WTO on Public Stockholding Subject: Economy Section: External Sector Context: Economy A total of nearly 80 members from various Organisations including the G-33 group have submitted a joint proposal at the WTO regarding public stock holding based on a fair way of calculating subsidies with a current external reference price instead of an […]
MCA new rule Subject: Economy Section: Indian economy Context: The Ministry of Corporate Affair has announced a new rule to strengthen the checks and balances against opportunistic takeover of Indian companies by entities in countries with which India shares its land border. Details: It has mandated that the inbound mergers in India involving […]
RBI Recurring payment mandate and SaaS Subject: Economy Section: Monetary Policy Context: Seven months after the Reserve Bank of India’s rule on recurring payment, small businesses and start-ups are still facing issues regarding timely payments to vendors. RBI Recurring payment mandate: As per RBI’s directive, there will be no automatic recurring payment for […]
Streaming analytics platform Coralogix gets $142 million in Series D round Subject: Economy Section: Indian Economy Context: The Series D round is a little complicated compared to the previous ones. Although most organizations finish raising money in the previous round, there are some reasons an organization may choose a Series D round: THE […]
National Bank for Financing Infrastructure and Development (NABFID) Subject: Economy Section: Monetary Policy Context: The central bank also observed that the setting up of the National Bank for Financing Infrastructure and Development (NABFID) is expected to shift the burden of long-term financing away from banks. Concept: National Bank for Financing Infrastructure and Development […]
Restructuring of loan Subject: Economy Section: Monetary Policy Context: With the unwinding of support measures, some of the restructured accounts might face solvency concerns, with the impact on banks’ balance sheets becoming clearer in the upcoming quarters, said the Reserve Bank of India’s latest annual report. The RBI noted that the setting up […]
RBI Risk Provisioning Subject: Economy Section: Monetary Policy Context: The six-fold increase in RBI’s transfer to the Contingency Fund reduced the central bank’s surplus transfer to the government. Central bank’s risk provision: The central bank’s main risk provision accounts are – Contingency Fund– This is a specific provision meant for meeting unexpected and […]
Green Hydrogen: Fuel for future Subject :Economy Section : Fiscal Policy Context: At the World Economic Forum in Davos, Switzerland, a few days ago, Minister of Petroleum and Natural Gas Hardeep Singh Puri said India will emerge as the leader of green hydrogen by taking advantage of the current energy crisis across the […]