Treasury Bills
Context: Govt. plan to borrow ₹3.9 trillion through treasury bills in the fourth quarter of the current financial year. Treasury bills, or T-bills Treasury bills, or T-bills, are short-term debt instruments issued by the government to raise money for short-term needs.
SEBI Issued a Directive on Transfer of Shareholdings
Context: The Securities and Exchange Board of India (Sebi) issued clarifications on the transfer of shareholding among immediate relatives and the transmission of shareholding of investment advisers, research analysts, and KYC registration agencies (KRAs). Key Highlights: KYC (Know Your Customer) Registration Agencies (KRAs) KYC (Know Your Customer) Registration Agencies (KRAs) are entities that maintains KYC records in the securities market. They are registered under the Securities and Exchange Board of India (SEBI) under the KYC Regulations, 2011.
India’s Foreign Exchange Reserves
Context: India’s foreign exchange reserves fell by $8.4 billion to $644 billion in the week ended December 20, latest data released by the Reserve Bank of India (RBI) showed. India’s Foreign Exchange Reserves
RBI Permits UPI Transactions via PPI Wallets
Context: The Reserve Bank of India (RBI) has decided to allow prepaid instrument holders (PPIs) to make/receive UPI payments through third-party mobile applications. Key Highlights: Prepaid payment instruments (PPIs) Prepaid payment instruments (PPIs) are financial tools which allows user to load funds in advance to purchase goods and services. PPIs are also known as prepaid cards or stored value cards. e.g. gift cards, metro rail cards and digital wallets. Third-Party Application Provider It is an entity that provides the UPI compliant app(s) to the end-user customers to facilitate UPI-based payment transactions. Some examples include mobile wallets, merchant apps, or any other platform that utilises UPI for payments. UPI: Revolutionizing
Current Account Deficit
Context: The current account deficit of India in Q2 2024-25 declined to $11.2 billion, 1.2% of GDP. Key Highlights: Current Account Deficit If an economy is running a current account deficit, it is absorbing (absorption = domestic consumption + investment + government spending) more than that it is producing. This situation can arise if some other economies are lending their savings to it (in the form of debt to or direct/ portfolio investment in the economy) Trade Deficit Merchandise Export Falls
Over 40 batches of drugs are ‘not of standard’: CDSCO
Context: More than 40 batches of drugs being sold in the market have been found to be not-of-standard quality (NSQ) by the Central Drug Standards Control Organisation (CDSCO) in latest survey. The Central Drugs Standard Control Organization (CDSCO) The Central Drugs Standard Control Organization (CDSCO) is the National Regulatory Authority (NRA) of India for drugs and cosmetics. It is basically responsible for ensuring the safety, quality, and efficacy of medical products within the country. Not of Standard Quality (NSQ) drugs Not of Standard Quality (NSQ) drugs refer to drugs that fail to meet quality standards or specifications. The term ‘standards of quality’ is primarily defined in the Drugs & Cosmetics Act, 1940, which means that the drug complies with the standards set out in the Second Schedule of the said Act.
US Mission to India
Context: US Mission to India to Issues More than One Million Nonimmigrant Visas. Key Highlights: H1B Visa
China Launched Amphibious Assault Ship
Context: China launched a new amphibious assault ship Friday, capable of launching fighter jets and designed to strengthen the navys combat ability in distant seas. Amphibious assault ships Amphibious assault ships are warships used to land and support ground forces in armed conflicts. They are developed from aircraft carriers, which are used as helicopter carriers, and modern designs support amphibious landing craft with well decks. Some ships also support V/STOL fixed-wing aircraft and have a secondary role as aircraft carriers. Also Read: J-35 Fighter Jet
Cyclone Chido in Mayotte.
Context: Cyclone Chido Ruins Mayotte’s Environment and Biodiversity in Mayotte, France. Effects of Cyclone Chido: Coral Reef A coral reef is an underwater ecosystem characterized by reef-building corals. Reefs are formed of colonies of coral polyps held together by calcium carbonate. Lagoons Lagoons are shallow bodies of water which are isolated from the wider open waters by narrow landforms such as reefs, barrier islands, or peninsulas. Coastal lagoons are distinguished from atoll lagoons and can occur even in mixed-sand and gravel coastlines. Cyclones Cyclones are powerful storms that form over warm ocean waters and are caused by atmospheric disturbances. They are formed by rapid, destructive air circulation around a low-pressure area.
