Banking sector remains stable, resilient says RBI Subject : Economy Section: Monetary Policy and Banking Concept : The Reserve Bank of India (RBI) has said that as a regulator and supervisor, it maintains a constant vigil on the banking sector and on individual banks to maintain financial stability. The RBI said, as per […]
Sebi notifies stronger framework for green bonds Subject : Economy Concept : Markets regulator Sebi on Friday strengthened the framework for green bonds by introducing the concept of ‘blue’ and ‘yellow’ bonds as new modes of sustainable finance. Blue bonds relate to water management and marine sector, while yellow bonds pertain to solar […]
Sebi tweaks rules for sharp rating actions, non-cooperating issuers Subject : Economy Concept : Financial markets The Securities and Exchange Board of India (Sebi) has tweaked the framework around ‘sharp rating actions’ and also fine-tuned the policy for dealing with non-cooperating issuers for credit rating agencies (CRAs). SEBI tweaked its operational circular on […]
Section 10 (26AAA) of the IT Act 1961 Subject :Economy Section: Fiscal Policy Concept : On January 13, the Supreme Court held that the benefit of tax exemption provided in Section 10 (26AAA) shall be extended to all Sikkimese people. (Association of Old Settlers of Sikkim vs Union of India) Before this judgment, […]
Green channel Subject: Economy Section: Msc Concept: Keeping in view the needs of the market and the best practices in other jurisdictions, the Commission, vide notification dated August 13, 2019, amended Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011, and introduced an automatic system […]
Products available in the Secondary Market Subject :Economy Context: Adani issue Concept: Following are the main financial products/instruments dealt in the secondary market: Equity: The ownership interest in a company of holders of its common and preferred stock. The various kinds of equity shares are as follows:- Equity Shares: An equity share, commonly referred […]
Additional Surveillance Mechanism Subject : Economy Section: Capital Markets Concept : The National Stock Exchange (NSE) placed Adani Enterprises, Adani Ports, and Ambuja Cements under the additional surveillance mechanism (ASM). The move comes as shares of Adani group companies continue to fall in the wake of accusations of stock manipulation. Additional Surveillance Mechanism […]
Angel Tax extended to foreign investors Subject : Economy Section :Fiscal Policy Concept : In Budget 2023-24, the government has proposed to extend the so-called ‘angel tax’ provisions to transactions involving foreign investors. According to the proposal, the excess premium received on sale of shares by an Indian unlisted company to a foreign […]
Important Budget Terms Subject: Economy Section: National Income Concept: Nominal GDP and Real GDP Nominal GDP refers to the current year production of final goods and services valued at current year prices. Real GDP refers to the current year production of goods and service valued at base year prices. Base year prices are […]