What is the news? Cabinet has approved an incentive scheme for promotion of Rupay debit cards and low value BHIM-UPI transactions (Person to Merchant) of up to 2000 rupees in the country. This scheme currently has a validity of one year. What is the scheme? Under the scheme, the government will reimburse transaction charges… Continue reading Cabinet approves an incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M)
Author: Luv Sharma
IMF cues could help the world align crypto rules
News: A recent blog published by the International Monetary Fund (IMF) has called for coordinated regulatory frameworks designed to mitigate crypto risks, on the lines of what India already suggested. The blog post warns of the impact that unregulated proliferation of crypto tokens could have on financial stability, especially in emerging markets. Key points of… Continue reading IMF cues could help the world align crypto rules
Plant protection authority sets right its potato blunder
News: Recently, the Protection of Plant Varieties and Farmers’ Rights (PPV&FR) Authority revoked the registration of PepsiCo’s potato variety FL 2027. It was used in the manufacture of its Lay’s chips. This means that farmers can cultivate this variety freely without the threat of penal action for violating intellectual property rights (IPR). What is the… Continue reading Plant protection authority sets right its potato blunder
On waste management: Zero the way to go
News: Although India’s waste management policy has evolved to suit the changing needs but there are still some gaps. Waste must become a resource that can be reworked, reused and upcycled. This will minimise the use of materials in our world and mitigate environmental damage. What is the relation b/w the nature of waste… Continue reading On waste management: Zero the way to go
PCA Framework for NBFCs – Explained, pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 What is the rationale behind this move?3 What does the PCA Framework say?4 Will all NBFCs get affected?5 What are the implications of new norms?6 What is the way forward?7 Conclusion Introduction A Prompt Corrective Action (PCA) framework for the non-banking financial companies (NBFCs) was recently introduced by the… Continue reading PCA Framework for NBFCs – Explained, pointwise
PSUs with high liabilities may face IBC-based closure
What is the news? The government has unveiled a new public sector companies’ policy for non-strategic sectors so that the department of public enterprises (DPE) can drive the privatisation or closure of state-run firms. In cases where the liabilities are “exorbitantly high”, the government has indicated its willingness to go for the Insolvency & Bankruptcy… Continue reading PSUs with high liabilities may face IBC-based closure
SafetyNet.co.in: Gig work’s inevitable & indispensable. But social security for such workers is essential
News: The Supreme Court has agreed to take up a PIL seeking social security benefits for gig and platform workers. The case is likely to have a far-reaching effect on India’s labour market It will also be closely followed globally as Indian gig workers face issues similar to those faced by their counterparts in rich… Continue reading SafetyNet.co.in: Gig work’s inevitable & indispensable. But social security for such workers is essential
India’s drone companies are soaring in these 4 sectors
News: India’s latest drone rules have given a new life to operations in mining, energy, infrastructure and land records. Door-to-door drone delivery as a daily convenience may still be a bit in the future. While drone delivery pilots have become bigger, commercial applications at a wider scale is yet to happen. Contents1 What are some… Continue reading India’s drone companies are soaring in these 4 sectors
The NMP is hardly the panacea for growth in India
News: Govt. unveiled the National Monetisation Programme (NMP) in August 2021. Under NMP, ₹6 trillion is expected to be raised by leasing core assets of the Central government over the course of four years (FY2022 to FY2025). But, a more critical area towards which policymakers must pay attention is the investigation of the key reasons… Continue reading The NMP is hardly the panacea for growth in India
India votes against U.N. draft resolution on climate change
What is the news? India has voted against a draft resolution at the United Nations Security Council (UNSC) linking climate to security. The resolution was sponsored by Ireland and Niger, and it did not pass, with 12 UNSC members voting for it, India and Russia voting against it and China abstaining. Why India voted against… Continue reading India votes against U.N. draft resolution on climate change
