“SWAMIH Fund” Completes First Residential Project

What is the News? The government of India’s SWAMIH (Special Window for Affordable & Mid-Income Housing) Fund has completed its first residential project in Mumbai. About SWAMIH Fund: Firstly, SWAMIH Fund is a government-backed investment fund set up in the year 2019. Secondly, Purpose: The formation of fund happened to provide relief to developers that… Continue reading “SWAMIH Fund” Completes First Residential Project

SEBI’s “Business Responsibility and Sustainability Report” norms mandate ESG overview

What is the News? Securities and Exchange Board of India(SEBI) has issued a circular notifying new disclosure norms on sustainability-related reporting for the top 1,000 listed companies. The new reporting will be called the Business Responsibility and Sustainability Report (BRSR). It will replace the existing Business Responsibility Report (BRR). Background: In 2012, SEBI had introduced… Continue reading SEBI’s “Business Responsibility and Sustainability Report” norms mandate ESG overview

The pandemic won’t impact India’s “credit rating” for 2 years – Standard & Poor(S&P)

What is the News? Standard & Poor’s Global Credit Ratings has organized a webinar titled “What A Drawn Out Second Covid Wave Means For India”. During that, the S&P clarified that the pandemic won’t impact the ‘BBB-‘ rating of India for 2 years.  What are the key outcomes of the webinar? An increase in coronavirus… Continue reading The pandemic won’t impact India’s “credit rating” for 2 years – Standard & Poor(S&P)

SEBI technical group submits report on “Social Stock Exchanges(SSE)”

What is the News? A technical group on Social Stock Exchanges (SSEs), constituted by the Securities and Exchange Board of India (SEBI) has submitted its report.  About Social Stock Exchange(SSE): Social Stock Exchange(SSE) is a platform that allows investors to invest in select social enterprises or social initiatives. Social Enterprise is a revenue-generating business. The… Continue reading SEBI technical group submits report on “Social Stock Exchanges(SSE)”

New SEBI circular for “fund manager compensation”

What is the News? Securities and Exchange Board of India(SEBI) has issued a new circular on regulating fund manager and key personnel compensation. About the Circular: The circular says that a minimum of 20% of the salary of mutual fund managers and other key personnel in an asset management company (AMC) should be in the… Continue reading New SEBI circular for “fund manager compensation”

Rupee depreciation and its management

Synopsis: Rupee depreciation and its impact and solutions to protect from currency volatility risks. Background of Rupee depreciation Recently, the rupee fell sharply by 105 paise. It is considered as one of the biggest single-session falls in 20 months. Currently, the rupee stands at 74.47 against the US dollar. What are the reasons for rupee… Continue reading Rupee depreciation and its management

Finance Minister launched “Central Scrutiny Centre” and “IEPFA App”

What is the news? The Finance Minister has virtually launched the Central Scrutiny Centre(CSC). She also launched the mobile app for the Investor Education and Protection Fund Authority(IEPFA).  About Central Scrutiny Centre: Central Scrutiny Centre is an initiative of the Ministry of Corporate Affairs. It aims to scrutinize the forms filled by companies under straight-through… Continue reading Finance Minister launched “Central Scrutiny Centre” and “IEPFA App”

National Bank for Financing Infrastructure and Development Act, 2021

Introduced: The Bill was introduced in Lok Sabha on 22/03/2021 as a Government Bill (Ministry of Finance, Corporate Affairs and Information & Broadcasting). Present Status: The Bill was passed in both the Houses and received President’s assent on 28.03.2021. About National Bank for Financing Infrastructure and Development (NBFID) Act,2021 Aim: The Act seeks to establish… Continue reading National Bank for Financing Infrastructure and Development Act, 2021

Government announced “Single Security Market Code”

What is the news? Government has announced the setting up of a Single Security Market Code. Coverage: It will consolidate the provisions of SEBI Act,1992, Depositories Act, 1996, Securities Contracts (Regulation) Act,1956, and Government Securities Act,2007. Impact: This move will improve the ease of doing business in the country’s financial markets. Moreover, it will cut… Continue reading Government announced “Single Security Market Code”

India’s Sovereign Ratings don’t reflect its fundamentals

Source: Indian Express, The Hindu Gs3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Synopsis: The Economic Survey 2020-21 concludes that sovereign credit ratings are biased, and they do not reflect the Indian economy’s fundamentals. Background: Currently, India’s sovereign rating is rated under a very low investment grade. Though it… Continue reading India’s Sovereign Ratings don’t reflect its fundamentals