Large Exposure Framework (LEF) Guidelines : RBI Reserve Bank of India has dismissed concerns about the “exposure” of Indian banks to the Gautam Adani-led conglomerate. RBI’s observations has a Central Repository of Information on Large Credits (CRILC) database system where the banks report their exposure of ₹5 crores and above which is used for monitoring […]
Category: Economics Current Affairs
Follow On Public Offer
Follow On Public Offer: Adani Enterprises recently decided to call off its ₹20,000 crore follow-on public offer and return the money it had collected from investors. FPO is a process wherein a company already listed on a stock exchange issues new shares to existing investors or shareholders. It is also known as a secondary offering. […]
Dearness Allowance : Likely To Increase
Dearness Allowance : Likely To Increase The Central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42% from the existing 38%. DA is a cost of living adjustment that the Government pays to public sector employees and pensioners. DA calculated is […]
What Is Angel Tax?
What Is Angel Tax? The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. During Union Budget 2023, Finance Minister Smt Nirmala Sita Raman proposed to amend the Angel tax. Now, the equity amount received by the startups will be subjected to […]
Bal Mitra : Delhi Commission For Protection Of Child Rights
Bal Mitra : Delhi Commission For Protection Of Child Rights Delhi Commission for Protection of Child Rights (DCPCR) launched ‘Bal Mitra’, a WhatsApp Chatbot to provide communication support to children and parents in Delhi. It will include: Complaint registration Searching for information and tracking complaint status Seeking information on admissions Providing authentic information on various […]
Government e-Marketplace
Government e-Marketplace: Government e-Marketplace achieves a Gross Merchandise Value (GMV) of Rs. 1.5 Lakh Crores. GeM has been effectively contributing to the government’s commitment of “Minimum Government, Maximum Governance”. Gross Merchandise Value (GMV): GMV refers to the value of goods sold via customer-to-customer or e-commerce platforms. It is calculated prior to the deduction of […]
Subsidiary Of EXIM Bank
Subsidiary Of EXIM Bank: Union Finance Minister recently announced the setting up of a subsidiary of EXIM Bank and data embassies at GIFT City in Gujarat. EXIM Bank is the premier export finance institution of the country. It was established by the Government of India, under the Export-Import Bank of India Act, 1981 EXIM […]
Indian Institute Of Millet Research (IIMR) In Hyderabad : Act As a Centre Of Excellence (Union Budget 2023)
Indian Institute Of Millet Research (IIMR) In Hyderabad : Act As a Centre Of Excellence(Union Budget 2023) During the presentation of the Union Budget 2023, Union Finance Minister announced that the Indian Institute of Millet Research (IIMR) in Hyderabad will act as a Centre of Excellence (CoE) for ‘Shree Anna’ to take the research on […]
Ekalavya Model Residential Schools : Teachers To Be Hired
Ekalavya Model Residential Schools: Teachers To Be Hired Finance Minister recently said that as many as 38,800 teachers will be hired for Ekalavya Model Residential Schools. Ekalavya Model Residential Schools (EMRS) started in the year 1997-98 to impart quality education to ST children in remote areas to enable them to access the best opportunities in […]
Union Budget 2023-24 : Highlights
Union Budget 2023-24: Highlights The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. Budget Estimates 2023-24: The total receipts other than borrowings are estimated at Rs 27.2 lakh crore and the total expenditure is estimated at Rs 45 lakh crore. The net tax receipts are estimated […]
