Academic Bank Of Credit: The Academic Bank of Credits (ABC) is expected to be implemented from this academic year. However, this scheme has many pros and cons and there are issues which still need to be addressed before it gets implemented. ABC will affect organised, systematic learning: Students may find it difficult to change […]
Category: Economics Current Affairs
Non-Banking Financial Companies
Non-Banking Financial Companies: The Reserve Bank of India extended the timeline by six months for Non-Banking Financial Companies to adhere to the new NPA recognition norms. Earlier the regulator had set March 31 deadline for non-bank lenders to upgrade NPAs only after all arrears and principal dues are paid. It said that NBFCs will have […]
Accreditation Of Higher Educational Institutions: NAAC
Accreditation Of Higher Educational Institutions: The National Assessment and Accreditation Council (NAAC) has relaxed the eligibility criteria for accreditation of higher educational institutions. The new guidelines drawn up by the NAAC, which is an autonomous body under the UGC, allow newer institutions — those with one academic year or more — to apply for […]
What is an Initial Public Offering (IPO)?
Initial Public Offering (IPO): An IPO or initial public offering is the process by which a privately held company, or a company owned by the government such as LIC, raises funds by offering shares to the public or to new investors. Following the IPO, the company is listed on the stock exchange. While coming […]
Grants For Non-Million Plus Cities
Grants For Non-Million Plus Cities: Department of Expenditure, Ministry of Finance released an amount of 1154.90 crore rupees to four states for providing grants to Urban Local Bodies. The States to which grants were released are Andhra Pradesh, Bihar, Gujarat, and Sikkim. The grants released are meant for Non-Million Plus cities including Cantonment Boards. […]
Agri-cess on Crude Palm Oil (CPO)
Crude Palm Oil (CPO): With a view to check any further rise in the prices of domestic edible oils due to rise in the prices of edible oils globally, the Government of India has reduced the agri-cess for Crude Palm Oil (CPO) from 7.5% to 5% with effect from 12th February, 2022. After reduction […]
Repo Rate Unchanged
Repo Rate Unchanged: The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept key policy rates – Repo rate, Reverse repo rate and the Bank rate – unchanged and retained the accommodative policy stance. This is the tenth consecutive time that the repo rate has remained unchanged. The central bank […]
Draft Red Herring Prospectus (DRHP)
Draft Red Herring Prospectus (DRHP): The Union government has filed a draft red herring prospectus with the stock market regulator for selling 5% of its shares in the Life Insurance Corporation (LIC) of India. A Draft Red Herring Prospectus (DRHP) is a document that is prepared to introduce a new business or product to […]
Capital Gains From Stock Markets
Capital Gains: In an almost 10-fold increase in tax collections from stock markets, the government is expecting to collect Rs 60,000-80,000 crore this financial year as a tax on capital gains in the stock markets as against Rs 6,000-8,000 crore in the previous fiscal. Under the Income Tax Act, gains from the sale of […]
Russia Exclusion From SWIFT?
Society For Worldwide Interbank Financial Telecommunication (SWIFT): As tensions exacerbate between Washington and Moscow over Ukraine, political commentators say that the United States could, as a last resort, exclude Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). If a country is excluded from the most participatory financial facilitating platform, its foreign funding […]
