Category: Economics Current Affairs

Currency Monitoring List: The US Department of Treasury recently removed India along with Italy, Mexico, Thailand and Vietnam from its Currency Monitoring List of major trading partners that merit close attention to their currency practices and macroeconomic policies. India had been on the list for the last two years. China, Japan, Korea, Germany, Malaysia, Singapore, […]

Report On Municipal Finances : RBI The Reserve Bank of India (RBI) has released the Report on Municipal Finances, compiling and analyzing budgetary data for 201 Municipal Corporations (MCs) across all States. The RBI Report explores ‘Alternative Sources of Financing for Municipal Corporations’ as its theme. Findings: There have been several lacunae in the working […]

Central Counterparty Clearing house (CCP): The European Union’s financial markets regulator European Securities and Markets Authority (ESMA) said it will withdraw recognition of six Indian clearing bodies or central counterparties (CCPs). These six CCPs are Clearing Corporation of India (CCIL), Indian Clearing Corporation Ltd (ICCL), NSE Clearing Ltd (NSCCL), Multi Commodity Exchange Clearing (MCXCCL), India […]

Compulsorily Convertible Preference Shares: Insurance regulator IRDAI has rejected Fairfax proposal to convert the company’s holdings in compulsory convertible preferred shares (CCPS) issued by Go Digit Infoworks into equity shares. CCPS, or Compulsorily Convertible Preference Shares, are a key element of startup financing. It gives the assurance of a fixed rate of return plus the […]

India’s Sovereign Green Bonds Framework: The Union Minister for Finance & Corporate Affairs has approved the final Sovereign Green Bonds Framework of India. Sovereign Green Bonds will be issued for mobilising resources for green projects. The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as elucidated by the Prime Minister at Conference […]

Amendments In Electoral Bond Scheme: Weeks ahead of elections in certain states, the Central Government has amended the Electoral Bond Scheme. Amendments Made to the Scheme: Additional Period of 15 Days: Introduced a new para, stating that an additional period of fifteen days shall be specified by the Central Government in the year of general […]

National SC-ST Hub: The 5th meeting of High Powered Monitoring Committee (HPMC) under National SC-ST Hub scheme was chaired by Union Minister of Micro, Small and Medium Enterprises. Objective of National SC-ST Hub is to develop a supportive ecosystem for SC/ST entrepreneurs to achieve the mandated 4% procurement by the CPSEs from the SC/ST entrepreneurs […]

Niveshak Didi Initiative: India Post Payments Bank (IPPB) conducted India’s First Floating Financial Literacy Camp with an initiative called ‘Niveshak Didi’ to promote Financial Literacy ‘By the women, for the women’, in Srinagar, J&K. Niveshak Didi Initiative is based on the ideology of women for women, as rural area women feel more comfortable to share […]