IndusInd Bank reported derivative losses of ₹2,100 crore on March 10, 2025, leading to a 23% decline in its share price: Financial contracts whose value depends on an underlying asset, index, or rate . It is Used for hedging risks, speculation, and portfolio diversification. Common underlying assets: Stocks, bonds, commodities, currencies, interest rates, and market […]
Category: Economics Current Affairs
India recently has imposed anti-dumping duty on five Chinese goods
India recently has imposed anti-dumping duty on five Chinese goods: India recently has imposed anti-dumping duty on five Chinese goods, including vacuum flasks and aluminium foil.Anti-Dumping Duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process wherein a company […]
Indonesia to Join New Development Bank: A Strategic Move Towards Economic Growth
Indonesia to Join New Development Bank: A Strategic Move Towards Economic Growth Indonesia has announced its decision to join the New Development Bank (NDB), a multilateral financial institution established by the BRICS nations. President Prabowo Subianto made this declaration during a meeting with NDB President and former Brazilian President Dilma Rousseff. This move is expected […]
P.S. Raman’s Book ‘Leo: The Untold Story of Chennai Super Kings’ Launched with MS Dhoni
P.S. Raman’s Book ‘Leo: The Untold Story of Chennai Super Kings’ Launched with MS Dhoni: Cricketer MS Dhoni and members of the Chennai Super Kings (CSK) team made a surprise appearance at the book launch event of ‘Leo: The Untold Story of Chennai Super Kings’, written by P.S. Raman, a former vice-president of the Tamil […]
Directorate General of Trade Remedies
Directorate General of Trade Remedies: Trade Ministry Recommends 12% Duty on Steel Imports Amid ‘Trade Diversion’ Concerns Reasons for the Proposed 12% Steel Import Duty: Global Trade Restrictions: The US imposed a 25% additional tariff on steel imports (effective March 12, 2025), revoking earlier exemptions. 129 trade remedy measures have been adopted by the EU, […]
6th Round of India’s Remittances Survey
6th Round of India’s Remittances Survey: The Reserve Bank of India’s (RBI) 6th Round of India’s Remittances Survey (2023-24) highlights that Advanced economies (AEs), particularly the US and the United Kingdom (UK), have overtaken Gulf nations as the top contributors to remittances in India. Key Findings : India’s total remittances have more than doubled, rising […]
Cabinet Approves Revised Rashtriya Gokul Mission with ₹3,400 Crore Allocation
Cabinet Approves Revised Rashtriya Gokul Mission with ₹3,400 Crore Allocation: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Revised Rashtriya Gokul Mission (RGM) to enhance livestock sector growth. The revised scheme, implemented as a Central Sector component of the Development Programmes scheme, has been allocated a total of ₹3,400 crore during […]
Cabinet Approves ₹1,500 Crore UPI Incentive Scheme for Banks
Cabinet Approves ₹1,500 Crore UPI Incentive Scheme for Banks: The Union Cabinet has approved an incentive scheme of ₹1,500 crore for banks to promote Unified Payments Interface (UPI) transactions below ₹2,000 in FY 2024–25. Banks will receive a 0.15% incentive on such transactions made by small merchants, with a portion of the payout contingent on […]
SEBI Reduces Minimum Investment in SSE to ₹1,000
SEBI Reduces Minimum Investment in SSE to ₹1,000: The Securities and Exchange Board of India (SEBI) has reduced the minimum investment amount for Zero Coupon Zero Principal (ZCZP) instruments on the Social Stock Exchange (SSE) from ₹10,000 to ₹1,000. This decision, based on recommendations from the Social Stock Exchange Advisory Committee, aims to enhance retail […]
LIC Agents Protest Against New Insurance Rules
LIC Agents Protest Against New Insurance Rules: LIC is the largest public sector life insurance company and institutional investor in India. Headquartered in Mumbai, it plays a crucial role in India’s financial market. Motto: “Yogakshemam Vahamyaham” (From the Bhagavad Gita) – “Your welfare is our responsibility.” It was established in 1956 through the Life Insurance […]
