Variable Rate Reverse Repo Auctions : RBI The Reserve Bank of India (RBI) has continued to conduct variable rate reverse repo auctions (VRRRs) to withdraw excess liquidity from the banking system since June 30. Repo rate is the rate at which the central bank lends money, while the reverse repo rate is the rate at […]
Category: Economics Current Affairs
SEBI Complaints Redress System (SCORES) Platform
SEBI Complaints Redress System (SCORES) Platform: A total of 3,079 complaints against companies and market intermediaries have been disposed of through the Securities and Exchange Board of India’s (SEBI) SCORES platform recently. SCORES Platform is a web based centralized grievance redress system of SEBI that was launched in June 2011. SCORES enables investors to lodge […]
Notification To Bring The GSTN Under The Purview Of The PMLA
Notification To Bring The GSTN Under The Purview Of The PMLA: The Central Government recently issued a notification to bring the Goods & Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA). Prevention of Money Laundering Act (PMLA) is an Act to prevent money laundering and to provide for […]
Farmers Distress Index
Farmers Distress Index: The Central Research Institute for Dryland Agriculture (CRIDA) in India has developed a unique early warning system known as the “farmers’ distress index.”The index is currently being worked out in the form of a mobile or desktop application. The purpose of this index is to minimize agrarian distress, including crop loss, failure, […]
National e-Governance Service Delivery Assessment Portal
National e-Governance Service Delivery Assessment Portal: Secretary of Department of Administrative Reforms and Public Grievances launched the third edition of the National e-Governance Service Delivery Assessment (NeSDA) portal. NeSDA portal launched in August 2018 was conceptualized with an overall objective to measure the depth and effectiveness of existing e-Governance service delivery mechanisms. The Department has […]
Asian Development Bank (ADB) : Approved USD 200 Million Additional Financing
Asian Development Bank (ADB) : Approved USD 200 Million Additional Financing The Asian Development Bank (ADB) recently approved USD 200 million additional financing for the Rajasthan secondary towns development sector project. Asian Development Bank (ADB) is a multilateral development bank established on 19th December 1966. Its primary mission is to “foster economic growth and cooperation” […]
eSARAS Mobile App
eSARAS Mobile App: eSARAS mobile App was launched by the Secretary of Union Ministry of Rural Development, Government of India at New Delhi. eSARAS App is an e-commerce mobile app which will be used as a more effective platform for marketing of the products made by women of self-help groups. It is an initiative conceptualized […]
United Nations Global Compact
United Nations Global Compact: Nord Security, home to NordVPN, NordLayer, NordPass, and NordLocker, recently joined the United Nations Global Compact (UNGC) community. United Nations Global Compact (UNGC) is a call to companies everywhere to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Launched in 2000, […]
Public Issue Of shares
Public Issue Of shares: The market regulator SEBI recently approved the proposal for reducing the period for listing of shares in public issues from six days to three days. Public Issue of shares is When a company raises funds by selling or issuing its equity shares to the public through an offer document, it is […]
Unicorn Startup : Declined Sharply In 2023
Unicorn Startup : Declined Sharply In 2023 According to a recent report, new additions to the unicorn list declined sharply in 2023, indicating a slowdown in the Indian startup ecosystem. The term unicorn refers to a privately held startup company with a value of over $1 billion. It is commonly used in the venture capital […]
