made (anthropogenic) underwater noise emissions (UNE) from ships in the Indian waters are posing a threat to the life of marine mammals like Bottlenose Dolphin, Manatees, Pilot Whale, Seal, and Sperm Whale. More on […]
Global slowdown path still uncertain, India to decouple Subject: Economy Section: External Sector Concept : Recently, the RBI predicted that even though the global slowdown in 2023 may be milder than previously anticipated, the trajectory still remains unpredictable. It was stated that India’s economy would likely decouple from the rest of the world. […]
RBI issues draft norms for lending of government securities Subject : Economy Section : Monetary Policy Concept : The Reserve Bank of India came out with draft norms (Reserve Bank of India (Government Securities Lending) Directions, 2023) for lending and borrowing of government securities with wider participation in the securities lending market. Key-highlights […]
Draft Norms on Banks’ Minimum Capital Requirement Subject : Economy Section: Monetary Policy Concept : The Reserve Bank of India has issued draft guidelines on minimum capital requirements for market risk as a part of the convergence of banking regulations with Basel III standards. The central bank has sought feedback on the norms […]
Transfer Pricing Subject : Economy Section : Fiscal Policy Concept : The Income Tax department recently conducted surveys in BBC offices located in Mumbai, Delhi, and in different other cities in the country. According to the IT Department, the BBC has violated “Transfer Pricing Rules”. Transfer Pricing is a practice where one company […]
Moderating Current Account Deficit Subject : Economy Section : External sector Concept : There are indications that the current account deficit (CAD) will moderate despite the global slowdown triggered by the rising inflation and interest rates. According to the RBI, the CAD was at $36.4 billion for the quarter ending September 2022 and […]
Short Selling in India Subject : Economy Section :Capital Market Concept : Market regulator Sebi has indicated to the Supreme Court that it is not in favour of banning short-selling or sale of borrowed shares, and said it is investigating allegations made by a short-seller against the Adani Group as well as its […]
Off budget finance Subject: Economy Section :Fiscal Policy Concept What is off budget financing? off budget financing also known as ‘extra’ budget borrowing is used by the Centre to finance its expenditures while keeping the debt off from its annual statement. Such borrowings are not counted in the calculation of the fiscal deficit. […]
State Bank of India has upped its benchmark lending rates by 1025 basis points, following the 25-bps increase in the policy repo rate Subject: Economy Section: Monetary Policy Concept: MCLR, was instituted by the RBI with effect from April 1, 2016 The marginal cost of funds-based lending rate (MCLR) refers to the minimum […]
QR code-based Coin Vending Machine (QCVM) Subject: Economy Section : Monetary Policy Concept: The apex bank finalized its decision of launching the machine during its recently held MPC meeting. The QR code is being introduced as fake currency notes are increasing in coin vending machines. These machines will use UPI-based code systems to […]