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Financial Action Task Force : In News

Financial Action Task Force : In News India will host the FATF Private Sector Collaborative Forum 2025 in Mumbai, addressing global priorities such as payment transparency, financial inclusion, and digital financial system transformation. FATF is an intergovernmental policy-making and standard-setting body dedicated to combating money laundering and terrorist financing. Objective is to establish international standards […]

IndusInd Bank reported derivative losses of ₹2,100 crore on March 10, 2025, leading to a 23% decline in its share price.

IndusInd Bank reported derivative losses of ₹2,100 crore on March 10, 2025, leading to a 23% decline in its share price: Financial contracts whose value depends on an underlying asset, index, or rate . It is Used for hedging risks, speculation, and portfolio diversification. Common underlying assets: Stocks, bonds, commodities, currencies, interest rates, and market […]

India recently has imposed anti-dumping duty on five Chinese goods

India recently has imposed anti-dumping duty on five Chinese goods: India recently has imposed anti-dumping duty on five Chinese goods, including vacuum flasks and aluminium foil.Anti-Dumping Duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process wherein a company […]

Inner Line Permit

Inner Line Permit: Indian Railways likely to shelve projects in Meghalaya due to local opposition.The Inner Line Permit (ILP) system, originally an offshoot of the Bengal Eastern Frontier Regulation (BEFR), 1873, remains a crucial tool for protecting indigenous tribal communities in India’s Northeastern states.ILP is an official travel document issued by the state government to […]

Sixth round of India’s Remittances Survey 2023-24

Sixth round of India’s Remittances Survey 2023-24: Sixth round of India’s Remittances Survey 2023-24 by RBI shows that the US, UK, Singapore, Canada and Australia together accounted for more than half of remittances into India.India has consistently received the highest remittance over the years, with the money doubling from $55.6 billion in 2010-11 to $118.7 […]