SEBI Bans 9 Entities, Impounds ₹21 Crore in Front-Running Case: The Securities and Exchange Board of India (SEBI) has issued an interim order banning Sachin Bakul Dagli, an equity dealer with PNB MetLife, and eight other entities from the securities market for their involvement in a front-running scheme. This fraudulent activity, operational for over three […]
Category: Economics Current Affairs
RBI Report on State Finances 2024-25
RBI Report on State Finances 2024-25: The Reserve Bank of India’s (RBI) report, State Finances – A Study of Budgets of 2024-25, highlighted the progress made by state governments in fiscal consolidation, alongside significant challenges such as high debt levels and rising subsidies. Key Highlights of the Report: The average tax buoyancy (responsiveness of tax […]
Green Deposits
Green Deposits: Green deposits in India face sluggish adoption due to pricing issues, low public engagement, and limited interest from private banks.These are interest-bearing deposits earmarked for funding green projects, such as solar energy, clean transportation, and sustainable water management.In June 2023, the Reserve Bank of India’s (RBI) introduced a framework for green deposits to […]
Adani Group Acquires 85.8% Stake in Air Works
Adani Group Acquires 85.8% Stake in Air Works: The Adani Group has announced the acquisition of an 85.8% stake in Air Works, India’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company, at an enterprise value of Rs 400 crore. This move solidifies Adani’s position in the defence and civil aviation MRO sectors, marking a strategic […]
Indians in Forbes’ 2024 Power Women List
Indians in Forbes’ 2024 Power Women List: Forbes has unveiled its 21st annual list of the World’s 100 Most Powerful Women, a prestigious ranking that celebrates influential figures across business, entertainment, politics, philanthropy, and policymaking. This year, three Indian women have made their mark on the global stage with remarkable achievements in their respective fields. […]
Free Trade Agreement (FTA)
Free Trade Agreement (FTA): The External Affairs Minister stated that India is taking a cautious approach to FTAs to protect farmers and MSMEs, as discussed at the Bharat@100 Summit by ASSOCHAM. Free Trade Agreements are comprehensive trade deals between two or more countries, aimed at reducing or eliminating trade barriers such as tariffs and import/export […]
Specialised Investment Fund
Specialised Investment Fund: SEBI has introduced a new asset class called Specialised Investment Fund (SIF). It is designed for informed investors willing to take on riskier investments. Specialised Investment Fund (SIF) bridges the gap between mutual funds (MFs) and portfolio management services (PMS). It requires a minimum investment of Rs 10 lakh, with lower thresholds […]
Loan Write-Offs by Banks
Loan Write-Offs by Banks: A large-scale loan write-off by banks over the past few years has contributed to a significant reduction in non-performing assets (NPAs).As a result, banks have achieved a 12-year low NPA ratio of 2.8% of advances by March 2024.Between FY2015 and FY2024, Indian commercial banks wrote off loans amounting to Rs 12.3 […]
RBI Enhances Collateral-Free Loan for Farmers
RBI Enhances Collateral-Free Loan for Farmers: The Reserve Bank of India (RBI) has increased the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh to support small and marginal farmers amidst rising input costs.Over 86% of farmers, primarily small and marginal landholders, are expected to benefit.Includes loans for allied agricultural activities, […]
State Fiscal Prudence
State Fiscal Prudence: The Reserve Bank of India (RBI) released its report on state finances, highlighting the fiscal performance of Indian states.Gross Fiscal Deficit (GFD): States contained GFD within 3% of GDP in 2022-23 and 2023-24; budgeted at 3.2% for 2024-25. Revenue Deficit: Limited to 0.2% of GDP in 2023-24. Capital Expenditure: Increased from 2.4% […]
