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FDI Limit Under Automatic Route In LIC

FDI Up To 20% Under The “Automatic Route” In LIC: The Union Cabinet cleared an amendment to the FDI Policy to allow Foreign Direct Investment (FDI) up to 20% under the “automatic route” in Life Insurance Corporation (LIC) ahead of its proposed Initial Public Offer (IPO). The government expects to mobilize Rs 63,000-66,000 crore from […]

Asian Infrastructure Investment Bank (AIIB)

Asian Infrastructure Investment Bank (AIIB): The Beijing-based Asian Infrastructure Investment Bank (AIIB) said it was putting on hold and reviewing all projects in Russia and Belarus. The move comes amid sweeping sanctions and other financial measures aimed at Russia from a number of countries over its invasion of Ukraine. AIIB is a multilateral development bank […]

Radio Frequency Identification (RFID): Indian Army

Implementation Of Radio Frequency Identification (RFID): The Indian Army commenced implementation of Radio Frequency Identification (RFID) tagging of its ammunition inventory. Earlier in 2021, the Union Government integrated the E-Way Bill (EWB) system with FasTag and RFID. RFID is a type of passive wireless technology that allows for tracking or matching of an item or […]

Indian Economic Growth Estimation 2022

Indian Economic Growth Estimation:   India’s gross domestic product (GDP) is estimated to grow at 8.9% in 2021-22 instead of the 9.2% estimated earlier, with year-on-year growth during October-December 2021 slipping to 5.4% from 8.5% in the previous quarter, as per the second advance national income estimates released. Gross Value-Added (GVA) in the economy is […]

What Are Market Infrastructure Institutions?

What Are Market Infrastructure Institutions?   Securities and Exchange Board of India (SEBI) noted that the National Stock Exchange (NSE), the country’s largest equities and derivatives exchange is a systemically important market infrastructure institution (MII). MIIs: Stock exchanges, depositories and clearing houses are all Market Infrastructure Institutions and constitute a key part of the nation’s […]

Change in India’s FDI Policy for IPO of LIC

Changes To India’s Foreign Direct Investment Policy:   The Union Cabinet approved changes to India’s foreign direct investment (FDI) policy to allow global investors to participate in the initial public offering of Life Insurance Corporation of India (LIC) shares expected to be launched soon. Foreign investors will now be able to invest up to 20% […]

Coal E-Auction

Coal E-Auction:   Union Cabinet has approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions. The Cabinet Committee on Economic Affairs approved the following: Offering of all the non-linkage coal by coal companies through one e-auction window of CIL (CIL) / Singareni Collieries Company Limited (SCCL). This […]

Whether Cryptocurrencies Is Legal In India? Supreme Court

Whether Cryptocurrencies Is Legal In India?   The Supreme Court has asked the Centre whether dealing with cryptocurrencies like bitcoin is legal in India. The Court posed the query while hearing a plea by one of the accused in the GainBitcoin scam, seeking quashing of the charges against him. There’s no formal regulation on cryptocurrencies […]