Small Savings Instruments For The First Quarter Of 2021-22: The government has sharply slashed the rates on all small savings instruments for the first quarter of 2021-22. It has brought the rate of return on the Public Provident Fund down from 7.1% to 6.4% and effecting cuts ranging from 40 basis points (0.4%) to 110 […]
Category: Economics Current Affairs
Emergency Credit Line Guarantee Scheme (ECLGS) 3.0
Emergency Credit Line Guarantee Scheme (ECLGS) 3.0: In recognition of the continuing adverse impact of the COVID-19 pandemic on certain service sectors, the Government has now extended the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) through the introduction of ECLGS 3.0. ECLGS 3.0 will cover business enterprises in Hospitality, Travel & Tourism, Leisure […]
Pakistan Will Allow The Import Of Cotton And Sugar From India
Pakistan Will Allow The Import Of Cotton And Sugar From India: Pakistan will allow the import of cotton and sugar from India, partially reversing a two-year-old decision to suspend all trade with India. The decision to cancel trade was taken by the Pakistan government in August 2019, days after the Indian government amended Article 370 […]
Inflation Target Of 4% : RBI
Inflation Target Of 4%:RBI: The Government of India has decided to retain the inflation target of 4%, with a tolerance band of +/- 2 percentage points for the Monetary Policy Committee of the Reserve Bank of India (RBI) for the coming five years. Earlier, the RBI in its Currency and Finance (RCF) report for the […]
Overseas Citizens Of India (OCI)
Overseas Citizens Of India (OCI): People of Indian origin and the Indian diaspora having Overseas Citizens of India (OCI) cards will not have to carry their old, expired passports for travel to India, as was required earlier, according to a government notification. OCI cardholders: The government of India launched the ‘Overseas Citizenship of India […]
Supreme Court on National Company Law Appellate Tribunal (NCLAT)
Tata Group’s Decision To Remove Cyrus Pallonji Mistry As The Executive Chairman And Director Of Tata Sons: The Supreme Court overturned the National Company Law Appellate Tribunal (NCLAT) decision and upheld Tata Group’s decision to remove Cyrus Pallonji Mistry as the Executive Chairman and Director of Tata Sons. Supreme Court Observations: Minority shareholders or their […]
Right To Information (RTI) Requests In 2019-20
Right to Information (RTI) requests in 2019-20: The Centre has only rejected 4.3% of all Right to Information (RTI) requests in 2019-20, the lowest ever rate, according to the Central Information Commission’s annual report. However, almost 40% of these rejections did not include any valid reason, as they did not invoke one of the permissible […]
Cryptocurrencies and Companies
Cryptocurrencies: The corporate affairs ministry has announced companies will have to disclose any holding or dealings in cryptocurrencies or virtual currencies in their financial statements filed with the Registrar of Companies. This is a major step towards regulating the crypto assets in India and will bring in a lot of transparency in reporting/filing of crypto […]
Business Responsibility And Sustainability Report (BRSR)
Business Responsibility And Sustainability Report (BRSR): The Securities and Exchange Board of India (SEBI) has decided to introduce new requirements for business sustainability reporting by listed entities. This new report will be called the Business Responsibility and Sustainability Report (BRSR) and will replace the existing Business Responsibility Report (BRR). SEBI, in 2012, mandated the top […]
Electoral Bonds
Electoral Bonds: Supreme Court of India, on March 26, 2021, refused to stay the sale of a fresh set of electoral bonds from 1 April. Supreme Court, while refusing the stay, underlines that these bonds were allowed to be released in 2018 and 2019 without any interruption. There exists no justification to stay these bonds […]
