United Nations Framework Classification for Resources Subject: Economy Context: Industry body Assocham has sought reduction in basic customs duty and correction of inverted duty structure on critical raw materials for the aluminium industry. Concept: Critical Raw Materials (CRMs) are those raw materials that are economically and strategically important for the economy but have […]
NCLAT Subject: Economy Context: NCLAT has set aside an order passed by the CCI and in another order also held that Competition Act 2002 does not provide that CCI must have a judicial member. Details: The case pertains to CCI rejecting a complaint against a real estate firm for alleged abuse of the […]
Inversion of US treasury yield Subject: Economy Context: The US does look headed for a recession — a key pointer is the inversion of US treasury yields. Concept: Recession: A recession typically involves the overall output in an economy contracting for at least two consecutive quarters, along with job losses and reduction in […]
RBI’s rate hike influenced by external factors Subject : Economy The RBI raised its ‘repo rate’ under Liquidity Adjustment Facility (LAF) from 5.90 to 6.25 per cent on December 7. It is the 5th consecutive hike in the RBI’s main policy rate. It is linked to the developments in the external sector like […]
House Panel recommends enacting Digital Competition Act Subject : Economy The Parliamentary Standing Committee on Finance headed by Jayant Sinha has in its latest Big Tech report come up with a slew of recommendations on digital markets, including the introduction of a Digital Competition Act. The committee, in its report titled ‘Anti competitive […]
SEBI is phasing out the stock exchange route for buybacks Subject : Economy Context: The Securities and Exchange Board of India has amended the share buyback regulations and announced a gradual phase out of stock exchange buybacks. The regulator favours the repurchase of shares by companies from shareholders on a proportionate basis through […]