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 […]
Category: Economics Current Affairs
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 […]
CSC and IEPFA App : Important Points
Central Scrutiny Centre (CSC) And Investor Education And Protection Fund Authority’s (IEPFA) Mobile App: Union Minister for Corporate Affairs launched Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App — two tech-enabled initiatives by Ministry of Corporate Affairs (MCA). Central Scrutiny Centre (CSC): MCA is one of the key primary […]
Commercial Coal Mining India : 2nd Tranche Of Auction
India launched Its 2nd Tranche Of Auction For Commercial Coal Mining: India launched its 2nd Tranche of the auction for commercial coal mining offering 67 mines for the sale of coal. Union Coal Minister launched the auction process. This is the highest number of mines on offer in a particular tranche of the auction after […]
What is GST Compensation Cess
GST Compensation: The Centre will release ₹30,000 crore as GST compensation to States this month, from the compensation cess collections during the year. The pending compensation dues to States for 2020-21 are expected to be more than ₹77,000 crore. The GST Compensation Act, 2017 guaranteed States that they would be compensated for any loss of […]
The Standing External Advisory Committee (SEAC) : RBI
The Standing External Advisory Committee (SEAC): RBI The Reserve Bank of India (RBI) has set up a five-member Standing External Advisory Committee (SEAC), headed by former RBI Deputy Governor Shyamala Gopinath, for evaluating applications for universal banks and Small Finance Banks (SFBs). The Standing External Advisory Committee (SEAC) will be comprising eminent persons with […]
Remission Of Duties And Taxes On Export Products (RODTEP) Scheme
Remission Of Duties And Taxes On Export Products (RODTEP) Scheme: The notification of benefit rates payable to exporters under the Remission of Duties and Taxes on Export Products (RODTEP) scheme, is expected to take more time as it is facing ‘teething issues. Exporters fear the rates may turn out to be lower than recommended by […]
What is Open Market Operations? Types
Open Market Operations: The Reserve Bank of India (RBI) has decided to conduct simultaneous purchase and sale of government securities (G-Sec) under Open Market Operations (OMOs) for an amount of Rs. 10,000 crore each. Simultaneous purchase and sale of government securities under OMOs, popularly known as operation twist, involves purchasing G-Sec of longer maturities and […]
Ration Cards Cancellation Case:
Ration Cards Cancellation Case: The Supreme Court has asked the Centre to respond to a plea related to the cancellation of over three-crore ration cards for not linking them to Aadhaar. Also, the SC has sought a report on the implementation of the grievances redressal mechanism. It is contained in Sections 14, 15, and 16 […]
