Dumping Subject :Economy Context: The commerce ministry has terminated an anti-dumping investigation into import of solar cells from China, Thailand and Vietnam following a request from the Indian Solar Manufacturers Association(ISMA). Concept: Dumping and Anti-dumping measures: In international trade parlance, dumping happens when a country or a firm exports an item at a […]
Bharatmala Pariyojana Scheme Subject :Economy Context: Kerala’s 625-km coastal highway project connecting nine districts has received a fillip following a recent meeting convened by the State PWD Minister. Details: The coastal highway will pass through Thiruvananthapuram, Kollam, Alappuzha, Ernakulam, Thrissur, Malappuram, Kozhikode, Kannur and Kasargod. It will be funded by Kerala Infrastructure Investment […]
Project mBridge: Connecting economies through CBDC Subject :Economy Context: The payment system underpinning cross-border financial flows needs recalibration with the launch of CBDC by various countries. Details: Multiple CBDC (multi-CBDC) arrangements that directly connect jurisdictional digital currencies in a single common technical infrastructure offer significant potential to improve the current system and allow […]
RE, BE, Actuals Subject :Economy Context: The Revised Estimate will be made public along with the Budget Estimate (BE) for Fiscal Year 2023-24 (FY24). Details: Normally RE for a fiscal year is finalised on the basis of expenditure made in the first six months of that year, while BE for next fiscal year […]
The International Forum for Independent Audit regulators (IFIAR) Subject: Economy Why in the news? The National Financial Reporting Authority (NFRA) has published its audit quality inspection guidelines. Details: It aims to further improve the quality of audit profession. The inspection guidelines are on the lines of the best practices followed by International Audit […]
The Takeover code and disinvestment Subject: Economy Why in the news? SEBI has amended its Takeover Code through amendments to the SEBI (substantial acquisition of shares and takeover) Regulations. Details: The earlier requirement of calculating 60 days volume weighted average market price (VWAMP) for determination of open offer price in case of disinvestment […]
Actions against ponzi schemes Subject: Economy Why in the news? The government and investigative agencies have ramped up enforcement action against those running unauthorised schemes. Various measures taken: CENTRAL BUREAU OF INVESTIGATION (CBI): CBl has registered 100 cases relating to Ponzi Schemes during the years 2019 to 2022 (up to June 30,2022). DIRECTORATE […]
Municipal Bonds Subject: Economy Context: Listing of municipal bonds in the stock exchanges can pave the way for developing the much-needed secondary market for municipal bonds in India, according to the Reserve Bank of India’s report on municipal finances. Details of the report: The revenue generation capacity of municipal corporations is declining over […]
National Pension Scheme and related schemes Subject: Economy Context: The Finance minister said that the money in the National Pension Scheme (NPS) belongs to the people and as per law, can’t go back to state governments. Details: Certain states have asked the Centre to return the money under NPS for restarting the Old […]
Various Debt instruments Subject: Economy Context: Should retail investors park their money in debt instruments and funds for the medium term, or should they wait for rates to peak? Details: Returns on debt funds and instruments like non-convertible debentures (NCDs) are showing signs of improvement due to rise in repo rate, reverse repo […]