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Front Running

In News SEBI recently barred 21 entities in the Axis mutual fund front-running case. About Front running is the illegal practice of purchasing a security based on advanced private information so as to benefit from the subsequent price movement. Example:  Every mutual fund has fund managers who make decisions about buying stocks. Once the fund […]

National Flagship Programmes for Fisheries

In News Recently, the Union Minister of Fisheries launched three national flagship programmes for the development of the fisheries sector. The minister launched the following programmes National Surveillance Programme for Aquatic Animal Diseases (NSPAAD) Phase-II  The Indian Economy loses  about 7200 crores annually due to fish diseases therefore, early detection and managing the spread is […]

IMF’s action plan to treat crypto assets

In News Recently, the International Monetary Fund has laid out a nine-point action plan for countries to treat crypto assets. More about the news Elements of Effective Policies for Crypto Assets: IMF – The global lender of last resort  said its Executive Board had discussed a paper, “Elements of Effective Policies for Crypto Assets,” that […]

APMC mandis to be connected with e-NAM

In News The Government has recently approved the integration of 101 agricultural produce marketing committee (APMC) mandis into the electronic platform e-NAM. About The total number of mandis connected to the e-NAM platform is expected to reach 1,361 by March 31. Last year, the Ministry of Agriculture(MoA) also launched the Platform of Platforms(PoP) within the […]

India- Singapore UPI-PayNow Linkage

In News India’s payment system Unified Payments Interface (UPI) and its equivalent network in Singapore called PayNow, were integrated to enable faster remittances between the two countries at a competitive rate. UPI and Paynow UPI is India’s mobile-based fast payment system, which facilitates customers to make round-the-clock payments instantly, using a Virtual Payment Address (VPA) […]

Vostro Accounts & its Functioning

In news 20 Russian banks have opened Special Rupee Vostro Accounts (SRVA) with partner banks in India.  SRVA Arrangement A Vostro account is an account that domestic banks hold for foreign banks in the former’s domestic currency, in this case, the rupee.  For example, if CITI Bank, New York open an account in Rupees in […]

Solar Panel Manufacturing

In News The Union budget increased allocation for the Production-linked incentive (PLI) scheme for high-efficiency solar modules. What is  a Solar Panel  A solar panel is a collection of photovoltaic (PV) cells that collect sunlight and convert it into electric current. Working: When sunlight hits the semiconductor in the solar PV cell the energy from […]

Marginal Cost of Funds based Lending Rate (MCLR)

In News Recently, the State Bank of India, Bank of Baroda and Indian Overseas Bank raised their marginal cost of fund-based lending rates (MCLR) by up to 15 basis points. Marginal Cost of Funds-Based Lending Rate It was instituted by RBI with effect from April 1, 2016. It replaced the base rate structure, which had […]

Moderating Current Account Deficit (CAD)

In News The recent data indicated that the current account deficit (CAD) will moderate despite the global slowdown triggered by rising inflation and interest rates. About the recent trend of moderation About: According to the RBI, the CAD, which was at $36.4 billion for the quarter ending September 2022, is expected to moderate in the […]

Stagnation of MSMEs

In News Recently a survey was conducted by the Consortium of Indian Associations (CIA) on micro, small and medium enterprises (MSMEs). More about the survey About: The survey was led by the industry body Consortium of Indian Associations (CIA) comprising 1,08,500 entrepreneurs.  The objective of the survey was to know  The predicament of MSMEs in […]