Ubharte Sitare Fund Subject – Economy Context – Finance minister Nirmala Sitharaman launched Rs 250 crore worth Alternative Investment Fund for export-oriented small and mid-sized companies. Concept – UbharteSitaare fund has been set up jointly by Exim Bank and SIDBI which will invest in the fund by way of equity and equity-like products in […]
Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules 2021 Subject – Economy Context – RBI, IRDAI nod must for FDI in bankled insurance. Concept – Applications for foreign direct investment in an insurance company promoted by a private bank would be cleared by the RBI and IRDAI to ensure that the 74% limit of overseas investmentis not breached. The changes […]
Monetary Policy Committee Subject – Economy Context – MPC’s Varma flags risks of policy stance. Concept – The Monetary Policy Committee is a statutory and institutionalized framework under the Reserve Bank of India Act, 1934, for maintaining price stability, while keeping in mind the objective of growth. The Governor of RBI is ex-officio Chairman of the committee. The committee comprises six members (including the Chairman) – […]
Hallmarking Subject – Economy Context – Jeweller’s plan protest against hallmarking. Concept – The Bureau of Indian Standard (BIS), which operates the gold and silver hallmarking scheme in India, defines hallmarking as the “accurate determination and official recording of the proportionate content of precious metal in precious metal articles.” So, it is a “guarantee of […]
London Inter-Bank Offer Rate (LIBOR) Subject – Economy Context – LIBOR transition will be a complex exercise. Concept – LIBOR is the most common benchmark interest rate index used for Corporate and Government Bonds, mortgages, student loans, credit cards, derivatives and other Financial Products. LIBOR is a benchmark interest rate at which major global banks lend […]
Inflation Subject – Economy Context – inflation in India could be less transitory than in the US. Concept – Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food, clothing, housing, recreation, transport, consumer staples, etc. Inflation measures the average price change in a […]
G-sec Acquisition Programme (GSAP 2.0) Subject – Economy Context – RBI to buy ₹25,000cr. of bonds Aug. 26. Concept – The Reserve Bank of India (RBI) said it will conduct an open market purchase of government securities of ₹25,000 crore on August 26 under the G-sec Acquisition Programme (G-SAP 2.0). The RBI periodically purchases Government bonds from the […]