Amit Shah Inaugurates National Urban Cooperative Finance and Development Corporation Limited Subject: Economy Section: Monetary Policy Event: Union Cooperation Minister Amit Shah inaugurated the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC). Purpose: The umbrella organization aims to enhance self-regulation and boost the development of Urban Cooperative Banks (UCBs) in India. Importance: […]
India’s GDP Growth in Q3 2023-24 Subject: Economy Section: National Income GDP Growth Rate: Surpassed expectations to rise to a six-quarter high of 8.4% in the third quarter (October-December) of 2023-24. This exceeded the 5% estimate for Q3 by the Reserve Bank of India (RBI) and other economists. Impact on Full-Year Estimate: Q3 […]
SEBI asks small and mid-cap funds to disclose more about risks to investors Subject: Economy Section: Financial markets Context: India’s market regulator has asked the country’s asset managers to give investors more information about the risks associated with their small and mid-cap funds, according to a fund manager and two people with knowledge […]
NBFC-MFIs Proposal to Raise Household Income Limit for Micro Loans Subject: Economy Section: Monetary Policy The NBFC-MFIs (Non-Banking Finance Company – Microfinance Institutions) are urging the Reserve Bank of India (RBI) to reconsider the criteria for annual household income limits for providing microloans, citing the growing needs of individual borrowers. Here’s an overview […]
Revised Regulatory Framework for Bharat Bill Payment Systems (BBPS) Subject: Economy Section: Monetary Policy Objective: The Reserve Bank of India (RBI) has introduced a revised regulatory framework for BBPS to align with developments in the payments landscape. Effective from April 1, 2024, the new framework aims to streamline bill payment processes, enhance participation, […]
Sebi cautions investors against fraudulent trading platforms offering stock mkt access via FPI route Subject: Economy Section: Financial market Context: Capital markets regulator Sebi has cautioned investors against fraudulent trading platforms, claiming to facilitate stock market access to Indians through Foreign Portfolio Investors (FPIs) route. More on news: The cautionary statement came after […]
Centre discloses key consumption expenditure survey findings after 11-year gap Subject: Economy Section: National Economy The Household Consumption Expenditure Survey: The Household Consumption Expenditure Survey (HCES) is conducted by the National Statistical Office (NSO) every five years. Recent release : For the first time in about 11 years, the government released the broad […]
India’s stance on data transfers at WTO spooks semiconductor industry giants Subject: Economy Section: External Sector Context: A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and data transfers at an upcoming global trade meeting (WTO) in Abu Dhabi. Possible […]