NATIONAL STOCK EXCHANGE (NSE) TOPIC: Economy Context- In April 2019, SEBI’s investigations unearthed evidence of gross negligence and a complete disregard for public and investor interests at the NSE. Concept- NSE: National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. The National Stock Exchange […]
BANK FAILURES TOPIC: Economy Context- The Finance Ministry issued a gazette notification to Punjab Maharashtra Co-operative Bank Ltd (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022. Concept- Bank failure is not something new in India. After the formation of the Reserve Bank of India in 1935, till the time of Independence (1947), […]
DOLLARIZATION OF INDIAN ECONOMY TOPIC: Economy Context- If India allows a private currency like cryptocurrency in the country it could lead to Dollarisation of the Indian economy and the central bank will lose the ability to control policy, said RBI Deputy Governor Rabi Sankar. Concept- Dollarisation of Indian economy: Adopting a private currency […]
AGRI CESS ON CRUDE PALM OIL TOPIC: Economy Context- The central government has reduced agri-cess for crude palm oil (CPO) from 7.5% to 5% with effect from February 12. Concept- This will provide relief to consumers and help in keeping a check on any further rise in the prices of domestic edible oils. […]
INFLATION TOPIC: Economy Context- Retail inflation based on CPI hit a seven-month high topping 6 per cent in January. In contrast, producers’ inflation, based on WPI, dropped to 12.96 per cent in January. Concept- Inflation: Inflation refers to the rise in the prices of most goods and services of daily or common use, […]
IPO TOPIC: Economy Context- The mega initial public offering (IPO) of Life Insurance Corporation (LIC) is coming when markets are volatile and foreign portfolio investors (FPIs) are pulling out from Indian stocks in the wake of the US Fed tightening rates. Concept- Who can apply? A portion of shares, not exceeding 5 percent […]