National Stock Exchange of India(NSE) has challenged co-location orders of the Securities and Exchange Board of India(Sebi) before Securities Appellate Tribunal(SAT). The order was challenged on the grounds that it is unsustainable, arbitrary and disproportionate order.NSE has alleged that Sebi orders have not shown that any trading member got any advantage because of preferential access.… Continue reading Co-location: NSE knocks on SAT’s door
Category: Factly – Indian Economy
This category contains all Current Affairs Factly Articles for Prelims, related to the Indian economy. You can find all relevant Economy updates on this page. This page is specifically useful for UPSC Prelims exam.
UN lowers India’s FY20 GDP growth forecast
United Nations(UN) in its World Economic Situation and Prospects (WESP) report has lowered India’s GDP growth in 2019-20 to 7.1% from its estimate of 7.5%.It was due to overall slowdown in global growth. The report has said that despite the downward revisions, India still remains the fastest growing major economy in the world ahead of… Continue reading UN lowers India’s FY20 GDP growth forecast
RBI to create regulatory cadre
The Reserve Bank of India(RBI) Central board has decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies. The RBI’s decision to create a specialised regulatory cadre is important in light of increasing complexity of the regulated… Continue reading RBI to create regulatory cadre
Govt plans introducing artificial intelligence system in MCA 21 portal
The government has decided to introduce artificial intelligence system in the MCA21 portal-an e-Governance initiative of Ministry of Company Affairs (MCA) This will make the compliance process easier as well as ensure routine enforcement activities are done round-the-clock on autopilot basis. The main focus of the government will be to rationalise all the forms and… Continue reading Govt plans introducing artificial intelligence system in MCA 21 portal
Third party motor insurance premium to get pricier as IRDAI revises rate card
Insurance Regulatory and Development Authority of India(IRDAI) has released a draft notification on third-party motor insurance.Third-party insurance is the portion of an insurance policy that protects you if you’re held legally responsible for a physical injury or damage to someone else’s property. The notification proposes a 15% hike in third party (TP) motor insurance premium… Continue reading Third party motor insurance premium to get pricier as IRDAI revises rate card
RBI against special NBFC window
The Reserve Bank of India (RBI) is not ready to offer a special lending window to stressed non-banking finance companies(NBFCs).The RBI may have to provide liquidity to all the NBFCs approaching it for funds if such a special window is opened. NITI Aayog has made a strong case before RBI for a special lending window… Continue reading RBI against special NBFC window
BUILD to shape future of Indian aerospace
Boeing has announced the launch of Boeing University Innovation Leadership Development (BUILD) programme for university students, faculty and early-stage start-ups in India. The programme will help innovators convert their ideas into viable business offerings that have the potential to shape the future of Indian aerospace and defence. Applicants can submit their ideas in the fields… Continue reading BUILD to shape future of Indian aerospace
After RBI, Sebi & IRDAI launch initiatives to boost startups
Securities and Exchange Board of India(SEBI) and the Insurance Regulatory and Development Authority of India(IRDAI) has announced sandbox initiative to encourage startups in their segments by making data and systems available to them. A sandbox is an enabling infrastructure or interface which is made available to an outside innovator or fintech by a bank so… Continue reading After RBI, Sebi & IRDAI launch initiatives to boost startups
RBI now uses divergence to compel banks to improve their loan-loss ratios
Recently,three state-run banks had reported divergence in bad loan recognition while announcing the results. Divergence takes place when the Reserve Bank of India (RBI) finds that a lender has under-reported (or not reported at all) bad loans in a particular year and hence asks the lender to make disclosures if under-reporting is more than 10%… Continue reading RBI now uses divergence to compel banks to improve their loan-loss ratios
Skimming: how devices at ATMs can steal data, help criminals clone cards
Recently,Delhi police had found that Rs 19 lakh had been fraudulently withdrawn from 87 accounts in three ATMs in a span of seven days. This was done with the help of skimming. Skimming is a procedure in which criminals clone ATM cards with stolen data.A skimmer is a device designed to look like and replace… Continue reading Skimming: how devices at ATMs can steal data, help criminals clone cards
