Proposal by SEBI on Domestic MFs to invest in their Overseas Counterparts Sub: Economy Sec: Capital market Tag: SEBI on Domestic MFs to invest in their Overseas Counterparts The Securities and Exchange Board of India (SEBI) on May 17 floated a consultation paper proposing a framework for facilitating investments by domestic Mutual Funds […]
Summary of RBI’s Financial Performance and Projections (FY24) Sub: Economy Sub: Monetary Policy Key Financial Highlights: Income and Expenditure: Income: Increased by 17% to ₹2,75,572.32 crore. Expenditure: Decreased by 56.3% to ₹64,694.33 crore from ₹1,48,037.04 crore in FY23. Transferable Surplus: Ended the year with a surplus of ₹2,10,873.99 crore, up from ₹87,416.22 crore […]
S&P Revises India’s Economic Outlook to ‘Positive’ Sub: Economy Sec: National Income Tags: Rating agency Key Highlights: S&P Global Ratings upgraded India’s economic outlook from ‘stable’ to ‘positive’. The sovereign rating remains at ‘BBB-Minus’, the lowest investment-grade rating, which has been maintained since 2007. This outlook change suggests a potential rating upgrade within […]
Overview of CRISIL’s Credit Growth Projections for FY25 Sub: Economy Sec: Monetary Policy Tags: Credit Growth CRISIL Ratings has projected that bank credit growth in FY25 will moderate to 14%, down from an estimated 16% in FY24. This deceleration is attributed to several factors including a high base effect, revisions in risk weights, […]
RBI Unveils Pravaah Portal Sub: Economy Sec: Monetary Policy Tags: PRAVAAH The PRAVAAH (Platform for Regulatory Application, Validation, and Authorisation) portal is a secure, centralized web-based platform designed for individuals and entities to apply for various regulatory approvals from the RBI online. This portal aims to simplify and expedite the process of seeking […]
What is the current status with respect to spice exports? Sub: Economy Sec: External sector Context: The Indian authorities have initiated several measures to ensure that Indian spices comply with food safety standards of the importing countries. Background of the news: Last month, Hong Kong and Singapore recalled certain spice mix products of […]
LTCG liability to ease on cost inflation reset Sub: Economy Sec: Fiscal Policy Tags: Long-term capital gains (LTCG) liability Context: Long-term capital gains (LTCG) liability on the sale or transfer of any capital asset, such as land, property, trademarks and patents is expected to be lower this year as the Cost Inflation Index […]
India’s 400-Million Casual Labour Market Needs a Structural Shift: ISF Sub: Economy Sec: Inflation and Unemployment Tags: Casual labour Overview: India’s informal labour market, comprising approximately 400 million workers, plays a crucial role in the country’s economy. The Indian Staffing Federation (ISF), representing the contract staffing industry, has emphasized the need for a […]
India’s Opposition to Plurilateral Pact on Investment at WTO Sub: Economy Sec: External Sector Tags: Investment Facilitation for Development (IFD) pact WTO India continues to resist the inclusion of the proposed China-led Investment Facilitation for Development (IFD) pact into the formal framework of the World Trade Organization (WTO) as a plurilateral agreement. This […]