Simplifying Claims Settlement: IEPFA’s Initiative Subject: Economy Section: Capital and money market The Investor Education and Protection Fund Authority (IEPFA) has launched an initiative to enhance the investor experience and streamline the claims settlement process. Purpose of Initiative: Aimed at simplifying, expediting, and streamlining the claims settlement process. Intends to reimagine the refund […]
Impact of Election Schedule on Nifty and Bank Nifty Options Subject: Economy Section: Financial market Historical Timing and Current Scenario: Previous election results of 2009, 20014 and 2019 were announced in May. Election Commission announced a seven-phase schedule from April 19 to June 1, with counting on June 4. Market Reaction and Option […]
Mauritius: Shifting Perspectives on Taxation and Investment Subject: Economy Section: Fiscal Policy From Tax Haven to Gateway Reform Initiatives: Mauritius, historically seen as a tax haven, has undertaken substantial reforms. Initiatives such as signing the Multilateral Instrument, abolishing the deemed foreign tax credit, and amending the Income Tax Act have reshaped its financial […]
India’s Proposal on Moratorium on Customs Duties for E-Transmissions Subject: Economy Section: External Sector Background: The moratorium on customs duties for e-transmissions has been receiving temporary extensions at the World Trade Organisation (WTO) since 1998. India aims to redefine the scope and definition of this moratorium, particularly regarding digitized goods like e-books, e-music, […]
Shrinking Board Sizes and Corporate Governance: Key Insights Subject: Economy Section: Financial market and money market Trend in Board Size: In recent years, corporate boards are facing scrutiny over governance issues, leading to a trend of shrinking board sizes. A new report by Excellence Enablers, backed by former SEBI Chairman M Damodaran, reveals […]
Banking Crisis Aftermath: Considerations for Strengthening Banking sector Subject: Economy Section: Monetary Policy Background: A banking crisis involving Credit Suisse occurred a year ago. Government-sponsored rescue of Credit Suisse and U.S. bank salvages in March 2023. Current Situation: Regulators and lawmakers are beginning to address concerns. Top global financial watchdog warned Switzerland to […]