Category: Economics Current Affairs

Database Of Companies And Auditors: NFRA: National Financial Reporting Authority (NFRA) has prepared a provisional database of companies and auditors. The National Financial Reporting Authority is a regulatory body set up under Section 132 of the Companies Act to oversee compliance with Accounting and Auditing Standards by companies that can be described as Public Interest […]

India’s Sovereign Rating: According to the S&P Global Ratings, India’s sovereign rating will remain unchanged at the current level of BBB- for the next two years despite the potential adverse impact of a surging pandemic on its economy. S&P is one of the largest credit rating agencies, assigning letter grades to companies and countries and […]

Report On Social Stock Exchanges: A technical group on Social Stock Exchanges (SSEs), constituted by the Securities and Exchange Board of India (SEBI), has submitted its report. SEBI set up the technical group in September 2020 under the chairmanship of Harsh Bhanwala, former chairman of NABARD. Earlier, a Working Group (WG) on the SSE, chaired […]

Cryptocurrency Transactions: National Payments Corporation of India (NPCI) has refused to ban cryptocurrency transactions. Further, it has put the onus on banks whether to ban transactions of cryptocurrency trades or not. It told banks to make a decision based on the advice of their legal and compliance departments. The National Payments Corporation of India (NPCI) […]

Bond Yield: The Reserve Bank of India’s (RBI) decision to step up the purchase of Government Securities (G-Sec) under the Government Securities Acquisition Programme (G-SAP) led to the yield on the benchmark 10-year bond falling below 6%. In India, the yield of 10-year G-Sec is considered the benchmark and shows the overall interest rate scenario. […]

Global Innovation Partnership (GIP): The Union Cabinet has given ex-post facto approval to the signing of MoU between the Ministry of External Affairs of India and Foreign, Commonwealth, and Development Office (FCDO) of the United Kingdom on Global Innovation Partnership (GIP) Through this MoU, India, and UK agree to launch the Global Innovation Partnership. GIP […]

Section 142 Of The Social Security Code, 2020: Section 142 of the Social Security Code, 2020 has been notified by the Ministry of Labour & Employment covering the applicability of Aaadhar. The notification of the section will enable the Ministry of Labour and Employment to collect Aaadhar details for the database of beneficiaries under various […]

Measures To Support The Nation: RBI: The RBI Governor Shaktikanta Das announced a series of measures to support the nation’s fight against the second wave of COVID-19 infections. Term Liquidity Facility of Rs. 50,000 crore with tenure of up to 3 years, at repo rate, to ease access to emergency health services, for ramping up […]

Maratha Reservation Struck Down: SC: A five-judge Constitution Bench of the Supreme Court has struck down the Maharashtra law granting reservation to the Maratha community in admissions and government jobs in the state. In November 2018, the Maratha community was given the reservation under the Maharashtra State Socially and Educational Backward Act. The special act […]

IDBI Bank Ltd: The Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd. The extent of respective shareholding to be divested by GoI and LIC shall be decided at the time of structuring of the transaction in consultation with RBI. The […]