Capital Account Convertibility: To stay “future-ready” for India’s fast-growing economy, the Reserve Bank of India (RBI) has set aspirational goals: capital account liberalization, internationalization of the Indian rupee (INR), universalizing digital payments, and globalizing India’s financial sector over a multi-year timeframe. Capital Account Convertibility: Balance of Payments Account: It is a statement of all transactions […]
Tag: 8th Jun 2024
GNSS-Based Electronic Toll Collection (ETC) System
GNSS-Based Electronic Toll Collection (ETC) System: NHAI has invited expressions of interest (EoIs) from around the world for the implementation of GNSS-based (satellite-based) electronic toll collection to provide a seamless and barrier-free tolling experience for National Highways users. GNSS-based Electronic Toll Collection (ETC) system is a barrier-free method of electronic toll collection that uses Global […]
NaturAfrica Initiative
NaturAfrica Initiative: The European Commission (EC) has removed Tanzania from the list of countries eligible for its 18 million Euro conservation grant to be launched in East Africa as part of its NaturAfrica initiative. NaturAfrica initiative is a European Union (EU) program aimed at supporting biodiversity conservation in Africa through a people-centred approach. It identifies […]
Sticky Inflation
Sticky Inflation: Sticky inflation has dashed the hopes of early rate cuts with experts now pencilling in repo rate cuts by the RBI from December this year. Economists expect a shallow rate cut cycle with RBI likely to lower the repo rate by 75 – 100 basis points. Sticky Inflation refers to a phenomenon where […]
Pump And Dump Scheme In The Stock Market
Pump And Dump Scheme In The Stock Market: The Securities Exchange Board of India’s (SEBI) recently slapped a fine of Rs 7.75 crore on 11 individuals for allegedly operating a ‘pump and dump’ scheme. Pump and Dump Scheme is a type of manipulation activity that involves artificially inflating the price of a stock through false […]
Foreign Exchange Management Act (FEMA), 1999
Foreign Exchange Management Act (FEMA), 1999: RBI is planning to rationalise the Guidelines for Export and Import of Goods and Services under the Foreign Exchange Management Act (FEMA), 1999. Foreign Exchange Management Act (FEMA), 1999 came into force on June 1, 2000, as a successor to the Foreign Exchange Regulation Act, or FERA, of 1973, […]
World Wealth Report 2024
World Wealth Report 2024: The number of high-net-worth individuals (HNWI) in India increased by 12.2% in 2023 compared to 2022 as per the Capgemini Research Institute’s World Wealth Report 2024. World Wealth Report 2024 is released by the Capgemini Research Institute. It covers 71 countries, accounting for more than 98% of global gross national income […]
Placental Mammals : Study
Placental Mammals: Study New research from Stockholm University shows that the typical mammalian heater organ, brown fat, evolved exclusively in modern placental mammals. A placental mammal is an animal that has a placenta. The placenta is a vascular organ formed during gestation of female mammals (except for monotremes and marsupials), built up of maternal and […]
Arun-III Hydro Power Project
Arun-III Hydro Power Project: The 900 MW Arun III Hydropower Project in eastern Nepal, constructed with Indian assistance, recently achieved a significant milestone with a tunnel breakthrough. Arun-III Hydro Power Project is a 900 MW run-of-the-river hydropower project being constructed on the Arun River in Sankhuwasabha District of Eastern NEPAL. Arun is a tributary of […]
Standard Missile 6 (SM-6)
Standard Missile 6 (SM-6): The US SM-6 missiles are hogging the headlines again after photographs of a US Navy F/A-18 Super Hornet appeared carrying an air-launched variant of the SM-6, or the RIM-174 missile. Standard Missile 6 (SM-6) is a multi-mission missile capable of anti air warfare, terminal ballistic missile defense, and anti ship strike […]
