Compulsorily Convertible Preference Shares: Insurance regulator IRDAI has rejected Fairfax proposal to convert the company’s holdings in compulsory convertible preferred shares (CCPS) issued by Go Digit Infoworks into equity shares. CCPS, or Compulsorily Convertible Preference Shares, are a key element of startup financing. It gives the assurance of a fixed rate of return plus the […]
Category: Economics Current Affairs
India’s Sovereign Green Bonds Framework
India’s Sovereign Green Bonds Framework: The Union Minister for Finance & Corporate Affairs has approved the final Sovereign Green Bonds Framework of India. Sovereign Green Bonds will be issued for mobilising resources for green projects. The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as elucidated by the Prime Minister at Conference […]
Amendments In Electoral Bond Scheme
Amendments In Electoral Bond Scheme: Weeks ahead of elections in certain states, the Central Government has amended the Electoral Bond Scheme. Amendments Made to the Scheme: Additional Period of 15 Days: Introduced a new para, stating that an additional period of fifteen days shall be specified by the Central Government in the year of general […]
National SC-ST Hub
National SC-ST Hub: The 5th meeting of High Powered Monitoring Committee (HPMC) under National SC-ST Hub scheme was chaired by Union Minister of Micro, Small and Medium Enterprises. Objective of National SC-ST Hub is to develop a supportive ecosystem for SC/ST entrepreneurs to achieve the mandated 4% procurement by the CPSEs from the SC/ST entrepreneurs […]
Niveshak Didi Initiative
Niveshak Didi Initiative: India Post Payments Bank (IPPB) conducted India’s First Floating Financial Literacy Camp with an initiative called ‘Niveshak Didi’ to promote Financial Literacy ‘By the women, for the women’, in Srinagar, J&K. Niveshak Didi Initiative is based on the ideology of women for women, as rural area women feel more comfortable to share […]
One Nation, One ITR Form
One Nation, One ITR Form: The Central Board of Direct Taxes (CBDT) has proposed a single income tax return (ITR) form for all taxpayers. There are seven kinds of ITR forms, which are used by different categories of taxpayers. According to the proposal, all taxpayers, barring trusts and non-profit organisations (ITR-7), will be able to […]
70th Foundation Day Of EPFO
70th Foundation Day Of EPFO: Union Minister for Labour & Employment, Environment, Forest & Climate Change, Shri Bhupender Yadav recently inaugurated the 70th Foundation Day of EPFO(Employees’ Provident Fund Organisation) It was established in 1952. It is under the administrative control of the Union Ministry of Labor and Employment. It is tasked to assist the […]
International Open Access Week-2022
International Open Access Week-2022: CSIR-NIScPR recently celebrated “International Open Access Week-2022”. International Open Access Week is celebrated worldwide to create awareness about the open access scholarly publishing among researchers and publishers. It is celebrated globally during the last full week of October. International Open Access Week is organized by SPARC in partnership with the Open […]
DISHA Meeting To Review Progress On Centrally Sponsored Schemes
DISHA Meeting To Review Progress On Centrally Sponsored Schemes: Union Minister Dr Jitendra Singh presides over a DISHA meeting to review progress on various Centrally Sponsored Schemes (CSS) being implemented in the Kishtwar district. Kishtwar in Jammu and Kashmir has emerged as North India’s power hub with a series of active power projects, in total […]
Goddess Lakshmi And Lord Ganesh On New Currency Notes
Goddess Lakshmi And Lord Ganesh On New Currency Notes: Delhi Chief Minister Arvind Kejriwal recently appealed to the Union government to print images of Goddess Lakshmi and Lord Ganesh on new currency notes for the country’s “economic prosperity. Section 22 of The Reserve Bank of India Act, 1934, gives RBI the “sole right” to issue […]
