45th GST Council Meeting: The 45th Goods and Services Tax (GST) Council meeting was held. Extension of Concessional GST Rates: The Council decided to extend the GST relief on several drugs related to Covid-19 treatment till December 2021. Food Delivery Apps to Collect GST: Online food delivery aggregator firms such as Swiggy and Zomato will […]
Category: Economics Current Affairs
IPO Grey Market
Grey Market: There were few articles recently mentioning about Grey Market. Traders are interested in grey market stocks because it can be a way of taking advantage of movements in the company’s share price before it has actually listed. Also, any activity is usually taken as an indicator for the direction the stock price will […]
Front-Of-Pack Labelling
Front-Of-Pack Labelling: The Food Safety and Standards Authority of India (FSSAI), in 2018, released the Draft Food Safety And Standards (Labelling And Display) Regulation. However, even after so many expert panel recommendations and regulations, India still does not have a clear labelling or Front-of-pack (FoP) Labelling System, which can warn consumers about harmful levels of […]
NARCL: India’s Bad Bank
Bad Bank: The Union Cabinet on Monday approved Rs 30,600 crore government guarantee for the National Asset Reconstruction Company (NARCL), thereby paving the way for operationalisation of bad bank. One of the key ideas behind formation of bad banks is to de-stress the balance sheets of the banks. A bad bank is a corporate structure […]
What Is a Green Bond?
What Is a Green Bond? Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully issued its first ever Euro Green Bonds. It is the first ever Euro denominated Green bond issuance from India. Moreover, it is the first ever Euro issuance by an Indian NBFC and the first Euro bond issuance […]
15th East Asia Summit Energy Ministers Meeting
15th East Asia Summit Energy Ministers Meeting: The Union Minister of State for Power attended the 15th East Asia Summit Energy Ministers Meeting. The theme of the meeting was “We Care, We Prepare, We Prosper”. The meeting was aimed at coordinating efforts of Association of Southeast Asian Nations (ASEAN) countries in pursuing the goal of […]
New Bad Bank Structure: NARCL
New Bad Bank Structure: The Union Cabinet approved the Rs 30,600 crore guarantee to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets. The NARCL is a part of a new Bad bank structure that was announced in the Budget 2021. About the New Bad Bank Structure: For […]
National Financial Reporting Authority (NFRA): Standalone Legislation
National Financial Reporting Authority (NFRA): National Financial Reporting Authority (NFRA) Chairperson has pitched for a ‘standalone legislation’ for the regulator in the interests of autonomy. He also demanded that all necessary penal provisions relating to financial reporting should be consolidated and vested with it. Currently, the NFRA may take action against auditors for professional misconduct […]
Shoonya Campaign: NITI Aayog
Shoonya Campaign: NITI Aayog: NITI Aayog and Rocky Mountain Institute (RMI) and RMI India’s have launched the Shoonya Campaign. It is an initiative to promote zero-pollution delivery vehicles by working with consumers and industry. RMI is an independent nonprofit organization founded in 1982. Shoonya Campaign: Electric Deliveries: The campaign aims to accelerate adoption of Electric […]
Production Linked Incentive (PLI) Scheme For Automobile Industry
Production Linked Incentive (PLI) Scheme For Automobile Industry: Union Cabinet has approved the Production Linked Incentive (PLI) Scheme for Automobile Industry. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products. The incentive structure will encourage industry to make fresh investments for indigenous global supply chain of Advanced […]
