Subject: Economy Context: Food Minister PiyushGoyal on Friday said the government cannot reduce the FRP, the minimum price at which sugar mills buy cane from farmers, and asked the industry to be efficient, profitable and diversify product portfolio with less dependency on the central subsidy. Concept: Fair and remunerative price (FRP) is the minimum price […]
Subject : Economy Context: Markets regulator Sebi on Friday gave certain relaxations to non-resident Indians in respect of holding of depository receipts (DRs) issued by India-listed companies. Concept: NRIs can now hold DRs issued by the company under the employee stock option schemes, bonus issue and rights issue, the regulator said. Depository Receipts A Depository […]
Subject: Economy Context: The Textiles Ministry is working on a structure to roll out the Production Linked Incentive (PLI) scheme for technical textiles and man-made fibre (MMF) segment, Textiles Minister has said. Concept: Technical Textiles are defined as Textile material and products manufactured primarily for their Technical performance and functional properties rather than aesthetic and […]
Subject: Economy Context : The World Bank has corrected two of its recent ease of doing business rankings, adjusting the scores for China and three other nations based on an internal audit after staffers’ claimed of “undue pressure” by management to alter ratings. Concept: Ease of doing business’ refers to the regulatory environment in a […]
Subject : Economy Context : Public sector utility NTPC is in talks with the government’s strategic investment fund NIIF to set up an infrastructure investment trust (InvIT) as a joint venture. The move will help the company to unlock the value of its renewable energy projects. Concept : The sovereign fund is also expected to […]
Subject : Economy Context : Government has kickstarted the process of auctioning 4G spectrum, approving the sale of 2,251 MHz of spectrum at a reserve price of Rs 3.92 lakh crore. Concept : The auction is expected to be completed by March next year with bidders having the option of either paying the entire amount […]