Context: Climate change damages the economy, and in 2022 it recorded a loss of 8% of the GDP. The Asian Development Bank has projected loss amounts to almost 25% by the year 2070. Key Highlights: India Green Energy Milestone
Sustainable Agriculture
What is Sustainable Agriculture? Sustainable agriculture is a farming technique that prioritizes the use of natural and renewable resources over synthetic inputs like fertilizers and pesticides.
A New Fund Offering (NFO)
A New Fund Offering (NFO) is when an asset management company (AMC) launches a new mutual fund scheme and invites investors to subscribe to units of the new scheme.
Securities and Exchange Board of India (Sebi) Rules to Cut Portfolio Churn
Context: Sebi has announced a new rule that would restrict unnecessary portfolio churn by distributors in the launch of new fund offers, or NFOs. Key Highlights: A New Fund Offering (NFO) A New Fund Offering (NFO) is when an asset management company (AMC) launches a new mutual fund scheme and invites investors to subscribe to units of the
IPO Fundraising in 2024
SME IPO rules on Sebi
Sebi suspends trading in Bharat Global over ‘fraud’
Context: The Securities and Exchange Board of India (Sebi) on Monday suspended trading in Bharat Global Developers, valued at over ₹ 12,000 crore, after it found lapses in the company’s financials and disclosures, and fraudulent preferential allotment. Background of Company: The Ahmedabad-based company is involved in the domains of green energy, engineering and infrastructure, aerospace and defense, and agriculture. What measures has Sebi introduced? SME IPO rules on Sebi
Financial Performance of Non-Life Insurance Industry in FY24
Context: India’s non-life insurance space reported profits of ₹10,119 crore in FY24, down 12.93% from that in FY23. Key Highlights: What is Non-Life Insurance?
Upstream Oil and Gas Companies Call for Budget Review
Context: In the runup to the Budget, upstream oil and gas companies have called for a review of the taxes levied on older oil blocks, which account for nearly 90 per cent of domestic production, according to officials from two large exploration and production (E&P) firms. Tax Levied on Different Types of Oil & Gas>>
The Outcomes of GST Council Meeting
Context: Goods and Services Tax (GST) Council of India has taken several decisions regarding rates and has made its clarifications on such decisions. Key Highlights: Separate GST rate for Caramelised Popcorn!
Right of Children to Free and Compulsory Education (Amendment) Rules, 2024
Context: The Centre has removed the “no-detention” policy for Classes 5 and 8 and allowed schools to retain failing students instead of passing them automatically at the end of the year. Key Highlights:
