What is the ‘The Indian Economy: A Review’ presented by the government all about? Subject: Economy Section: India Economy The Indian Economy: A Review: “The Indian Economy: A Review,” the 74-page document written by V Anantha Nageswaran, Chief Economic Adviser to the government, and his team of economists, is “not the Economic Survey […]
What are the RBI’s guidelines on State ‘guarantees’? Subject: Economy Section: Monetary Policy Context: A working group constituted by the Reserve Bank of India (RBI) made certain recommendations to address issues relating to guarantees extended by State governments. More About News: The working group prescribed a uniform reporting framework for the guarantees extended […]
FPI disclosure norms deadline extended: Why is SEBI seeking investor data? Subject: Economy Section: Capital Market Context: Foreign portfolio investors (FPIs), who are mandated to liquidate their holdings as per the Securities and Exchange Board of India’s (Sebi) January-end deadline, will get seven months more to provide additional disclosures. More on news: In […]
RBI to Infuse ₹2.50 Lakh Crore Liquidity Subject: Economy Section: Monetary policy Infusion Details: The Reserve Bank of India (RBI) will inject liquidity amounting to ₹2.50 lakh crore via a 15-day variable rate repo (VRR) auction. Liquidity Scenario: The overall funds deficit in the banking system widened to ₹3.34 lakh crore as of […]
Capex-led Growth Strategy from Industry Chambers’ Recommendations Subject: Economy Section: Fiscal policy/Public finance Capex-led Growth Strategy: Suggested maintaining a capex-led growth strategy in the upcoming Vote on Account to sustain the ongoing economic growth momentum. Urged an increase of at least 20% in the Centre’s capital expenditure to ₹12 lakh crore. Central Support […]
Govt permits direct listing by Indian firms on GIFT-IFSC’s international markets Subject: Economy Section: Monetary policy Context: The government on Wednesday allowed direct listing of securities by public Indian companies on the international exchanges of GIFT International Financial Services Centre (GIFT-IFSC). More on news: In July, Finance Minister Nirmala Sitharaman announced that the […]
Zee asks Sony to withdraw termination of merger, urges NCLT to act Subject: Economy Section: Capital market Context: Zee Entertainment Enterprises Ltd. (ZEEL) asked Culver Max Entertainment Pvt. Ltd (formerly Sony Pictures Networks India Private Ltd.) (Culver Max) and Bangla Entertainment Pvt. Ltd. (BEPL) to immediately withdraw their termination of the Merger Cooperation Agreement (MCA) and confirm that they would perform their obligations to give effect to and implement the Merger Scheme that had been sanctioned by the National Company Law Tribunal. National Company Law Tribunal (NCLT) It is a quasi-judicial authority incorporated for dealing with corporate disputes […]
There is serious concern about whole construct of safe harbour Subject: Economy Section: External sector Context: Ashwini Vaishnav, the Minister for Electronics and Information Technology, discussed significant aspects of the Telecommunications Act, 2023. Safe Harbour The Safe Harbour provisions designed explicitly for intermediaries in India are outlined in Section 79 of the Information […]
Income Inequality Trends in India Subject :Economy Section: Unemployment and Inflation The report from the State Bank of India (SBI) suggests a significant fall in income inequality in India over the last decade, as measured by the Gini coefficient. The Gini coefficient dropped from 0.472 in 2014-15 to 0.402 in 2022-23, indicating a […]