RBI’s Monetary Policy Committee member Varma diverged from policy stance Subject – Economy Context – RBI’s Monetary Policy Committee member Varma diverged from policy stance, called for tightening Concept – While the Reserve Bank’s Monetary Policy Committee (MPC) retained the accommodative stance and kept the main policy rates unchanged in the review earlier […]
Indian Telegraph Right of Way (Amendment) Rules 2021 Subject – Economy Context – Amended telegraph right of way rules notified Concept – The government notified Indian Telegraph Right of Way (Amendment) Rules, 2021 to incorporate the provisions related to nominal one-time compensation and uniform procedure for establishment of overground telegraph line in the […]
RBI caps IPO funding by NBFCs at ₹1 cr per borrower Subject – Economy Context – RBI caps IPO funding by NBFCs at ₹1 cr per borrower Concept – The Reserve Bank of India announced a scale-based regulation of non-banking finance companies, which include a ceiling on IPO funding per borrower as well […]
Non-Fungible Token (NFT) Subject – Economy Context – NFTs gain traction with celebrities on board Concept – Led by celebrities that include Bollywood actors, designers and cricketers, nonfungible tokens, or NFTs, are slowly gaining traction in India. Experts say the NFT market is still small and very niche in nature, but investor interest […]
Strategic Oil Reserves Subject – Economy Context – India to sell half of Mangaluru strategic oil reserves by December Concept – India has started selling crude oil from its strategic reserves to state refiners with a view to soften the blow from surging global crude prices, while also creating space for leasing out […]
Pre-IPO Placement Subject – Economy Context – Paytm weighs scrapping pre-IPO sale plan on valuation differences Concept – A pre-initial public offering (IPO) placement is a private sale of large blocks of shares before a stock is listed on a public exchange. The buyers are typically private equity firms, hedge funds, and other […]
PM Gati Shakti plan Subject – Economy Context – Government panel Okays group to steer PM Gati Shakti plan Concept – The government set in motion the execution of its ambitious PM Gati Shakti National Master Plan (NMP) by approving a three-tier mechanism, including an all-powerful empowered group of secretaries (EGOS) under the […]
Investing forex reserves in equities can fetch higher returns Subject – Economy Context – Investing forex reserves in equities can fetch higher returns: RBI report Concept – Investment of India’s rising foreign exchange reserves in equity funds, especially index funds, can fetch higher returns as interest rates which have been on a declining […]