Subject: Economy Context: The Supreme Court directed the Centre and Reserve Bank of India to review the moratorium scheme on term loans and create tailored schemes for various sectors. Concept: Initially in March, the central bank had allowed a three-month moratorium from paying EMIs and other loans on payment of all term loans due between […]

Subject: Economy Concept: The term ‘force majeure’ has been defined in Black’s Law Dictionary, as ‘an event or effect that can be neither anticipated nor controlled. From a contractual perspective, a force majeure clause provides temporary reprieve to a party from performing its obligations under a contract upon occurrence of a force majeure event. While […]

Subject: Economy Context: Finance Ministry has extended of existing anti-dumping duty on Nylon Tyre Cord Fabric (NTCF) imports from China by six months Concept: An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process where a company […]

Subject: Economy Context: Indian Gas Exchange (IGX), India’s first gas exchange was launched Concept: The IGX is a digital trading platform that will allow buyers and sellers of natural gas to trade in both spot market and in the forward market for imported natural gas. It will facilitate transparent price discovery in natural gas, and […]