Book Launch Spotlight: ’75 Great Revolutionaries of India’: Rajya Sabha Deputy Chairman Harivansh Narayan Singh attended the launch of ’75 Great Revolutionaries of India,’ a book by MP Bhim Singh. Singh praised the work for highlighting lesser-known freedom fighters.
Category: Economics Current Affairs
T.V. Somanathan Appointed as New Cabinet Secretary
T.V. Somanathan Appointed as New Cabinet Secretary: Senior IAS Officer T.V. Somanathan has been appointed as the new Cabinet Secretary of India, succeeding Rajiv Gauba, whose term ends this month. Somanathan will begin his two-year tenure on August 30, 2024.
Continuous Clearing Of Cheques
Continuous Clearing Of Cheques: The Reserve Bank of India (RBI) has announced the implementation of Continuous Clearing of Cheques under the Cheque Truncation System (CTS), aimed at speeding up the cheque clearing process. Currently, CTS takes up to two working days to clear cheques. With the new system, cheques will be scanned, presented, and […]
Banking Laws (Amendment) Bill, 2024
Banking Laws (Amendment) Bill, 2024: A bill proposing changes to banking laws, including allowing up to four nominees for a bank account, was introduced in the Lok Sabha recently. The Banking Laws (Amendment) Bill, 2024, aims to strengthen banking governance, enhance reporting consistency to the Reserve Bank of India (RBI), and improve protection […]
Overnight Index Swap
Overnight Index Swap: The Deputy Governor of the Reserve Bank of India (RBI) said that RBI has been reviewing the investment limit for foreign investors in the Overnight Index Swap (OIS) market. Overnight Index Swap (OIS) is a derivative instrumentwhere returns under a fixed rate asset are swapped against a pre-determined published index of a […]
Investor Education And Protection Fund
Investor Education And Protection Fund: Union Finance Minister introduced the Banking Laws (Amendment) Bill, 2024 which proposes to enable the transfer of unclaimed dividends, shares and interest or redemption of bonds to the Investor Education and Protection Fund (IEPF). Investor Education and Protection Fund has been established under Section 205C of the Companies Act, 1956 […]
Yen Carry Trade
Yen Carry Trade: Major stock markets across the world experienced their sharpest decline in decades and the yen carry trade was one reason behind this decline. Yen carry trade is a trading strategy that involves borrowing at a low interest rate and investing in an asset that provides a higher rate of return. It is […]
Women Entrepreneurship Program
Women Entrepreneurship Program: The National Skill Development Corporation (NSDC) unveiled the Women Entrepreneurship Program to empower women entrepreneurs and spur economic growth. Women Entrepreneurship Program is designed to address the distinct challenges that women face when starting and growing businesses. This initiative aims to empower approximately 25 lakh women across India, providing them with the […]
Fully Accessible Route (FAR) : RBI
Fully Accessible Route (FAR) : RBI The Reserve Bank of India’s (RBI) recent decision to exclude new 14-year and 30-year government securities (G-Secs) from the Fully Accessible Route (FAR) may unsettle bond markets, potentially causing yield spikes for these securities. Experts warn that this exclusion could erode investor confidence, reduce participation, and increase yields due […]
Liquidity Coverage Ratio : RBI
Liquidity Coverage Ratio : RBI RBI recently issued the draft guidelines for banks on the Liquidity Coverage Ratio (LCR), essentially asking them to set aside higher stock of liquid securities as a buffer on deposits. Liquidity Coverage Ratio (LCR) refers to the proportion of highly liquid assets held by financial institutions to ensure that they […]
