Review of NBFC Categorisation by RBI: Potential Impact and Significance Subject: Economy Section: Monetary Policy The Reserve Bank of India (RBI) is set to review the categorisation of Non-Banking Finance Companies (NBFCs) in 2024, nearly two years after introducing a revised regulatory framework. This review has become necessary due to the growth of […]

    Japan Nears Interest Rate Hike: Financial Markets Gear Up for Transition Subject: Economy Section: Monetary Policy In a dramatic shift in Japan’s financial markets, rising interest rates are looming on the horizon, a phenomenon not seen in decades. Transition to Rising Interest Rates: Japanese financial markets are preparing for an imminent rise in […]

    RBI’s Sell/Buy Swap to Address Liquidity Ahead of Tax Outflows Subject: Economy Section: Monetary Policy The Reserve Bank of India (RBI) recently conducted a $5-billion sell/buy swap on March 8, 2022, aimed at augmenting rupee liquidity in the banking system. Purpose of the Swap: The RBI conducted the two-year sell/buy swap to enhance […]

    EoUs and SEZs to get RoDTEP sops until September 30 Subject: Economy Section: External sector The announcement made by the Centre regarding the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme includes the eligibility of outbound shipments from Special Economic Zones (SEZs) and Export Oriented Units (EOUs) for tax refunds. This […]

    India-EFTA Free Trade Agreement Subject: Economy Section: External sector Parties Involved: India and the four-nation European Free Trade Association (EFTA). EFTA includes Iceland, Liechtenstein, Norway and Switzerland. Signing Date: Expected to be signed on March 10, after long negotiations. Aim of the Agreement: Increase trade and investment flows between India and EFTA countries. […]

    Global Banking Regulators Crack Down on G-SIBs Subject: Economy Section: Monetary Policy Background: Globally systemic banks (G-SIBs) are required to hold more capital than smaller domestic banks due to their systemic importance. This distinction is based on various factors, determining the “bucket” they fall into, and consequently, the extra capital they must hold. […]