Context: Indian contract drugmaker Anthem Biosciences filed for a â‚ą3,395-crore ($397 million) initial public offering (IPO). Small and Medium Enterprise Initial Public Offering (SME IPOs):
SEBI Issues Eligibility Criteria for Passively Managed Mutual Funds
Context: The eligibility criteria for the passively managed mutual funds have been issued by the Sebi in order to provide some eased rules. Key Highlights: Mutual Fund Industry Seek
Financial Stability Report for RBI 2024
Context: The percentage, gross non-performing assets in the banking sector touched their 12-year low of 2.6 in September 2024. Financial Stability Report (FSR) by RBI
Bank Credit Expansion
Context: For that matter, bank credit growth during this financial year is predicted to remain under steam compared to the last year’s buoyancy and expected growth target of as high as 16%.
NPCI Extends Period for UPI Apps
Context: The National Payments Corporation of India (NPCI) has extended further the deadline for implementing the transaction volume cap on Unified Payments Interface apps by two years- until December 31, 2026. Unified Payments Interface Third-Party Application Provider
Family Settlement Disclosure
Context: Kirloskar Oil Engines submitted the Application to the Securities and Exchange Board of India for the disclosure of family settlement deed entered among various Kirloskar family members. Key Highlights: SEBI Issued a Directive on Transfer of Shareholdings
Small Savings Rates Stay Unchanged
Context: The Centre on Tuesday decided to maintain status quo on the returns payable on small savings schemes such as Public Provident Fund (PPF) for the January to March 2025 quarter. PPF – Public Provident Fund Employees’ Provident Fund Organisation (EPFO) Su
WhatsApp Pay can now extend UPI to all India users
Context: National Payments Corporation of India (NPCI) said has removed the UPI user onboarding limit for WhatsApp Pay [third party app provider (TPA)], with immediate effect. With this, WhatsApp Pay can now extend UPI services to its entire user base in India, NPCI said. Unified Payments Interface (UPI)
Fiscal Deficit and Capital Spending of the Union Government
Context: Fiscal deficit of the Union Government is now standing at 52.5% of total Budget Estimates meant for 2024-25 by the end of November, compared with 46.5% previously one month ago. Capital Expenditure CapExFiscal deficit
MGNREGS Work Demand Hike
Context: The number of people demanding work every month on average under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) increased to a four-month high of 25.73 million in December, according to the latest data from the government. Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)
