The Reserve Bank of India (RBI) has launched ‘PRAVAAH’ portal which is a secure and centralised web-based portal for any individual or entity to seek authorisation, licence or regulatory approval on any reference made by it to the Reserve Bank.
Category: Economy
India has trade deficit with 9 of top 10 trading partners in 2023-24
According to official data released by the government, India has recorded a trade deficit with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, . Trade deficit is the difference between imports and exports. Impact Read More …
What is Tick Size?
The National Stock Exchange (NSE) has announced to reduce tick size — or the minimum price movement possible — to one paisa for the stocks below Rs 250.
Cost Inflation Index (CII)
The income tax department has notified the Cost Inflation Index for the current fiscal beginning April 2024, for calculating long-term capital gains arising from sale of immovable property, securities and jewellery.
RBI approves Rs. 2.11 lakh crore dividend payout to govt for 2023-24
The Reserve Bank of India (RBI) on May 22 approved a Rs. 2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The dividend payout was Read More …
Travel & Tourism Development Index 2024
India has climbed to the 39th position in the latest World Economic Forum’s “Travel & Tourism Development Index 2024”, as travel improves after the pandemic. Key points
Finternet
Multiple financial ecosystems interconnected with each other is called Finternet, much like the internet.
SBI becomes trading-clearing member of IIBX at GIFT City
The State Bank of India (SBI) on May 13 announced that it has secured the distinction of being the first bank to become a trading-cum-clearing (TCM) Member of India International Bullion Exchange ( IIBX) at the GIFT City in Gujarat. Read More …
Local Content Requirement
According to a recent media report, the government is planning to tweak its procurement policy to give a fillip to domestic manufacturing.
Participatory notes
Foreign portfolio investors (FPIs) domiciled at the GIFT International Financial Services Centre (IFSC) and registered with the Securities and Exchange Board of India (Sebi) have been allowed to issue offshore derivative instruments (ODIs), popularly known as participatory notes (pnotes).
RBI allows standalone primary dealers (SPDs) to borrow in foreign currency
The Reserve Bank of India (RBI) has allowed standalone primary dealers (SPDs) to borrow in foreign currency from their parent companies and entities it has authorised.
India launches World Castor Sustainability Forum (WCSF)
India has launched the World Castor Sustainability Forum (WCSF). This initiative aims to provide a sustainable and traceable supply chain of castor while improving economic, social, and environmental performance. Key points About Castor plant
Justice Sanjaya Kumar Mishra appointed President of GST Appellate Tribunal (GSTAT)
The Government of India has set in motion the Goods and Services Tax Appellate Tribunal (GSTAT) with the appointment of retired Justice Sanjaya Kumar Mishra as its President. Goods and Services Tax Appellate Tribunal (GSTAT)
Cocoa beans price rise
The price of cocoa beans, the most important raw material in chocolates, has skyrocketed, hitting a record $12,000 a tonnes in April, around four times last year’s price.
IREDA Granted ‘Navratna Status’
Indian Renewable Energy Development Agency Ltd (IREDA) has been granted ‘navratna status’ by the Department of Public Enterprises. Key points