SURETY BONDS TOPIC: Economy Concept- The government has allowed the use of surety insurance bonds as a substitute for bank guarantees for infrastructure development. Concept- What is Surety Bond? Surety Bond is a three-party agreement that legally binds together a principal who needs the bond, an obligee who requires the bond and a […]
BOND YIELD TOPIC: Economy Context- On February 1, as Finance Minister indicated that the government would borrow more from the market, the yield on the 10-year benchmark bond issued by the central government jumped 17 basis points to 6.85%. Concept- Bond: Bond is an instrument to borrow money. A bond could be floated/issued […]
GOVERNMENT SECURITIES (G-SEC) TOPIC: Economy Context- Government Securities (G- Secs) continued to keep investors attracted a day after the Budget, with G-Sec yields further rising upto 7 percent mark. Concept- Government Securities: A G-Sec is a tradable instrument issued by the Central Government or the State Governments. It acknowledges the Government’s debt obligation. […]
FDI POLICY TOPIC: Economy Context- The DPIIT is in the last phase of its interministerial discussion on making changes to the Foreign Direct Investment (FDI) policy to allow disinvestment in Life Insurance Corporation. Concept- Foreign Direct Investment: FDI is the process whereby residents of one country (the home country) acquire ownership of assets […]
COMPETITION COMMISSION OF INDIA TOPIC: Economy Context- Competition Commission on Wednesday said Supreme Court has dismissed a petition filed by tyre companies wherein they had challenged the regulator’s order imposing penalties totalling over Rs 1,788 crore on them for anti-competitive practices. Concept- In August 2018, CCI had imposed a fine on Apollo Tyres, […]