Third-party application provider (TPAP) Subject :Economy Background: NPCI in 2020 came up with a directive to cap the share of transactions a third-party application provider (TPAP) could process at 30 per cent of the volume of transactions handled on UPI, effective January 1, 2021, which is to be calculated on the basis of […]

    How e-rupi will work Subject :Economy Context: The Reserve Bank of India (RBI)   launched the Central Bank Digital Currency (CBDC) — digital rupee or e-rupee (e₹). CBDC is a legal tender issued by the RBI in digital form. It is the same as the fiat currency- is exchangeable one-to-one with the fiat […]

    Financially Sound and Well Managed (FSWM) banking entities Subject: Economy Context: Reserve Bank of India prescribed revised norms to categorise UCBs as Financially Sound and Well Managed (FSWM) banking entities and announced a four-tiered regulatory framework Details: The four-tiered regulatory framework is based on the size of deposits of the UCBs. The extant […]

    Round tripping Subject :Economy Context: Tax havens are used to roundtrip money into India Context: A tax haven is a jurisdiction with very low “effective” rates of taxation for foreign investors. In some traditional definitions, a tax haven also offers financial secrecy. However, while countries with high levels of secrecy but also high […]

    Animal spirit Subject :Economy Context: Uday Kotak has requested big companies to increase investments What is animal spirit? The term animal spirit was innovated by John Maynard Keynes and it indicate the internal urge for action by business people and consumers to engage in more investment and consumption. Hence animal spirit is the […]