SGBS Unnati Foundation became the first entity to list on the social stock exchanges (SSE) on 13 December 2023. Key points Zero Coupon Zero Principal (ZCZP)
Category: Economy
Producer Price Index (PPI)
India is planning to move from the Wholesale Price Index to Producer Price Index (PPI) in future as most of the G20 countries follow this practice. About Producer Price Index (PPI)
Sebi likely to allow non-convertible debentures with lower face value
The Securities and Exchange Board of India (Sebi) has proposed the issuance of non-convertible debentures (NCDs) or non-convertible redeemable preference shares (NCRPS) with a face value of Rs 10,000, down from the current minimum issuance value of Rs 1 lakh. Read More …
Interest Equalisation Scheme
The Union Cabinet has approved an additional allocation of Rs 2500 Cr for continuation of Interest Equalisation Scheme till 30th June 2024.
Central Repository of Information on Large Credits (CRILC)
Central Repository of Information on Large Credits (CRILC) has reported 2623 wilful defaulters in the country as on March 2023, with borrowings of over one lakh 96 thousand crore rupees from Scheduled Commercial banks. Key points
Peer-to-peer (P2P) lending
The Reserve Bank of India (RBI) has told peer-to-peer lending platforms to halt certain activities after inspections found rule violations and misleading sales practices. About P2P lending
First tranche e-auction of Critical & Strategic Minerals
The first tranche e-auction of Critical & Strategic Minerals was launched by the Union Government on 29th November, 2023. A total of 20 critical mineral blocks were auctioned in the first tranche. Key points
RBI and BoE sign MoU related to Clearing Corporation of India Ltd (CCIL)
The Reserve Bank of India (RBI) and Bank of England (BoE) on 1 December 2023 signed a memorandum of understanding (MoU) on cooperation and exchange of information related to Clearing Corporation of India Ltd (CCIL). Key facts
Pressmud
Pressmud is a residual byproduct in the sugar industry often known as filter cake or press cake. It has been acknowledged as a valuable resource for green energy production. Key points
Indian Ocean Tuna Commission
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying is organizing the 19th Working Party on Data Collection and Statistics (WPDCS19) of the Indian Ocean Tuna Commission (IOTC) from 28th November to 2nd December 2023. The Indian Ocean Read More …
RBI supersedes Abhyudaya Bank board
The Reserve Bank of India (RBI) on 24th November superseded the board of Mumbai-based Abhyudaya Cooperative Bank for a year, citing material concerns owing to poor governance standards. Key points
Cyprus wins trademark case against Indian firm over Halloumi
Cyprus successfully restrained an Indian entity from getting Halloumi registered as a trademark in India. The office of the Trade Marks Registry on 20 November 2023 passed the order treating company’s application as abandoned. About Halloumi Trademark
Basic Animal Husbandry Statistics 2023
Union Ministry of Fisheries, Animal Husbandry & Dairying released the Basic Animal Husbandry Statistics 2023 (milk, egg, meat and wool production 2022-23) based on Animal Integrated Sample Survey (March 2022-February 2023) during the National Milk Day event at Guwahati on Read More …
India becomes Chair of International Sugar Organisation (ISO) for 2024
In its 63rd council meeting, International Sugar Organisation (ISO), headquartered in London, has announced India to be the Chair of the organisation for 2024. Key points
What is a special category status (SCS)?
On 22 November, the Bihar Cabinet passed a resolution seeking grant of Special Category Status (SCS) to Bihar. What is a special category status (SCS)? SCS criteria To be able to get the special category status, states have to fulfill Read More …