Distressed banks: Deposit insurance payout within 90 days gets approval

Source: Indian Express What is the News? The Union Cabinet has approved amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961. What are the amendments approved?  Faster Process: The depositors will be provided funds up to Rs 5 lakh within 90 days in the event of a bank coming under the moratorium… Continue reading Distressed banks: Deposit insurance payout within 90 days gets approval

Centre launches Secured Logistics Document Exchange and Calculator for GreenHouse Gas Emissions Initiatives

Source: PIB What is the News? Government of India has launched the Secured Logistics Document Exchange Initiative along with a Calculator for GreenHouse Gas Emissions Initiative.  About Secured Logistics Document Exchange(SLDE) Initiative: SLDE platform is a solution that aims to replace the present manual process of generation, exchange and compliance of logistics documents with a… Continue reading Centre launches Secured Logistics Document Exchange and Calculator for GreenHouse Gas Emissions Initiatives

International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021

Source: PIB What is the News? International Financial Services Centres Authority (IFSCA) has released the proposed IFSCA (Capital Market Intermediaries) Regulations, 2021. The regulations provide for regulatory requirements in respect of registration, obligations and responsibilities of various types of capital market intermediaries.  About IFSCA: International Financial Services Centres Authority (IFSCA) was established in 2020 under… Continue reading International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021

NITI Aayog and IEA launch ‘Renewables Integration in India 2021’

Source: PIB What is the News? The International Energy Agency(IEA) in association with NITI Aayog has released a report titled “Renewables Integration in India 2021”. About Renewables Integration in India 2021 Report: India’s Demand For Energy: India is the third largest energy-consuming country in the world. Also, India has made significant progress towards its universal… Continue reading NITI Aayog and IEA launch ‘Renewables Integration in India 2021’

Gig economy can boost jobs for women

Source: Livemint What is the News? According to a study by UNDP and FICCI, the rise of the gig economy has the potential to boost women’s employment in formal jobs. Key Findings of the Study: The rise of the gig economy following the coronavirus outbreak has the potential to boost women’s employment in formal jobs.… Continue reading Gig economy can boost jobs for women

AGR Case: SC dismisses plea for recomputation of dues

Source:   Live Mint What is the news? SC dismisses plea by Bharti Airtel, Vodafone Idea seeking direction for correction of errors in Adjusted Gross Revenue (AGR) calculation. What is the issue? In 2005, the Cellular Operators Association of India (COAI) challenged the government’s definition for AGR calculation. The Supreme Court in 2019 upheld the definition… Continue reading AGR Case: SC dismisses plea for recomputation of dues

It’s time for digital currency to counter crypto, says RBI

Source: TOI What is the news? The Reserve Bank of India (RBI) has said that it is working towards a phased implementation strategy for its digital currency (i.e. Central Bank Digital Currency). Central banks across the world have drawn up plans to launch their digital currency to battle cryptocurrencies. China has said that its e-CNY… Continue reading It’s time for digital currency to counter crypto, says RBI

Cabinet approves establishment of an Integrated Multi-purpose Corporation for Ladakh

Source: PIB What is the News? The Union Cabinet has approved the establishment of Integrated Multi-purpose Infrastructure Development Corporation for the Union Territory of Ladakh. Background: After the re-organisation of the erstwhile State of Jammu and Kashmir as per the Jammu and Kashmir(J&K) Reorganisation Act, 2019, the Union Territory of Ladakh (without Legislature) came into… Continue reading Cabinet approves establishment of an Integrated Multi-purpose Corporation for Ladakh

India tough place for business: US report

Source: TOI What is the News? The US State Department has released a report titled ‘2021 Investment Climate Statements: India’. Key Findings of the Report: India remains a challenging place to do business despite taking up many reforms and improving its position in the ease of doing business index. This is because: Protectionist Measures: New… Continue reading India tough place for business: US report

India breaks into the top 10 list of agri produce exporters

Source: Livemint What is the News? The World Trade Organization(WTO) has released a report on the trends in World Agricultural Trade in the past 25 years. Key Findings of the Report:  Agricultural Exports: India has entered into the top 10 list of agricultural produce exporters in 2019 with a sizable share in the export of… Continue reading India breaks into the top 10 list of agri produce exporters