The Securities and Exchange Board of India (SEBI) on November 14 came out with a detailed regulatory framework for Online Bond Platform Providers (OBPPs) that are selling listed debt securities. Key features of OBPP framework Why framework?
Category: Economy
US treasury secretary Yellen wants India in ‘friend-shoring’ list
US treasury secretary Janet Yellen on November 11 in New Delhi said that the US will pursue the ‘friendshoring’ approach of deepening economic integration with trusted trading partners like India to diversify away from countries that present geopolitical and security Read More …
RIL awarded India’s first multi-modal logistics park near Chennai
Ministry of Road Transport and Highways (MoRTH) has awarded the contract to set up the country’s first multimodal logistics park (MMLP) in Chennai to Reliance Industries. About Multi Modal Logistics Parks
US Treasury removes India from its Currency Monitoring List
The United States’ Department of Treasury has removed India along with Italy, Mexico, Thailand and Vietnam from its Currency Monitoring List. Key points
RBI releases a report on Municipal Finances
The Reserve Bank of India has released a report on Municipal Finances which says that municipal corporations across India must explore ways to foster alternative and sustainable resource mobilisation through municipal bonds. Key highlights Sources of Municipal revenues
Centre formulates action plan to promote exports of millets and value-added products of millets
To promote shipment of nutri-cereals, the Ministry of Commerce and Industry through its apex agricultural export promotion body APEDA has prepared a comprehensive strategy to promote Indian millets exports across the globe commencing December 2022. About Millets
Market Infrastructure Institutions (MIIs)
A panel set up by SEBI wants Market Infrastructure Institutions (MIIs) such as exchanges, clearing houses and depositories to revamp their compliance and risk management structures to minimize governance lapses. Key points Some of the other recommendations are below: What Read More …
Self Reliant India (SRI) fund
The Self Reliant India (SRI) fund has committed to deploy Rs 5,000 crore, almost 50 per cent of its total corpus, in 38 private equity (PE) and venture capital (VC) firms. About Self Reliant India (SRI) fund
Union Finance Minister approves India’s First Sovereign Green Bonds Framework
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman approves the final Sovereign Green Bonds framework of India, a new tool for government borrowing. Key points What are Green bonds?
World Travel Market (WTM) 2022
Union Ministry of Tourism is participating at World Travel Market (WTM) 2022 from 7th to 9th November in London which is one of the largest international travel exhibitions. Key points
India Infrastructure Project Development Fund Scheme (IIPDF Scheme)
The Department of Economic Affairs (DEA), Ministry of Finance has notified Scheme for Financial Support for Project Development Expenses of PPP Projects – India Infrastructure Project Development Fund Scheme (IIPDF Scheme) on 03.11.2022.
In a two-decade first, currency in circulation (CIC) declines in Deepavali week
State Bank of India in its Ecowrap report stated that the currency in circulation (CIC) declined by ₹7,600 crore during Diwali week for the first time in 20 years. Key highlights of report
Russia emerges as the biggest exporter of pig iron to India
Russia has emerged the biggest exporter of pig iron to India for the April-September (H1) period of FY23. About Pig iron
Niveshak Didi: IPPB conducted India’s First Floating Financial Literacy Camp
India Post Payments Bank (IPPB) conducted India’s First Floating Financial Literacy Camp with an initiative called ‘Niveshak Didi’ to promote Financial Literacy ‘By the women, for the women’, in Srinagar, J&K on November 2. About India Post Payments Bank (IPPB) Read More …
Cabinet approves Nutrient Based Subsidy rates for Phosphatic and Potassic fertilizers for Rabi season 2022-23
The Union Cabinet has approved the per Kilogram rates of Nutrient Based Subsidy (NBS) for various Nutrients that is Nitrogen (N), Phosphorus (P), Potash (K) and Sulphar (S) for Phosphatic and Potassic (P&K) fertilizers for Rabi Season – 2022-23 (from Read More …