India’s Proposed Maritime Development Fund Subject: Economy Section: Msc Objective: The proposed fund aims to provide long-term, low-cost financial support to promote indigenous ship-building in India. Expected Timeline: The fund is likely to be ready by the end of this year. Participation: It will involve participation from industry stakeholders, financial institutions, and Ministries. […]

    Reserve Bank of India (RBI) Directive on Card Networks Subject: Economy Section: Monetary Policy Directive to Card Issuers: RBI has directed card issuers, including authorised payment system providers, banks, and non-banks. They are instructed not to enter into agreements or arrangements with card networks that restrict them from using services of other card […]

    Inclusion of Indian bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index Subject: Economy Section: Financial Markets The inclusion of Indian bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index and related indices represents a significant development in India’s presence in global financial markets. Background: Bloomberg has announced the […]

    Scrutiny on De Minimis Trade Rule: Impact on Online Shopping and U.S. Economy Subject: Economy Section: External Sector The de minimis exception, a trade rule allowing duty-free entry of parcels under $800 per person per day, is under intense scrutiny as it shapes the landscape of online shopping and raises concerns about its […]

    Indian Start-ups Urge CCI to Intervene in Google App Removal Dispute Subject: Economy Section: National Income A group representing Indian start-ups has taken its battle against Google to the Competition Commission of India (CCI), requesting the regulator to mandate the reinstatement of apps removed by Google for alleged policy violations. This move marks […]

    RBI Tasks NPCI Bharat BillPay Ltd. for Interoperable Internet Banking System Subject: Economy Section: Monetary Policy The Reserve Bank of India (RBI) has taken steps to accelerate the settlement of funds for merchants by directing NPCI Bharat BillPay Ltd. (NBBL) to implement an interoperable system for Internet Banking. RBI emphasizes the benefits it […]

    Newly Permitted Commodities for Derivatives Trading by MoF Subject: Economy Section: Financial Market Recently, derivatives trading in 11 additional commodities, has been allowed by Finance Ministry, based on the recommendation from the Securities and Exchange Board of India (SEBI). Skimmed Milk Powder Cement Apple Bamboo Timber Weather Freight White Butter Cashew Metal Alloys […]