G-Secs to floating rate bonds Subject – Economy Context – Govt announces switching two G-Secs to six floating rate bonds Concept – The government announced the conversion or switch of two government securities (G-Secs), both maturing in 2022 and aggregating ₹36,000 crores (face value) into six floating rate bonds (FRBs) maturing between 2028 […]

    Centre scraps import duty on crude edible oils Subject – Economy Context – Centre scraps import duty on crude edible oils, lowers agri cess Concept – The Centre cut the import duty on crude edible oils to zero and reduced the Agriculture Infrastructure and Development Cess (AIDC) on all oils — crude and […]

    Strategic Disinvestment Subject – Economy Context – EoI for strategic sale of IDBI by Dec: DIPAM Secretary Concept – Government of India (GoI) and LIC together own more than 94 per cent of equity of IDBI Bank (GoI 45.48 per cent, LIC 49.24 per cent). LIC is currently the promoter of IDBI Bank […]

    Series A, B, C Funding Subject – Economy Context – Resha Mandi raises $30 m through Series A funding Concept – To know more about Series A, B, C Funding, please click here.

    BharatPe Subject – Economy Context – RBI grants banking licence to USFBL Concept – The Reserve Bank of India on Tuesday granted a banking licence to Unity Small Finance Bank Ltd (USFBL), which was established jointly by Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited (BharatPe), to carry on SFB business […]

    Depreciation and Devaluation of currency Subject – Economy Context – Rupee Weakens To 15-Month Low Concept – Devaluation of a currency Devaluation of a currency is associated with countries having a fixed exchange rate regime. Under the fixed rate regime, the central bank or the government decides the value of the currency with […]

    India’s Equity Market Subject – Economy Context – Indian equities on track to join top-5 market-cap club, displacing UK Concept – India’s equity market is on the cusp of overtaking that of the UK in value to join the world’s top-five club, at least by one measure. The likely feat comes as record-low […]

    Indian Ports Bill 2021 Subject – Economy Context – Ports Bill is raising States’ hackles Concept – The Indian Ports Bill 2021 seeks to replace more than a century old Indian Ports Act 1908. The new Bill incorporates a number of international regulatory developments in the national legislation namely the “International Ship and […]

    Neobank Subject – Economy Context – Neo-banking platform Open raises $100 m from Temasek, Google, SBI Investment Concept – Open, a Bengaluru-based SME-focussed neo-banking platform, has raised $100 million in Series C round from Temasek, along with the participation of Google and SBI Investment. Founded in 2017, Open offers a neo-banking platform that […]

    Rubber Board Subject – Economy Context – Rubber Board bets big on medicinal plants Concept – Intercropping of medicinal plants in rubber plantations has gained momentum with leading ayurvedic medicine manufacturing companies coming forward to take up the project by supplying necessary planting materials. Through the project, the Board aims to improve the […]