FSIB composition and funding Subject : Economy Section: Regulation About the Financial Services Institutions Bureau (FSIB) The Cabinet Appointments Committee (ACC) has passed a government resolution to establish the Financial Services Institutions Bureau (FSIB) in place of the Banks Board Bureau (BBB). All assets, interests and liabilities of the BBB now stand transferred […]
Alternative Investment Funds (AIFs) Subject: Economy Section: Money Market Context: As many as 15 alternative investment funds (AIFs) are being probed by market regulator SEBI for various malpractices and the creation of hybrid structures. Details: SEBI has recently tightened norms on IPO investments, which is creating difficulties for High Net Worth Investors to […]
The Export Inspection Council (EIC) and wheat flour export Subject :Economy Section :External Sector Context: The Directorate General of Foreign Trade and the Food Ministry are planning to rope in quality inspection agencies like the Export Inspection Council (EIC) to carry out the testing for wheat flour (atta) exports to assist the InterMinisterial […]
Edible Oil Price Subject :Economy Section :Agriculture Context: The data on all-India Daily Weighted Average Prices of Major Edible Oils, available on the Department of Consumer Affairs’ website, shows that the prices of five edible oils – mustard oil, vanaspati, soya oil, sunflower oil and palm oil – have declined by 2-8 per […]
Leadership development programme for PSU banks (PSBs) Subject :Economy Section : Banking Context: The Financial Services Institutions Bureau (FSIB), the body formed by the government to select the CEOs and Directors of public sector banks, insurance companies and financial institutions, will select top officials of banks via a grooming process under a leadership […]
PM Gati Shakti portal maps key transmission projects across RE-rich states Subject :Economy Section :Infrastructure The PM Gati Shakti NMP portal provides ‘One-click Comprehensive view’ to steer and simplify the planning and implementation process by reduction of time and cost of implementation in power transmission projects PM Gate Shakti NMP would be a […]
Kakatiya’s heir inaugurates weeklong fest in Warangal Subject: Economy Section: External Sector Context: Mr. Kamal Chandra Bhanj Deo, the 22 nd descendent of the Kakatiya dynasty, from the erstwhile princely family of Bastar, offered prayers at the historic Bhadrakali temple in Warangal marking the formal launch of the weeklong fest. Kakatiya dynasty The Kakatiya dynasty was […]
Unsustainable Current Account Deficit Subject :Economy Section :External Sector Why in the news? The Current Account Deficit is at an unsustainable level and the RBI’s measures are expected to work merely as short-term fixes. Details: The BoP data for 2021-22 recorded CAD at $38.9 billion (or 1.2 percent of GDP) and with the […]