India’s Trade Receivables E-discounting System (TrEDs) platforms are drawing up plans to on-board as many as a million micro, small, and medium enterprises (MSMEs) over the next couple of years. About TReDS TReDS is an online platform set up to Read More …
Category: Economy
Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program
The Government of India and the Asian Development Bank (ADB) has signed a $350 million policy-based loan under the second subprogram of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program. KEY POINTS
Minimum Support Price (MSP) for Copra for 2025 season
The Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Price (MSP) for copra for 2025 season. KEY POINTS
Past Risk and Return Verification Agency (PaRRVA)
Capital markets regulator Securities and Exchange Board of India (SEBI) has announced setting up of a performance validating agency called Past Risk and Return Verification Agency (PaRRVA). PaRRVA shall carry out the verification of risk-return metrics for Investment Advisors (IAs), Read More …
Credit Guarantee Scheme for e-NWR-Based Pledge Financing
The Union Government on December 16 launched the ‘Credit Guarantee Scheme for e-NWR-Based Pledge Financing.’ Under this scheme, farmers will now be able to get a loan through their produce. Key features of scheme This scheme provides a corpus of Read More …
SBI chief to head panel to recommend fresh list of accounts for NARCL
The Department of Financial Services (DFS) has set up a committee under SBI Chairman C.S. Setty to address the hurdles faced by the National Asset Reconstruction Company Limited (NARCL), commonly known as the Bad Bank. About NARCL (Bad Bank): NARCL came Read More …
Jalvahak Scheme
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal unveiled a major policy for cargo promotion – ‘Jalvahak’ – incentivising movement of long haul cargo via National Waterways (NW) on rivers Ganga, Brahmaputra and Barak. Jalvahak scheme incentivises long-haul cargo Read More …
Switzerland suspends ‘most favoured nation’ status to India
Switzerland has announced the suspension of the Most Favored Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, effective January 1, 2025. This decision will increase the withholding tax rate on dividends paid to Indian tax residents Read More …
What is Algo trading?
The Securities and Exchange Board of India (SEBI) has proposed a significant move to allow retail investors to engage in algorithmic (algo) trading. What is Algo trading? Algo trading is a system that utilizes computer algorithms to execute programmed orders Read More …
Cess and Surcharge
Some states have complained to the 16th Finance Commission that the Centre is increasingly taking recourse to cess and surcharge to circumvent its recommendations on tax devolution. Constitutional Basis: Distinctions Between Taxes, Cess, and Surcharge: Aspect Taxes Cess Surcharge Purpose Read More …
FDI inflows into India cross $1 trillion
Foreign Direct Investment (FDI) inflows into India from April 2000 to September 2024 have soared to the $1,033.40 billion mark (USD one trillion), according to figures compiled by the Department for Promotion of Industry and Internal Trade (DPIIT). Key points Read More …
Sanjay Malhotra appointed 26th Governor of RBI
Sanjay Malhotra has been appointed as the 26th Governor of the Reserve Bank of India (RBI). His tenure will begin on December 11, 2024, and will last for three years. A 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan Read More …
EPFO services win ISSA-Good Practice Award
India has bagged International Social Security Association’s (ISSA) ‘Good Practice Award’ for Asia and Pacific for this year for five services provided by Employees’ Provident Fund Organisation (EPFO).
RBI launches MuleHunter to mitigate digital frauds
The Reserve Bank of India (RBI) has announced the introduction of Artificial Intelligence (AI), Machine Learning (ML) based model namely MuleHunter.AI. Key points The initiative aims to prevent and mitigate digital frauds through the use of mule accounts. It is Read More …
Lok Sabha passes Banking Laws (Amendment) Bill, 2024
The Lok Sabha on December 3, 2024 passed the Banking Laws (Amendment) Bill, 2024. Key provisions It allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining ‘substantial interest’ for directorships, Read More …