SEBI PITCHES FOR ‘PERSON IN CONTROL’ OVER PROMOTER Subject: Economy Context: Markets regulator Securities and Exchange Board of India (SEBI) proposed to rationalise the definition of ‘promoter group’ and move to the concept of ‘person in control’ as well as lower the minimum lock-in periods for promoters and other shareholders after an IPO. […]
Business Responsibility and Sustainability Report Topic: Economy Context: Regulator SEBI on Monday came out with disclosure requirements under business responsibility and sustainability reporting, covering environmental, social and governance perspectives, which will be applicable on the top 1,000 listed entities by market capitalisation. Concept: The new report — Business Responsibility and Sustainability Report (BRSR)– […]
Wilful Defaulter Topic: Economy Context: Amid Covid effect, bank steps, wilful defaults rise Rs 38,976 crore Concept: As per the Reserve Bank of India’s (RBI) classification, a ‘wilful default’ would be deemed to have occurred if the borrower has defaulted in meeting their repayment obligations to the lender even when they have the […]
Commodities in Super Cycle Topic: Economy Context: Steel, the most commonly used input in construction sector and industries, is at all-time highs, as most metals including base and precious metals prices have gone through the roof over the last one year. Concept: Recently, there has been an across-the-board rise in global commodity prices that […]
IP WAIVER ON COVID VACCINES Subject : Economy / IR Context: Recently, the United States has announced support for waiving intellectual property protection for Covid-19 vaccines. Concept : The US will pursue “text-based negotiations” on the waiver at the World Trade Organization (WTO). The text-based negotiations involve negotiators exchanging texts with their preferred […]
STRESS RESOLUTION FRAMEWORK 2.0 Subject : Economy Context : RBI has announced following set of measures to relieve stress faced by most vulnerable categories of borrowers – namely individuals, borrowers and MSMEs. Concept : Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any […]
EXPORT OF ORGANIC MILLETS Subject : Economy Context : In a major boost to organic products exports from the country, first consignment of millets grown in Himalayas from snow-melt water of Ganges in Dev Bhoomi (Land of the God), Uttarakhand would be exported to Denmark. Concept : APEDA, in collaboration with Uttarakhand Agriculture […]
PRODUCTION LINKED INCENTIVE SCHEME (PLI) FOR IT HARDWARE Subject : Economy Context : A total of 19 companies have filed their application under the Production Linked Incentive Scheme (PLI) for IT Hardware. Concept : Production Linked Incentive Scheme (PLI) for IT Hardware was notified on 03.03.2021. The PLI Scheme extends an incentive of […]