Central Bank Digital Currency (CBDC): The Reserve Bank of India has been working on a phased implementation strategy for a CBDC and the pilot may be launched by the end of this year. The financial advisory services firm has listed four major use cases of CBDC in the Indian context. This includes: ‘Fit-for-purpose’ money used […]
Category: Economics Current Affairs
Single Window System For Investors
Single Window System For Investors: The Ministry of Commerce and Industry has launched the national single window system for investors and businesses to improve Ease of Doing Business (EoDB). India was placed at 63rd position in the World Bank’s ease of doing business report, 2020 out of 190 countries. Recently, the World Bank has decided […]
FDI Inflows India April-July 2021-22
FDI Inflows: Foreign Direct Investment (FDI) inflows grew 62% during the first four months (April-July period) of current FY 2021-22 over corresponding period last year (2020). India attracted a total FDI inflow of USD 27.37 billion during the four months. In the FY 2020-21, India saw growth of 10% (to $82 bn) in FDI. FDI […]
Climate-Induced Migration And Modern Slavery
Climate-Induced Migration And Modern Slavery: International Institute for Environment and Development (IIED) and Anti-Slavery International released a report named Climate-Induced Migration and Modern Slavery. IIED is a policy and action research organisation promoting sustainable development and linking local priorities to global challenges. It is based in London, UK. Anti-Slavery International is the world’s oldest international […]
Comprehensive Economic Partnership Agreement (CEPA)
Comprehensive Economic Partnership Agreement (CEPA): India and UAE’s Commerce Minister have formally launched negotiations on the India-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA). The first round of CEPA negotiations will be held on 23-24 September 2021. CEPA will create new jobs, raise living standards, and provide wider social and economic opportunities in both nations. […]
45th GST Council Meeting: Important Points
45th GST Council Meeting: The 45th Goods and Services Tax (GST) Council meeting was held. Extension of Concessional GST Rates: The Council decided to extend the GST relief on several drugs related to Covid-19 treatment till December 2021. Food Delivery Apps to Collect GST: Online food delivery aggregator firms such as Swiggy and Zomato will […]
IPO Grey Market
Grey Market: There were few articles recently mentioning about Grey Market. Traders are interested in grey market stocks because it can be a way of taking advantage of movements in the company’s share price before it has actually listed. Also, any activity is usually taken as an indicator for the direction the stock price will […]
Front-Of-Pack Labelling
Front-Of-Pack Labelling: The Food Safety and Standards Authority of India (FSSAI), in 2018, released the Draft Food Safety And Standards (Labelling And Display) Regulation. However, even after so many expert panel recommendations and regulations, India still does not have a clear labelling or Front-of-pack (FoP) Labelling System, which can warn consumers about harmful levels of […]
NARCL: India’s Bad Bank
Bad Bank: The Union Cabinet on Monday approved Rs 30,600 crore government guarantee for the National Asset Reconstruction Company (NARCL), thereby paving the way for operationalisation of bad bank. One of the key ideas behind formation of bad banks is to de-stress the balance sheets of the banks. A bad bank is a corporate structure […]
What Is a Green Bond?
What Is a Green Bond? Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully issued its first ever Euro Green Bonds. It is the first ever Euro denominated Green bond issuance from India. Moreover, it is the first ever Euro issuance by an Indian NBFC and the first Euro bond issuance […]
