Source: Live Mint Relevance: Financial inclusion and measures taken by RBI Synopsis: Challenges faced by SFBs and Criticism against them Contents1 Background2 Evolution of Small Finance banks3 Idea behind SFBs4 Criticism of SFBs5 Challenges faced by SFBs Background SFBs have grown rapidly since RBI first carved out this category half a decade ago in Indian… Continue reading The silent rise of Small Finance Banks (SFBs)
Author: Ram Manohar
Indian startups deserve an easier shot at success
Source: Livemint Relevance- Regarding Limited Liability Partnerships (LLPs), their significance and need for further reforms. Synopsis: Recently, the Limited Liability Partnership (Amendment) Bill, 2021, got the approval of Lok Sabha. Need for it and the changes introduced. Background An enactment of law in 2008 allowed the emergence of large joint-stock companies as LLPs, with the… Continue reading Indian startups deserve an easier shot at success
Tax certainty is critical if the economy is to attract enough capital
Source: ToI Relevance: Issue of retrospective taxation Synopsis: The repeal of the retrospective tax decision helps to minimize the risk of authorities taking harmful and unpredictable decisions. Contents1 Background2 Introduction3 Adverse impact of Retrospective taxation4 Positives of curb on Retrospective taxation Background Read Here: Retrospective taxation and the Taxation Laws (Amendment) Bill – Explained Introduction It… Continue reading Tax certainty is critical if the economy is to attract enough capital
Years after Indo-US nuclear deal, very little progress on n-deal projects
Source: Indian Express Relevance – Nuclear energy Development in India. Synopsis: A picture of the slow progress of greenfield projects under the Indo-US nuclear deal. Current scenario of some projects. Background Signed in 2005, the 123 agreement signed between the United States of America and the Republic of India is known as the Indo-US nuclear… Continue reading Years after Indo-US nuclear deal, very little progress on n-deal projects
Uncaging the Indian tiger from attestations and thumb prints
Source: Livemint Relevance: Significance of digital empowerment of States Synopsis: States must increase the adoption of digital technology to boost the overall ease of doing business. Presently, despite many initiatives by central government, states lag behind implementing digital solutions, resulting in a low ease of doing business. What is e-Rupi? This pre-paid voucher is provided… Continue reading Uncaging the Indian tiger from attestations and thumb prints
Indian promoters likely to give personal guarantee on foreign assets
Source: Business Standard Contents1 What is the news?2 Who is a promoter?3 Key proposals4 Present rules What is the news? In a major shift from its earlier stance, the Reserve Bank of India (RBI) has proposed allowing Indian promoters to issue personal guarantees for overseas firms in which they have acquired a controlling stake, albeit with… Continue reading Indian promoters likely to give personal guarantee on foreign assets
In Tokyo, India discovered
Source: ToI What is the news? Neeraj Chopra, became the first India to win an athletic gold medal for independent India. India made a profound statement in Tokyo asserting that ‘We too can do it.’ India’s record in Olympics As a colony, India first took part in the Paris Olympics in 1900 and won two… Continue reading In Tokyo, India discovered
Our broken growth model is in acute need of some repair work
Source: Live Mint Relevance: Battling the slowdown in Indian economy Synopsis: Solving India’s chicken-and-egg problem of income and investment will take government action. Contents1 Background2 Factors behind economic growth3 Trends & Problems 4 Why private consumption declined?5 Why growth still not picking up? Background India was expected to grow in double digits in 2021-22. However, most… Continue reading Our broken growth model is in acute need of some repair work
Everything you want to know about CBDC
Source: Business Standard Relevance: CBDC, its potential impact, relevant suggestions Synopsis: The central bank digital currency will neither substitute nor compete with cryptocurrency; it’s just a wallet. An analysis of its inherent problems and a way forward. Contents1 Background2 About CBDC3 CBDC in India4 Impact of CBDC5 Concerns/Issues 6 Suggestions Background The RBI has been working… Continue reading Everything you want to know about CBDC
Widen met station network in Himalayas to better predict extreme weather: Panel
Source: Down to Earth, Down to Earth 2, Down to Earth 3 Relevance: Fighting the flood problem in India Synopsis: Standing Committee of Parliament (Water Resources) presented its report in both the houses. A detailed look at its findings and the recommendations made. Context The report of the Standing Committee of Parliament (Water Resources) for… Continue reading Widen met station network in Himalayas to better predict extreme weather: Panel
