Madhabi Puri Buch: First Woman To Head The Market Regulator Madhabi Puri Buch, former whole-time member of the Securities and Exchange Board of India (SEBI), has been appointed as its new chairperson — the first woman to head the market regulator. She will hold the position for three years. Earlier in January 2022, SEBI launched […]
Category: Economics Current Affairs
Indian Economic Growth Estimation 2022
Indian Economic Growth Estimation: India’s gross domestic product (GDP) is estimated to grow at 8.9% in 2021-22 instead of the 9.2% estimated earlier, with year-on-year growth during October-December 2021 slipping to 5.4% from 8.5% in the previous quarter, as per the second advance national income estimates released. Gross Value-Added (GVA) in the economy is […]
What Are Market Infrastructure Institutions?
What Are Market Infrastructure Institutions? Securities and Exchange Board of India (SEBI) noted that the National Stock Exchange (NSE), the country’s largest equities and derivatives exchange is a systemically important market infrastructure institution (MII). MIIs: Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nation’s […]
Change in India’s FDI Policy for IPO of LIC
Changes To India’s Foreign Direct Investment Policy: The Union Cabinet approved changes to India’s foreign direct investment (FDI) policy to allow global investors to participate in the initial public offering of Life Insurance Corporation of India (LIC) shares expected to be launched soon. Foreign investors will now be able to invest up to 20% […]
Coal E-Auction
Coal E-Auction: Union Cabinet has approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions. The Cabinet Committee on Economic Affairs approved the following: Offering of all the non-linkage coal by coal companies through one e-auction window of CIL (CIL) / Singareni Collieries Company Limited (SCCL). This […]
Whether Cryptocurrencies Is Legal In India? Supreme Court
Whether Cryptocurrencies Is Legal In India? The Supreme Court has asked the Centre whether dealing with cryptocurrencies like bitcoin is legal in India. The Court posed the query while hearing a plea by one of the accused in the GainBitcoin scam, seeking quashing of the charges against him. There’s no formal regulation on cryptocurrencies […]
National Strategy For Additive Manufacturing Policy
National Strategy For Additive Manufacturing Policy: The Ministry of Electronics and Information Technology (MeitY) unveiled the National Strategy for Additive Manufacturing Policy. Highlights of Policy: The policy aims to increase India’s share in global additive manufacturing to 5% within the next three years and add USD 1 billion to the gross domestic product. Further, […]
Ombudsperson App For MNREGA
Ombudsperson App For Mahatma Gandhi NREGA: Union Minister for Rural Development Giriraj Singh launched Ombudsperson App for Mahatma Gandhi NREGA. Ministry of Rural Development has developed an Ombudsperson App for smooth reporting and categorization of grievances by Ombudsperson based on complaints he received from various sources viz. physical, digital and mass media, related to […]
SPMCIL Declared A Prohibited Place
SPMCIL Declared A Prohibited Place: The Delhi headquarters of the Security Printing and Minting Corporation of India Ltd. (SPMCIL) has been declared a “prohibited place” under the Section 2 of the Official Secrets Act, 1923 by the Union Home Ministry “to prevent the entry of unauthorised persons”. The Security Printing & Minting Corporation of […]
What is the Angadia System?
The Angadia System: An FIR has been registered against three Mumbai Police officials for allegedly threatening Angadias and extorting money from them in south Mumbai. Earlier this month, an Angadias shop in Mulund was looted by a gang of robbers. The Angadia system is a century-old parallel banking system in the country where traders […]
