European Bank For Reconstruction And Development : Approved Euro Capital The European Bank for Reconstruction and Development (EBRD) recently approved a 4-billion-euro capital increase that will enable the bank to double its Ukraine investments. European Bank for Reconstruction and Development (EBRD) is an international financial institution with the mandate to promote transition towards a sustainable, […]
Category: Economics Current Affairs
International Financial Services Centres Authority : Global Hub Of Sustainable Finance
International Financial Services Centres Authority : Global Hub Of Sustainable Finance The Prime Minister, during his speech at the Infinity Forum 2.0, emphasised making International Financial Services Centres Authority (IFSCA) a global hub of Sustainable Finance. International Financial Services Centres Authority (IFSCA) has undertaken numerous regulatory initiatives for the development of financial instruments at IFSC […]
P-Note Surge In Indian Markets
P-Note Surge In Indian Markets: In November 2023, there was an increase in participatory note investments, reaching a total of ₹1.31 lakh crore. Participatory Notes (P-Notes) are financial instruments used by foreign investors who wish to invest in Indian markets without directly registering with the market regulator, the Securities and Exchange Board of India (SEBI). […]
Foreign Exchange Management Act : RBI Released a Draft
Foreign Exchange Management Act : RBI Released a Draft The Reserve Bank of India (RBI) recently released a draft ‘Licensing Framework for Authorised Persons (APs)’ under the Foreign Exchange Management Act (FEMA), 1999. FEMA came in 1999 as a successor to the Foreign Exchange Regulation Act, or FERA, of 1973, with changing economic conditions in […]
Card-On-File Tokenization : Reserve Bank Of India
Card-On-File Tokenization : Reserve Bank Of India In order to make digital payments more secure, safe and sound the Reserve Bank of India (RBI) has now enabled card-on-file tokenization (CoFT) through card issuing banks and institutions. Tokenization refers to replacement of actual credit and debit card details with an alternate code called the “token”. It […]
World Bank Released International Debt Report
World Bank Released International Debt Report: India’s total debt is around 81%, but most of it is domestic debt. India’s external debt is around 18.6% (around USD 624 billion at the end of March 2023), as per the RBI data. Public and publicly guaranteed (PPG) debt service payments by Low and Middle-Income Countries (LMICs) reached […]
SHG Bank Linkage Project
SHG Bank Linkage Project: The Union Minister of State for Rural Development, in a written reply in Rajya Sabha has given information about Self Help Group (SHG) Bank linkage (BL). In 2019, the International Initiative for Impact Evaluation assessed DAY-NRLM, finding a 19% income boost and a 28% increase in household savings compared to the […]
Tax Inspectors Without Borders (TIWB) Program
Tax Inspectors Without Borders (TIWB) Program: Tax Inspectors Without Borders (TIWB) program, a collaborative effort between the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), was recently launched in Saint Lucia. India has been selected as the Partner Administration and will contribute Tax Experts to the 12-18-month initiative. This […]
Unnati Foundation : First Entity To List On The Social Stock Exchanges
Unnati Foundation : First Entity To List On The Social Stock Exchanges The Unnati Foundation became the first entity to list on the social stock exchanges (SSE). Social Stock Exchange functions as a separate segment within the existing stock exchange and help social enterprises raise funds from the public through its mechanism. It would serve […]
Exchange-Traded Funds
Exchange-Traded Funds: The total investment by the Employees’ Provident Fund Organisation (EPFO) in exchange-traded funds (ETFs) in more than seven years has crossed Rs 2.5 trillion, Minister of State in the Labour Ministry recently told Lok Sabha An ETF is a collection of marketable securities that tracks an index, a commodity, bonds, or a basket […]
