India’s remittance lifeline Subject: Economy Section :External sector Context: Remittances were a source of comfort for India’s BoP during the pandemic. But a shift in share of sources is worrisome. Balance of payments data from the RBI Balance of payments data from the RBI suggest that remittance inflows have been relatively strong through […]
State Development Loan Subject : Economy Section : Fiscal Policy Concept : Tamil Nadu is planning to raise ₹51,000 crore in the fourth quarter (January-March) of fiscal 2022-2023 by auctioning off bonds called State Development Loans, according to the Reserve Bank of India’s borrowing calendar. State Development Loans (SDLs) State Development Loans (SDLs) […]
Passive Debt Funds Subject : Economy Section :Money Market Concept : Passive Funds A passive fund is an investment vehicle that tracks a market index, or a specific market segment, to determine what to invest in. Unlike with an active fund, the fund manager does not decide what securities the fund takes on. […]
SC notice on Kerala GST law permitting levy of tax under VAT scheme Subject : Economy Section: Fiscal Policy Concept : The Supreme Court this week sought responses from the Central government and the State of Kerala in a plea challenging provisions of the Kerala Goods and Services Tax (GST) Act that permit […]
Revised EXIM Data Subject : Economy Section :External Sector Concept : India’s foreign trade data for the first eight months of 2022-23 have been significantly revised, with the import bill being scaled up or down by at least two billion dollars in each of those months, in comparison to the preliminary estimates issued […]
AT1bonds Subject: Economy Section: capital Market Context: The Bombay High Court Friday quashed the write-off of additional Tier-1 (AT1) bonds worth Rs 8,400 crore issued by Yes Bank Ltd, giving a big relief to investors who invested in these bonds What are AT1bonds? AT1 Bonds are unsecured bonds that have perpetual tenor. In […]
U.S. hits debt ceiling as partisan standoff sparks economic worries Subject : Economy Section :External Sector Concept : The U.S. government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the Republican-controlled House of Representatives and President Joe Biden’s Democrats on lifting the ceiling, which could lead to a fiscal […]