Context: The small-and-medium enterprises stock market is fast being occupied by institutional investors as opposed to traditional, retail investors considered to be part of mainstream in the country with relatively much smaller quantum IPOs usually below Rs 50 crore. Highlights: Small and Medium Enterprise Initial Public Offering (SME IPOs):
Sebi issues administrative warning letter to HDFC Bank
Context: India´s market regulator, the Securities and Exchange Board of India (Sebi), has issued an administrative warning letter to HDFC Bank, the country´s largest privatesector bank, for noncompliance with listing regulations. Sebi Regulations?
P2P bad loans doubled: Report
Context: Bad loans in the peer to peer (P2P) lending industry more than doubled in FY24 to â‚ą 1,163 crore from â‚ą 472.1 crore in FY23, according to a report published by Capital mind Financial Services on Monday. Highlights: What is Bad Bank?
WPI Decline
Context: India´s wholesale price index (WPI) in November eased to a three month low of 1.89 per cent as prices of food items, especially vegetables fell, government data showed on Monday. What is Wholesale Price Index (WPI) & Consumer Pri
EFTA commitment: $ 100 bn
Context: Switzerland suspending the unilateral application of the most favoured nation (MFN) clause with India under the Double Tax Avoidance Agreement (DTAA) should not impact the $100 billion investment commitment under the recently signed trade deal between India and European Free Trade Association (EFTA) nations. What is European Free Trade Association (EFTA) nations? What is Double Tax Avoidance Agreement
Merchandise Export Falls
Context: India’s merchandise exports fell 4.83% in November to a 25-month low of $32.11 billion. Key Highlights: Key Terms: Merchandise export is the sale of physical goods from one country to another. A trade deficit occurs when a country imports more goods and services than it exports, resulting in a surplus outflow of a country’s currency in
Employees Pension Scheme (EPS): Pension Hike Demand
Context: The Parliamentary Standing Committee on Labour, headed by senior BJP leader Basavaraj Bommai, has recommended the Centre to increase the â‚ą1,000 minimum pension paid by the Employees Provident Fund Organisation (EPFO) under its Employees Pension Scheme (EPS). The trade unions and associations of pensioners have been demanding an increase in the minimum pension. What is this Employees’ Pension Scheme? Know about: EPFO
NPCIL raises â‚ą 4,600 crore via 15 year bonds
Context: Nuclear Power Corporation of India (NPCIL) on Monday raised ₹ 4,600 crore through 15–year bonds at a coupon rate of 7.14 per cent, sources said. What is Bond? How they work? Different aspects of bonds Know about: Nuclear Power Corpora
The Employment Linked Incentive Scheme Budget Cut
Context: Labour ministry has demanded finance cut of ELI Scheme allocation for FY25. Key Highlights: The Employment Linked Incentive (ELI) Scheme was being launched in the Union Budget of the financial year 2024-25 aiming to generate a number of employment which is basically targeting the first time employees in the formal sector which is registered with EPFO.
India-Sri Lanka Meet
Context: India and Sri Lanka on Monday agreed to ramp up defence and energy ties, including establishing electricity grid connectivity and multiproduct petroleum pipelines, as Prime Minister Narendra Modi held extensive talks with Sri Lankan President Anura Kumara Dissanayake. Highlights of the Meeting:
