Basel-III Capital Framework : Reserve Bank Of India The Reserve Bank of India (RBI) has introduced new norms based on the Basel III capital framework for All India Financial Institutions (AIFIs), which will take effect from April 2024. India has five AIFIs under RBI regulation: Export-Import Bank of India (EXIM Bank), National Bank for Agriculture […]
Category: Economics Current Affairs
Bima Sugam
Bima Sugam: The Insurance Regulatory and Development Authority of India (IRDAI) is creating the ‘Bima Sugam’ online platform, which is described as a ‘game-changer’ and a ‘UPI moment’ for the insurance sector. It will serve as a one-stop destination for insurance-related needs, including policies, portability, agent changes, and claims. Buyers can directly purchase life, motor, […]
Nyukmadung Dairy
Nyukmadung Dairy: The Indian Council for Agricultural Research-National Research Centre on Yak has established a first-of-its-kind parlour for Yalk milk in Nyukmadung village, Arunachal Pradesh. Nyukmadung Dairy is located at the farm of the Indian Council for Agricultural Research-National Research Centre on Yak. The farm in the West Kameng district is about 25 km from […]
Kisan Rin Portal
Kisan Rin Portal: The Finance Minister and Agriculture Minister will inaugurate the ‘Kisan Rin Portal’ Kisan Rin Portal helps farmers avail of subsidised loans under the Kisan Credit Card (KCC). It was developed in collaboration with multiple government departments. It offers a comprehensive view of farmer data, loan disbursement specifics, interest subvention claims, and scheme […]
Bima Sugam Platform
Bima Sugam Platform: The Insurance Regulatory and Development Authority of India (IRDAI) has formed a steering committee, which will act as the apex decision-making body for the creation of its ambitious Bima Sugam platform. Bima Sugam platformwill enable individuals to buy life, health, motor or property insurance policies online. The platform will enable easy access […]
Serious Fraud Investigation Office
Serious Fraud Investigation Office: Serious Fraud Investigation Office (SFIO), arrested a Chartered Accountant in Hyderabad recently. Shri Nalin Prabhat Panchal, a Chartered Accountant by profession was arrested for failure to honour the summons issued in connection with the prosecution of Nityank Infrapower & Multiventures Private Limited. Serious Fraud Investigation Office (SFIO):- Ministry: Ministry of Corporate […]
Ponzi Scheme
Ponzi Scheme: An actor faces scrutiny over his alleged involvement in a Rs.1,000 crore Ponzi scheme with 2 lakh investors. A Ponzi scheme is a type of investment fraud that promises high returns with little or no risk to investors. These are investment operations that pay returns to old investors from the money garnered from […]
Discontinuation Of I-CRR : RBI
Discontinuation Of I-CRR : RBI The Reserve Bank of India (RBI) announced that it would discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. The central bank will release the amount that banks have maintained under I-CRR in stages. The discontinuation of the I-CRR will be implemented in stages to ensure a smooth […]
Overnight Index Swap
Overnight Index Swap: Indian overnight index swap (OIS) rates rose to their highest levels in 10 months due to offshore payments and triggering of stop losses. Overnight Index Swap is a derivative instrument where returns under a fixed-rate asset are swapped against a predetermined published index of a daily overnight reference rate for an agreed […]
NSE Nifty 50 : Cross The 20,000 Mark
NSE Nifty 50 : Cross The 20,000 Mark The NSE Nifty 50 recently managed to cross the 20,000 mark for the first time. NIFTY is a market index introduced by the National Stock Exchange (NSE). It is a blended word – National Stock Exchange and Fifty coined by NSE. Nifty was established in 1996 under […]
