National Financial Reporting Authority (NFRA) Subject – Economy Context – ‘NFRA needs to have standalone legislation Concept – The NFRA may take action against auditors for professional misconduct but when it came to other functionaries of a company who have the responsibility for financial reporting, penal powers continue to be vested with the […]
GST Council Subject – Economy Context – Packed agenda for GST Council today Concept – To know about GST Council, please click here.
IPO Price Discovery Subject – Economy Context – Ajay Tyagi: IPO price discovery not as ‘transparent’ as stock markets Concept– Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi on Thursday said the initial public offering (IPO) market price discovery is not as “transparent and efficient” as secondary market price discovery and […]
Bad Banks Subject – Economy Context – Finance Minister Nirmala Sitharaman has announced the formation of India’s first-ever “Bad Bank” Concept – “National Asset Reconstruction Company Limited” (NARCL) has already been incorporated under the Companies Act. It will acquire stressed assets worth about Rs 2 lakh crore from various commercial banks in different […]
Small Finance Bank Subject – Economy Context – The Reserve Bank has given its go-ahead to Ujjivan Small Finance Bank (SFB) to form a special committee of directors to oversee operations in the absence of an MD and CEO. Concept – To know about Small Finance banks, please click here.
India now world’s No 6 stock market by M-cap Subject – Economy Context – As Sensex tops 59,000, India now world’s No 6 stock market by M-cap Concept – The slew of reforms announced by the Centre for the telecom sector along with the expected announcement on a bad bank pushed India’s benchmark […]
Redefinition of Adjusted Gross Revenue Subject – Economy Context – Lifeline for telcos as govt. offers fouryear moratorium on dues Concept – The Cabinet approved several measures to extend a lifeline to the cash-strapped telecom sector, including a redefinition of the much-litigated concept of adjusted gross revenue (AGR) to exclude non-telecom revenue and a four-year moratorium on players’ dues to the […]
National Asset Reconstruction Company Ltd Subject – Economy Context – Bad bank’s Security Receipts to get Govt backing Concept – The much awaited ‘bad bank’ — National Asset Reconstruction Company Ltd — moved a step closer to going live with the Union Cabinet approving a crucial proposal that requires the government to guarantee […]
Production-Linked Incentive (PLI) Scheme for Auto sector Subject – Economy Context – Auto sector gets ₹26,058-crore PLI scheme to push new tech, clean fuels Concept – The Union Cabinet approved a PLI (Production Linked Incentive) scheme for the auto sector to promote advanced technologies, including clean energy, with incentives of ₹26,058 crore to […]