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 […]
Category: Economics Current Affairs
FCRA Licence of International Cooperative Alliance Cancelled
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.
Credit Default Swaps
Credit Default Swaps: The 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. Credit Default Swaps is a financial derivative that allows an investor to swap or offset their credit risk with that of another […]
Financial Action Task Force (FATF) released its Mutual Evaluation Report on India
Financial Action Task Force (FATF) released its Mutual Evaluation Report on India: India was found partially compliant in three areas. Non-Profit Organisations (NPOs): NPOs registered as charitable organizations and enjoying tax exemptions could be vulnerable to terror funding. The system requires better measures to address risks associated with these organisations. Politically Exposed Persons (PEPs): Ambiguities […]
NCERT Textbook
NCERT Textbook: A chapter titled ‘Veer Abdul Hameed’ and a poem titled ‘National War Memorial’ have been included in the NCERT curriculum of Class VI.
YES BANK and Paisabazaar Launch Feature-rich ‘PaisaSave’ Cashback Credit Card
YES BANK and Paisabazaar Launch Feature-rich ‘PaisaSave’ Cashback Credit Card: Paisabazaar, India’s leading online marketplace for consumer credit and free credit score platform, has partnered with YES BANK, India’s sixth largest private sector bank, to unveil their co-branded credit card – YES BANK Paisabazaar PaisaSave Credit Card.
Real Estate Investment Trusts
Real Estate Investment Trusts: The Indian REITs Association (IRA) recently launched Data Benchmarking Institutions (DBIs) to provide investors with detailed information on real estate investment trusts (REITs).REITs are companies that own or finance income-producing real estate across a range of property sectors.It allows investors to pool their funds and invest in various real estate projects. […]
India is set to become the Third-largest Economy by 2030-31
India is set to become the Third-largest Economy by 2030-31: India is on track to become the third largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7%, the credit rating agency S&P Global said in its report called India forward Emerging Perspectives.
India Becomes 6th Largest Market in MSCI ACWI
India Becomes 6th Largest Market in MSCI ACWI: India has now become the sixth largest market in the MSCI All Country World Investable Market Index (ACWI IMI), surpassing China and narrowly behind France. As of August 2024, India’s weight in the index stands at 2.35%, surpassing China’s 2.24%, with France just 3 basis points ahead […]
India’s exports to China contracted by 22.44% to $1 billion in August
India’s exports to China contracted by 22.44% to $1 billion in August: India’s exports to China contracted by 22.44% to $1 billion in August, while overall exports declined 9% to $34.7 billion, driven by muted demand, geopolitical issues, and logistics challenges amid a massive slowdown in China.
