Subject: Economy Context: While the Union Cabinet had approved the National Highways Authority of India (NHAI) setting up Infrastructure Investment Trust(s) (InvIT) in December 2019, the company has recently started meeting investor groups, as it prepares to come up with its InvIT issue. Concept: Infrastructure investment trusts are institutions similar to mutual funds, which pool […]
Subject: Economy Context: The Centre gave an ultimatum to States and Union Territories (UTs) that those that do not submit their borrowing option to meet the GST compensation shortfall by October 5 will have to wait till June 2022 to get their dues. And, even too that would be conditional. Concept: To address a shortfall […]
Subject: Economy Context: Centre to consider plan for five-year extension for Plastic recycling units in SEZ Concept: India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to overcome the […]
Subject: Economy Context: The Banks Board Bureau (BBB) has recommended to the government names of 13 general managers of various public sector banks (PSBs) for appointment as executive directors. Concept: The Bureau started functioning from April 01, 2016 as an autonomous recommendatory body. It is tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of […]
Subject: Economy Context: The Corporate Affairs Ministry (MCA) has extended by one year the term of the existing Company Law Committee (CLC) Concept: It was set up to promote Ease of Living in the country by providing Ease of Doing Business to law abiding corporates and fostering improved corporate compliance for stakeholders at large. The […]
Subject: Economy Context: No preference for ‘Make in India’ in World Bank project to curb coronavirus Concept: The $1 billion World Bank loan to prevent, detect and respond to the threat of coronavirus and strengthen national health systems for preparedness as India combats the ongoing pandemic comes with a condition of “universal eligibility” in procurements. […]