Short Selling Subject : Economy Section: Money market Concept : Short seller Hindenburg Research on January 25 disclosed short positions in Adani Group, alleging stock manipulation and accounting fraud in its latest investigative report. What is Short Selling? Short-selling allows investors to book profit from stocks or other securities when they go down […]
India to move to T+1 Settlement System Subject : Economy Section : Money Market Concept : After China, India will become the second country in the world to start the ‘trade-plus-one’ (T+1) settlement cycle in top listed securities from January 27. Background : Until 2001, stock markets had a weekly settlement system. The […]
Govt to provide special aid to States for road sector reforms Subject : Economy Section : Msc Concept : The Union Finance Minister has included road transport under the scheme for providing special assistance to States for capital investment. Under this, States can get incentives for scrapping old vehicles. It aims to provide […]
Govt to release 30 lt wheat for open sale Subject : Economy Section : Msc Context: A committee of ministers headed by Home Minister Amit Shah has approved the release of 30 lakh tonnes (lt) of wheat from the stocks held by the Food Corporation of India (FCI) to control prices in the […]
Scrap windfall tax for oil and gas exploration: FICCI Subject: Economy Section :Fiscal Policy Concept : The government should scrap the windfall profit tax on domestically-produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas, the industry said in its recommendation for the forthcoming annual budget. India […]
New Bank Locker Agreement Subject : Economy Section :Monetary Policy Concept : RBI has extended the deadline for banks to renew locker agreements with existing locker customers in a phased manner to December 31, 2023. Background A New Bank Locker Rule has come into effect from January 1, 2023, according to a Reserve […]
‘Nidhi companies need to step up disclosures’ Subject : Economy Section: Msc Context: The government has now made it mandatory for Nidhi companies to inform the authorities about any change in management control as part of additional disclosers required by these companies. Other information re quired includes details of collection centres and profit […]