Initial Public Offering (IPO) Subject – Economy Context – The Centre is set to list India’s largest insurance firm, state-owned Life Insurance Corporation of India, on the stock exchanges to help meet disinvestment targets for the year Concept – IPO is the selling of securities to the public in the primary market. Primary market […]
National Bank for Agriculture and Rural Development (NABARD) Subject – Economy Context – Encourage entrepreneurship in agriculture: NABARD chief Concept – NABARD is a development bank focussing primarily on the rural sector of the country. It is the apex banking institution to provide finance for Agriculture and rural development. Its headquarter is located […]
Sovereign Gold Bond Scheme Subject – Economy Context – The Reserve Bank of India (RBI) has announced the price for the Sovereign Gold Bond Scheme 202122 Series VI, which will be open for subscription August 30September 3. Concept – The Sovereign Gold Bond (SGB) scheme was launched in November 2015with an objective to reduce the demand for physical gold and shift a part of the domestic savings – used for the purchase of gold – into financial savings. […]
Infrastructure Investment Trusts (InvITs) Subject – Economy Context – Union Finance Minister Nirmala Sitharaman will soon chair a meeting of the Financial Stability and Development Council (FSDC) to nudge financial regulators to relax and harmonise investment norms for instruments such as Infrastructure Investment Trusts (InvITs) to be used to monetise public assets such […]
Financial Stability and Development Council Subject – Economy Context – Union Finance Minister Nirmala Sitharaman will soon chair a meeting of the Financial Stability and Development Council (FSDC) to nudge financial regulators to relax and harmonise investment norms for instruments such as Infrastructure Investment Trusts (InvITs) to be used to monetise public assets […]
Emergency Credit Linked Guarantee Scheme (ECLGS) Subject – Economy Context – ‘Strong buffers will help, as banks tackle asset risks’. ECLGS helped with liquidity: Moody’s Concept – The scheme was launched as part of the Aatmanirbhar Bharat Abhiyan package announced in May 2020 to mitigate the distress caused by coronavirus-induced lockdown, by providing […]