Prospect Theory
Indian Institute of Technology Madras (IIT Madras) researchers recently devised a mathematical model on contract farming to predict farmers’ delivery of commodities using a decision-theoretic framework based on the ‘Prospect…
Countervailing Duty (CVD)
The finance ministry is considering a proposal to impose a countervailing duty on steel imports from China. About Countervailing duty (CVD): It is a specific form of duty that the government imposes to protect…
Export-Import Bank of India (EXIM Bank)
MD of EXIM Bank of India recently said that India’s future Lines of Credit (LoCs) to Africa could focus on defence exports to meet the requirements of the continent. About…
Execution-only platform (EOP)
Recently, the Securities and Exchange Board of India (SEBI) issued a circular, creating a new category of intermediaries called execution-only platforms (EOPs). About Execution only platform (EOP) It is a digital…
Insolvency and Bankruptcy Board of India (IBBI)
Insolvency regulator, IBBI, proposes to stipulate mandatory audit of Insolvency Resolution Process Costs (IRPC) in resolution cases where the assets of the corporate debtor (CD) is in excess of ₹…
New Development Bank (NDB)
Honduras President recently requested the country’s admission to the BRICS-led New Development Bank (NDB). About New Development Bank (NDB): NDB, formerly referred to as the BRICS Development Bank, is a multilateral development…
Politics and Economics of MSP
Recently, the Union government announced the MSPs (minimum support prices) for 17 crops in this year’s Kharif season. Key details: MSPs play a very significant role not just for India’s farmers and the farm economy but also…
Need for a Universal Basic Income
At an interaction organised by the Confederation of Indian Industry (CII), the Chief Economic Advisor V Anantha Nageswaran has mentioned that the concept of ‘Universal Basic Income (UBI)’ is not necessary for India since natural…
Sagar Samriddhi
The Union Minister of Ports, Shipping, and Waterways recently launched an online dredging monitoring system called “Sagar Samriddhi”. About Sagar Samriddhi: It is an online dredging monitoring system. The new system aims…
Direct Seeded Rice (DSR) method
The Punjab Government has set a target of five lakh acres to be sown under the direct seeded rice (DSR) method of paddy cultivation this kharif season. About the Direct…
RBI’s bi-monthly monetary policy review
In the release of Reserve Bank of India (RBI’s) bi-monthly monetary policy review report, the interest rates remains constant for the second consecutive time this year. Significance of the move: The constant interest rates…
RuPay Card
Recently, the Reserve Bank of India (RBI), in a bid to broaden the scope of RuPay cards has decided to permit banks to issue RuPay Prepaid forex cards to customers…
First Loss Default Guarantee (FLDG)
The Reserve Bank of India (RBI) has recently granted its approval for First Loss Default Guarantee (FLDG) framework. About First Loss Default Guarantee (FLDG): What is it? FLDG is a lending model…
Financial Services Institution Bureau (FSIB)
Recently, the Financial Services Institution Bureau (FSIB) has selected new chiefs for the General Insurance Corporation of India (GIC Re) and National Insurance Company (NIC). About Financial Services Institution Bureau (FSIB):…
Pension Fund Regulatory and Development Authority (PFRDA)
Pension Fund Regulatory and Development Authority (PFRDA) Chairman recently said that a pension scheme with minimum assured returns is in the works by the PFRDA, which may entail higher premium…
Trade Receivables Discounting System (TReDS) Platform
The Reserve Bank on Wednesday expanded the trade receivables discounting system (TReDS) by permitting insurance companies to function as participants. About Trade Receivables Discounting System (TReDS) platform: It is an electronic…
Price Support Scheme (PSS)
Recently, in a significant step towards enhancing domestic production of pulses, the government of India has removed the procurement ceilings of 40% for tur, urad and Masur under Price Support…
Securities Appellate Tribunal
Recently, the Securities Appellate Tribunal (SAT) quashed the order passed by the Securities and Exchange Board of India (SEBI) cancelling Brickwork Ratings’ licence as a credit rating agency. About Securities…
Prepaid Payment Instrument (PPI)
Recently, a committee set up to review the Customer Service Standards in RBI Regulated Entities has recommended that the central bank should examine the extension of Deposit Insurance and Credit…
Peer-to-Peer (P2P) lending
After digital payments and digital lending, the Reserve Bank of India is looking closely at platforms that facilitate direct, or peer-to-peer (P2P), lending between individuals. About Peer-to-Peer (P2P) lending: It…