Govt will follow the poll year tradition of interim Budget: PM Subject: Economy Section: Fiscal Policy Interim Budget Tradition: The Prime Minister stated that the government would “follow tradition” to present the interim Budget. Traditionally, when elections are imminent, the complete Budget is not presented. The government expressed its commitment to adhere to […]

    Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act 1949 Subject: Economy Section: Monetary Policy The Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank effective March 2024 due to concerns about breach and non-compliance with regulatory norms. Comprehensive System Audit: The restrictions follow a […]

    National Conference on Strategic Trade Controls (NCSTC) Highlights: Subject: Economy Section: External sector Organizers: DGFT (Directorate General of Foreign Trade), Ministry of Commerce & Industry, in collaboration with the Ministry of External Affairs and other government agencies, conducted the NCSTC. Format and Participation: NCSTC was organized in a new format with larger international […]

    Zee-Sony Merger Legal Proceedings Subject: Economy Section: Capital Market  Two legal proceedings initiated regarding the failed Zee-Sony merger deal. Zee Shareholder’s Case: Mad Men Ventures, a Zee shareholder, filed a case at the National Company Law Tribunal (NCLT). Seeks a merger between Zee and Sony. NCLT has asked for a response from Sony […]

    Centre starts survey on participation of women in workforce Subject: Economy Section: Sensational Economy Context: Union Ministries of Labour & Employment and Ministry of Women & Child Development launched a joint survey. About the Survey: The Survey focuses on evaluating women friendly practices. It includes measures like running creches, ensuring equal pay for […]