Subject: Economy Context: Investments through participatory notes (P-notes) in the domestic capital market soared to Rs 63,288 crore till July-end, making it the fourth consecutive monthly rise Concept: P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, […]

Subject: Economy Context: Reserve Bank of India has unveiled the framework for setting up of pan-India Umbrella Entity for Retail Payments Concept: The entity will be tasked with setting up, managing, and operating new payment systems in the retail space. It may operate as a ‘for-profit’ organisation, the RBI said. The entity formed shall be […]

Subject: Economy Context: Securities and Exchange Board of India (SEBI) sought to bar 27 entities from the capital market for being connected to a case of front running. Concept: Front running is the illegal practice of purchasing a security based on advance non-public information regarding an expected large transaction that will affect the price of a […]

Subject: Economy Context: Many countries have started settling trade transactions in local currencies rather depending on dollar Concept: Since the early 19th century, countries struggled to find the best way to settle trade balance. It was not easy as each had its currency with no check on more printing. Finally, most countries agreed to settle […]