Inequality Virus Report by Oxfam International: The Inequality Virus Report, released by Oxfam International, has found that the Covid pandemic deeply increased the existing inequalities in India and around the world. The report states that Covid has the potential to increase economic inequality in almost every country at once – the first time this has […]
Category: Economics Current Affairs
What are Green Bonds? Recent Development
Green Bonds: As per a recent study by the Reserve Bank of India (RBI), the cost of issuing green bonds has generally remained higher than other bonds in India, largely due to asymmetric information. Green Bonds: A green bond is a debt instrument with which capital is being raised to fund ‘green’ projects, which typically […]
Company Law Committee Recommendation on Limited Liability Partnership (LLP)
Limited Liability Partnership (LLP): The Company Law Committee (CLC) has recommended that 12 offences under the Limited Liability Partnership (LLP) Act 2008 be decriminalised and that LLPs be allowed to issue Non-Convertible Debentures (NCDs) to raise funds with the aim of improving ease of doing business for LLP firms. The Company Law Committee (CLC) was […]
PLI Scheme: For Drug Intermediates and APIs
PLI Scheme: Approval accorded under PLI Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs). Indian pharmaceutical industry: It is the 3rd largest in the world by volume. It has high market presence in several advanced economies such as the US and EU. The industry […]
4-Tier Structure for Regulation of NBFCs – Proposal by RBI
4-Tier Structure for Regulation of NBFCs: The Reserve Bank of India (RBI) has proposed a tighter regulatory framework for Non-Banking Financial Companies (NBFCs) by creating a four-tier structure with a progressive increase in the intensity of regulation. It has also proposed the classification of Non-Performing Assets (NPAs) of base layer NBFCs from 180 days to […]
1st National Conference of States on Logistics
1st National Conference of States on Logistics: Union Minister of Commerce & Industry Piyush Goyal addressed the 1st National Conference of States on Logistics. He said that National Logistics Policy, which is under consultation, along with the National Logistics Council and State Logistics Coordination Committee, will work as a template for better coordination and integrated […]
Who Are Shadow Entrepreneurs?
Shadow Entrepreneurs: There has been a global rise of shadow entrepreneurship, in various sectors such as education (certificates), finance (for easy loans), the betting economy (online games) and healthcare (e-pharmacies). Shadow entrepreneurs are individuals who manage a business that sells legitimate goods and services but they do not register their businesses. This means that they […]
Systemically Important Banks (SIBs)
Systemically Important Banks (SIBs): The Reserve Bank of India (RBI) has retained State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs) or banks that are considered as “too big to fail”. Systemically Important Banks (SIBs): Some banks, due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness, […]
Insolvency and Bankruptcy Code : Constitutional Validity
Constitutional Validity of the Insolvency and Bankruptcy Code The Supreme Court (SC) has upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC) (Amendment) Act, 2020. In its August 2019 order, the SC had upheld the government decision to grant home-buyers the status of financial creditors. Financial creditor: It means any person to whom […]
