Application Supported By Blocked Amount: SEBI The Securities and Exchange Board of India (Sebi) gave details of a proposed framework for shifting to a new payments system for secondary market trades. Application Supported by Blocked Amount (ASBA)process is developed by SEBI to apply for IPOs, Rights and Debts Issues, FPS and more. It entails that […]
Category: Economics Current Affairs
Bharat Pravah-India Along Its Shores Initiative
Bharat Pravah-India Along Its Shores Initiative: The Ministry of Shipping, Waterways, and Ports has launched ‘Bharat Pravah-India along its Shores’, an initiative to highlight the significance and imagery of rivers, ports, and shipping in everyday life through a series of nationwide events. Kochi, Vizhinjam in Kerala and Galathea Bay ports in Andaman Nicobar Islands have […]
Spot Bellied Eagle Owl : Spotted In Seshachalam Forest Of Andhra Pradesh
Spot Bellied Eagle Owl : Spotted In Seshachalam Forest Of Andhra Pradesh Spot Bellied Eagle Owl was recently spotted in Seshachalam forest of Andhra Pradesh for the first time. Spot Bellied Eagle Owl: Scientific name: Bubo nipalensis Spot Bellied Eagle Owl is also known as the forest eagle-owl. They are large, very powerful and bold […]
State Finances: A Study Of Budgets Of 2022-23
State Finances: A Study Of Budgets Of 2022-23 The Reserve Bank of India (RBI) has released a report stating that the Gross Fiscal Deficit (GFD) of states is expected to decrease to 3.4% of Gross Domestic Product (GDP) in 2022-23, from 4.1% in 2020-21. This is due to a broad-based economic recovery and an increase […]
PARAKH : National Assessment Regulator
PARAKH : National Assessment Regulator The National Council for Education Research and Training (NCERT) has notified India’s first national assessment regulator, PARAKH (Performance Assessment, Review, and Analysis of Knowledge for Holistic Development), which aims to set up assessment guidelines for all boards. PARAKH has been launched as part of the implementation of the National Education […]
Mutual Fund Systematic Investment Plan (SIP) : Increase In Collection (2022)
Mutual Fund Systematic Investment Plan (SIP) : Increase In Collection (2022) Mutual Fund’s SIP collection jumps 31% to ₹1.5 lakh cr. in 2022 on account of higher retail participation, data with the Association of Mutual Funds in India (AMFI) showed. Contributions to mutual fund schemes through systematic investment plans, or SIPs, remain unfazed from the […]
Ceiling Fans: Mandatory Star Labelling
Ceiling Fans: Mandatory Star Labelling Ceiling fans have come under the ambit of mandatory star labelling from January 1, as per the revised Bureau of Energy Efficiency (BEE) norms. As high energy-efficient five-star rated fans will require new imported motors and electronic components, they would get costlier by 8% to 20% Star labelling denotes energy […]
Reports On Child Mortality And Stillbirths
Reports On Child Mortality And Stillbirths: Two global reports on child mortality (Levels and Trends in Child Mortality) and stillbirths (Never Forgotten) were released by United Nations Inter-agency Group for Child Mortality Estimation (UN IGME). Findings of the Report: Globally, 5 million children died before their fifth birthday (under-five mortality) in 2021. Over half of […]
India Forex Reserves : Highlights
India Forex Reserves : Highlights After 3 consecutive years of rise, India’s forex reserves declined by $70 bn in 2022 on account of rising inflation and interest rates. This decline can be primarily about 55-60% of total loss attributed to the valuation loss of other foreign currencies (€, £, ¥) against USD that India held […]
New Umbrella Entity (NUE) Network : RBI
New Umbrella Entity (NUE) Network : RBI RBI is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned as a rival to the National Payments Corporation of India (NPCI). Six groupings, which included Facebook, Google, Amazon, Flipkart and others, had applied for NUE licences, but none […]
