Category: Economics Current Affairs

T+0 Settlement: Stock exchanges have decided to delay the implementation of T+0 (same-day) settlement cycle for institutional clients, which was set to start on September 30, 2024, on a voluntary basis. T+0 was introduced for retail clients in 25 securities as a beta version in March 2024. T+0 Settlement refers to same-day settlement of trades […]

SEBI Launches FPI Outreach Cell: The Securities and Exchange Board of India (SEBI) has launched a dedicated Foreign Portfolio Investor Outreach Cell as part of the Alternative Investment Fund and Foreign Portfolio Investors Department (AFD). This cell will focus on direct engagement with Foreign Portfolio Investors (FPIs), and supporting them in accessing the Indian securities […]

Nirmala Sitharaman Attends 9th AIIB Board of Governors Meeting in Samarkand: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman represented India at the 9th Asian Infrastructure Investment Bank (AIIB) Board of Governors meeting held in Samarkand, Uzbekistan, on September 25-26, 2024.

India’s Largest Blast Furnace in Kalinganagar: Tata Steel has successfully commissioned India’s largest blast furnace at its Kalinganagar facility in Odisha, marking a significant milestone for the steel sector. With a total investment of Rs 27,000 crore, this Phase II expansion will increase the plant’s capacity from 3 million tonnes per annum (MTPA) to 8 […]

Managing Director and CEO of Federal Bank: KVS Manian has officially taken charge as the Managing Director and CEO of Federal Bank, effective September 23, 2024. He succeeds Shyam Srinivasan, who retired after successfully leading the bank since 2010.

Credit Default Swaps: Securities and Exchange Board of India (SEBI) announced that mutual funds can now sell credit default swaps (CDS) citing the need to aid liquidity growth in corporate bond market, according to its latest circular. The move follows RBI’s directive in 2022 to provide revised regulatory framework for debt derivatives. So far, only […]

Deposit Crunch: Banks are currently experiencing a deposit crunch, which is limiting their ability to extend credit. The Reserve Bank of India Governor Shaktikanta Das had, in July, raised concerns over slower deposit mobilisation compared to credit growth stating that as it may create structural liquidity issues. India is among the fastest-growing large economies of […]

FCRA Licence of International Cooperative Alliance Cancelled: The Foreign Contribution Regulation Act (FCRA) licence of the International Cooperative Alliance (ICA) was cancelled by the Union Home Ministry for alleged rule violations. The ICA, established in 1895, is an apex body representing cooperatives worldwide and has over 1 billion members.