Insurance Dekho raises $150 m in Series A Funding from Goldman Sachs, TVS Capital funds Subject: Economy Section: Capital Market Context: The large majority of successful startups have engaged in many efforts to raise capital through rounds of external funding. These funding rounds provide outside investors the opportunity to invest cash in a […]
Repo rate may remain at 6.5% for rest of CY23 : ICICI Securities Subject: Economy Section: Monetary Policy Repo and Reverse Repo Rate: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of […]
National financial information registry Subject : Economy Concept : National Financial Information Registry is aimed at expediting loan sanctions and credit flows by offering lenders a ‘360 degree’ perspective on potential borrowers, Reserve Bank of India (RBI) Governor Shaktikanta Das said. National Financial Information Registry Finance Minister Nirmala Sithraman in her Budget 2023 […]
RBI to allow all inbound travellers to use Unified Payments Interface (UPI) Subject: Economy Section : Monetary Policy Context: The Reserve Bank of India has said that it will allow all inbound travellers to use Unified Payments Interface (UPI) payments for their merchant payments while they are in the country. The facility will […]
Direct tax collection Subject: Economy Section: Fiscal Policy Context: Gross Direct tax collections grew 24 per cent to Rs 15.67 lakh crore so far, this fiscal, the finance ministry said on Saturday Types of Direct tax in India Income Tax: Income tax is perhaps the most well known direct tax imposed by the […]
Investor Education and Protection Fund – SEBI Subject : Economy Section: Capital Market Concept : Investor Education and Protection Fund (IEPF) has been established under the Securities and Exchange Board of India Act, 1992. The amounts such as contribution made by SEBI, grants and donations given to the Fund by the Central Government, […]
Industrial output rise moderates to 4.3 % – IIP Subject : Economy Section :National Income Concept : India’s industrial production growth slipped to 4.3 per cent in December from 7.3 per cent in November 2022, mainly due to subdued performance of the manufacturing sector, according to official data. However, there was improvement on […]
India notifies to WTO its quality control plans for 12 protective textile items Subject : Economy Section :External Sector Concept : India has notified to the WTO of its intention to come up with a quality control order (QCO) for 12 items made of protective textile including protective clothing and gloves, bullet resistance […]
Bear cartel hand seen in $100b rout in Adani shares Subject : Economy Section :Money Market Concept : An initial probe by market regulator SEBI and government agencies suggests that a bear cartel may have triggered the $100billion rout in the share price of Adani Group companies through the use of highly potent […]