Poverty Estimate Subject: Economy Section: National Income Context: Extreme poverty in India has declined by over 12 percentage points during 2011-2019, a World Bank working paper has said. Details: Extreme poverty was as low as 0.8 per cent in the pre-pandemic year of 2019, and food transfers were instrumental in ensuring that it […]

    Fractional Shares Subject: Economy Section: Money Market Context: The Company Law Committee, formed by the Ministry of Corporate Affairs, has recommended various measures, including the issuance of fractional shares, restricted stock units (RSUs) and stock appreciation rights (SARs), besides allowing companies to hold shareholders meetings in hybrid mode to boost ease of doing […]

    What is twitter ‘poison pills’? Subject: Economy Section: Capital market Context: Twitter is trying to thwart billionaire Elon Musk’s takeover attempt with a “poison pill”, a financial device that companies have been wielding against unwelcome suitors for decades Content: In order to protect themselves from hostile takeovers during these testing times, many companies across the […]

    Banknotes Subject: Economy Section: Monetary Policy Context: The Reserve Bank of India (RBI) seems to have shelved its plastic banknote project with the surge in digital payments, further due to its ability to withstand India’s high temperature and the central bank’s plans to launch a Central Bank Digital Currency (CBDC) in FY23. The […]

    Statutory Liquidity Ratio Subject: Economy Section: Monetary Policy Why in the news? the growing disconnect, and divergence between benchmark yields and bank lending rates, with banks entering a new territory where lending rates are now effectively lower than yields, thereby taking the sheen off risky lending. Recent hike in government bonds: Inflation New […]

    Convertibles  Subject: Economy Section: Monetary Policy Context: Start-ups will now get five more years to convert convertible notes into equity shares under the Foreign Exchange Management (Non-debt Instruments or NDI) Rules, 2019. Convertible vs Non Convertible Debentures: Convertible debentures are debentures that can be converted into equity of the company and have a […]

    Foreign Exchange Management Act (FEMA) Subject :Economy Section: External sector Context: Chinese mobile phone maker Xiaomi has come under the Enforcement Directorate (ED) scanner in connection with alleged foreign remittances of Rs 1,000 crore, which according to the agency is not compliant with the foreign exchange rules. Foreign Exchange Management Act (FEMA): FEMA […]

    Section 80G of Income tax act Subject: Economy Section: Fiscal policy Context: Centre has granted the Somnath Temple in the State the status of a place of “historic importance and a place of public worship of renown” under the Income Tax Act. This means donations to the temple will get a tax exemption. […]

    Inflation and rising Bond Yield Subject: Economy Section: Inflation Context: India’s benchmark 10-year government bond on Tuesday rose by another four basis points to hit a new high of 7.19 per cent amid worries over rising inflation and the RBI move to suck out liquidity from the system. Concept : Bond yield and […]