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Draft Blue Economy Policy for India : Highlights

Draft Blue Economy Policy for India: The Ministry of Earth Sciences has asked for suggestions on the Draft Blue Economy Policy for India. The stakeholders such as NGOs, industry, academia, and citizens have been asked to submit their inputs and ideas by 27th February 2021. The Draft Blue Economy Policy was created by the government […]

What Is Credit Default Swap?

Credit Default Swap: The Reserve Bank of India revealed the credit default swaps (CDS) and has allowed the retail users to do the transactions in permitted credit derivatives in order to hedge their underlying credit risk. Key Highlights: As per the guidelines, the non-retail users will be allowed to do the transactions in credit derivatives […]

Rise In Sensex Reasons : Increased Foreign Portfolio Investments

Increased Foreign Portfolio Investments: The Sensex has risen 11.36%, post-Union Budget 2021-22 presentation, due to increased Foreign Portfolio Investments (FPIs). Sensex, otherwise known as the S&P BSE Sensex index, is the benchmark index of the Bombay Stock Exchange (BSE) in India. It comprises 30 of the largest and most actively traded stocks on the BSE […]

New System Of Faceless Assessment And Appeal : Tax Disputes

New System Of Faceless Assessment And Appeal: The Finance Secretary has said that the new system of faceless assessment and appeal would help bring down tax disputes substantially. Tax Disputes (Data): As per official data, the amount involved in tax disputes was over Rs. 11 lakh crore in FY19-end, up 23% over a year-ago. Since […]

Goa : 6th State To Complete Urban Local Bodies (ULB) Reforms

Urban Local Bodies (ULB) Reforms: Goa becomes the 6th State to complete Urban Local Bodies (ULB) reforms. Gets additional borrowing permission of Rs. 223 crore. Goa has joined five other States namely, Andhra Pradesh, Madhya Pradesh, Manipur, Rajasthan, and Telangana, who have completed ULB reforms. Reforms in ULBs and the urban utility reforms are aimed […]

Crude Oil Price Hike – Feb 2021 : Reasons and Impact on India

Crude Oil Price Hike: The price of Brent crude crossed the USD 60 per barrel mark after over a year. The rise in prices is because of production cuts by oil-producing countries and expectations of improvements in global demand as the Covid-19 vaccine is rolled out across the world. In April 2020, the West Texas […]

Financial Literacy Week 2021 : RBI

Financial Literacy Week 2021: The Reserve Bank of India (RBI) has launched the Financial Literacy Week (FLW) for the year 2021. The literacy week started from February 8 and will conclude on February 12, 2021. Financial Literacy Week (FLW)-2021 This year, the Financial Literacy week will focus on ‘Developing the credit discipline and encouraging availing […]

What are Index-linked Insurance Policies (ILIPs) ?

Index-linked Insurance Policies (ILIPs): A committee was set up by the Insurance Regulatory and Development Authority of India (IRDAI) on the request of some insurers. The committee has recommended introducing index-linked insurance policies (ILIPs). Index-linked insurance policies (ILIPs): The returns coming from the ILIPs will be linked to benchmark indices. ILIPs are the Insurance products […]

Open Market Operations : RBI Announces Rs. 20,000 Crore

Open Market Operations: RBI announces ₹20,000 crore open market operations on February 10. Open market operations are the sale and purchase of government securities and treasury bills by RBI or the central bank of the country. The objective of OMO is to regulate the money supply in the economy. It is one of the quantitative […]

Direct Access To Its Government Securities Trading Platform : RBI

Direct Access To Its Government Securities Trading Platform: The Reserve Bank of India (RBI) has given small investors direct access to its government securities trading platform. Now, Retail investors can directly open their gilt accounts with RBI, and trade in government securities. What is the need for the current proposal, then? The g-sec market is […]