Microfinance Institutions Subject – Economy Context – MFIs seek additional ₹7,500 cr. under credit guarantee scheme Concept – These are organizations that offer financial services to low-income populations. They provide services such as micro loans(all loans that are below Rs.1 lakh), micro-savings, and microinsurance. Microfinance Institutions provide small loans to people who do not have any access to banking facilities. Their […]
Moody’s upgraded India’s sovereign rating outlook Subject – Economy Context – Moody’s gives ‘stable’ rating to India Concept – Asserting that India’s downside risks from negative feedback between real economy and financial system are receding, ratings agency Moody’s changed India’s sovereign rating outlook from ‘negative’ to ‘stable’, while affirming the country’s foreign-currency and […]
Public Debt Subject – Economy Context – In its recent research report, Morgan Stanley forecasted that India will be included in global bond indices in early 2022 and this will result in investment inflow of $170-250 billion into the Indian sovereign bond market during the next decade Concept – Before Independence, the borrowing […]
Gati Shakti Vision Subject – Economy Context – Need to double infra spending: Seth Concept – Gati Shakti will be a National Infrastructure Master Plan for our country which will lay the foundation of holistic Infrastructure. This scheme of more than 100 lakh crores rupees will result in new employment opportunities for lakhs of youth. […]
Swing Pricing Subject – Economy Context – Last week, SEBI introduced a new swing pricing framework for debt mutual funds to protect retail investors in times of massive redemptions. Concept – Under swing pricing, an AMC adjusts or ‘swings’ by a certain percentage the net asset value (NAV) of any MF scheme facing […]
RBI supersedes boards of two debt-laden Srei companies Subject – Economy Context – RBI supersedes boards of two debt-laden Srei companies Concept – After months of uncertainty over the debt-laden Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL), the Reserve Bank of India superseded the boards of the Kolkata-based non-banking financial companies […]