Subject: Economy Context: The Cabinet Committee on Economic Affairs has allowed Power Grid Corporation of India Limited (POWERGRID) to undertake monetization of its Tariff Based Competitive Bidding (TBCB) assets through Infrastructure Investment Trust (InvIT). Concept: An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from […]

Subject: Economy Context: The government is likely to amend the Life Insurance Corporation (LIC) Act, 1956 to facilitate the Initial Public Offering (IPO) of the country’s largest life insurer LIC. Concept: The amendment in the LIC Act is required to achieve at least three objectives — to list as a corporation and not as a […]

Subject: Economy Context: The KV Kamath committee has selected 26 sectors which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the Covid-19 pandemic. Concept: The RBI had formed a five member committee under the chairmanship of former ICICI Bank Chief Executive KV Kamath to make […]