SAARC currency swap framework Subject : Economy Context: The Reserve Bank of India has signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework. Details: This agreement will enable the MMA to make drawals in multiple tranches up to a maximum of USD 200 million from […]
Bank Runs aren’t what they used to be Subject : Economy The collapse of crypto exchange FTX; the flood of assets out of Credit Suisse Group AG; the limits on fund redemptions by Blackstone Real Estate Income Trust (BREIT) – they’ve all been characterized as “bank runs” by various economic Google searches for […]
IRDAI opens bancassurance floodgates for all insurers Subject : Economy Insurance regulator IRDAI has now widely thrown open the bancassurance channel for insurers as part of its overall effort to increase insurance penetration in the country. Also, to achieve the long-term goal of ‘insurance for all’ by 2047, when the country will celebrate […]
Yoginder K Alagh Subject :Economy Who was Yoginder K Alagh: He was an Indian economist and Union Minister of State with independent charge of Power, Science & Technology and Planning & Programme Implementation during the United Front government in 1996-98. He was the Chairman of Institute of Rural Management Anand (IRMA) from 2006 […]
National Single Window System Subject: Economy Context: PAN could become a single ID for investment approvals. Details: Investors may soon no longer have to fill in multiple identity details for accessing the National Single Window System for project-related clearances and approvals. Concept: National Single Window System? The platform was soft launched in September […]
Digital Markets Act Subject: Economy Context: the fifth edition of the EU-India Competition Week held at CCI headquarters in New Delhi. Concept: In 2013, CCI and Directorate General for Competition (DG COMP) of the European Commission signed a Memorandum of Understanding (MoU) for technical cooperation that has provided a platform for dialogue and […]
Foreign source under the Foreign Contribution (Regulation) Act 2010 Subject: Economy Context: The Union Home Ministry has released a list of 117 organisations whose contribution to Indian entities will not be covered under the Foreign Contribution (Regulation) Act, 2010. Details: The UN agencies and other international bodies-“to be not covered” by the definition […]
Crowding out effect and debt trap Subject :Economy Context: State has transitioned over the years from being “debt-stressed” to “debt-trapped”, generating a typical crowding out effect on private investment in Punjab. Concept: Debt Trap: The debt trap is a vicious cycle wherein one borrows new loans in order to clear the already existing […]
Universal Safety Oversight Audit Programme Continuous Monitoring Approach (USOAP CMA) Subject :Economy Context: India jumps to 48th place in ICAO aviation safety ranking Details. India is now at the 48th position, a “quantum leap” from the 102nd rank it had in 2018. The Directorate General of Civil Aviation (DGCA) got the highest Effective […]
Employees State Insurance Corporation Subject :Economy Context: Government allows Employees State Insurance Corporation to invest up to 15% of its surplus funds into equity through exchange traded funds. Details: The investment will be confined to Exchanged Traded Funds on Nifty and Sensex. It will be managed by fund managers of asset management companies […]