Seed funding Subject: Economy Context: India’s deep tech startups need higher seed and early stage funding to grow faster. Details: In India only 11 per cent of total technology-related funding is going to deep tech. Concept: Deep tech or deep technology startups are enterprises that work in the area of emerging technologies like […]
Real Estate Investment Trust (REIT) Subject: Economy Context: Nexus Select Trust has filed the Draft Red Herring Prospectus (DRHP) with the SEBI for India’s first retail REIT public issue in the first half of 2023. Details: At present, there are three listed REITs — Embassy Office Parks REIT, Mindspace Business Parks REIT and […]
Capex by States Subject: Economy Context: The central government has sanctioned ₹60,000 crore of long-term capital expenditure funds to states. Concept: Scheme Special Assistance to States for Capital Investment Under this Scheme, financial assistance is provided to the States Governments in the form of 50-year interest free loan for capital investment projects. For […]
Registered Investment Advisor Subject :Economy Context: SEBI will soon come out with guidelines for financial influencers, usually referred to as fin-fluencers–who give stock advice on social media platforms. Details: SEBI will make it mandatory for social media influencers to register and make them follow most of the other norms that are applicable to […]
International Arbitration Subject: Economy Context: Global India must maintain the sanctity of international arbitral proceedings–CJI said with respect to the Amazon arbitration case. Concept: International arbitration is arbitration between companies or individuals in different states, usually by including a provision for future disputes in a contract. International arbitration allows the parties to avoid […]
Sub-Committee of the Financial Stability and Development Council Subject : Economy Context : Members of the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) resolved to remain vigilant and proactive to ensure that financial markets and financial institutions remained resilient. Concept: Financial Stability and Development Council (FSDC) It is a non-statutory apex […]
Vostro Account Subject: Economy Why in the news? The government announced that nine special Vostro accounts have been opened with two Indian banks after permission from the RBI. Details: It aims to facilitate trade in rupee in the wake of sanctions on Russia. Vostro account? A Vostro account is an account that a […]
Bulk drug park Subject : Economy Context : The department of pharmaceuticals has set up a high-level committee to monitor the progress of bulk drug parks. Concept: Bulk drug: A bulk drug, also called an active pharmaceutical ingredient (API) It is the key ingredient of a drug or medicine, which lends it the […]
Cess and surcharge as deductions Subject: Economy Section: Fiscal policy Context: India’s fiscal federalism turning into coercive because of increasing cess and surcharges Cess and surcharge are the taxes levied by the Union Government in order to raise funds for government operations. Though both Cess and Surcharge add money to the government’s revenue, […]