Full disclosure: on the credit rating industry News: SEBI has tightened disclosure norms for credit rating agencies after they failed to warn investors in time about the deteriorating credit profile of Infrastructure Leasing and Financial Services Ltd (IL&FS). Important Facts: SEBI Guidelines: The credit rating agencies will have to inform investors about the liquidity situation… Continue reading Full disclosure: on the credit rating industry
Tag: Economy
Is crop insurance scheme losing steam?
Is crop insurance scheme losing steam? News: According to a reply to an RTI application, more than 84 lakh farmers (around 15% of the total farmers) insured in the first year of the Pradhan Mantri Fasal Bima Yojna in 2016-17, withdrew themselves from the scheme in 2017-18 Important Facts: About Pradhan Mantri Fasal Bima Yojna… Continue reading Is crop insurance scheme losing steam?
After IL&FS, SEBI tightens norms for raters
After IL&FS, SEBI tightens norms for raters News: SEBI has tightened disclosure norms for credit rating agencies after they failed to warn investors in time about the deteriorating credit profile of Infrastructure Leasing and Financial Services Ltd (IL&FS). Important Facts: SEBI Guidelines: The credit rating agencies (CRAs) will now have to take into account various… Continue reading After IL&FS, SEBI tightens norms for raters
New index to check ease of doing agri-business
New index to check ease of doing agri-business News: The ministry of agriculture is planning to come out with its own index to rank states on ‘ease of doing agri-business’. Important Facts: Background: This proposal comes barely two years after NITI Aayog launched the first index to rank states on the basis of marketing and… Continue reading New index to check ease of doing agri-business
Opinion | A much-needed revamp for rating agencies
Opinion | A much-needed revamp for rating agencies Article: The article discusses the issues with credit rating agencies in the backdrop of the recent IL&FS crisis Important Analysis Credit ratings and Credit Rating agencies Credit ratings provide retail and institutional investors with information that assists them in determining whether issuers of bonds and other debt… Continue reading Opinion | A much-needed revamp for rating agencies
Centre to sell its entire stake in Dredging Corporation
Centre to sell its entire stake in Dredging Corporation News: The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of its entire 73.44 percent stake in Dredging Corporation of India to a consortium of four ports. Important Facts: 2. The consortium of four ports are namely Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal… Continue reading Centre to sell its entire stake in Dredging Corporation
6 airports get Centre’s nod for privatisation; AAI to hold a minor stake
6 airports get Centre’s nod for privatisation; AAI to hold a minor stake News: The government has decided for operation,management and development of six airports through a public-private partnership (PPP) model of six airports. Important Facts: The chosen airports are of Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. This comes 12 years after Delhi and… Continue reading 6 airports get Centre’s nod for privatisation; AAI to hold a minor stake
Political economics: credit stimulus for MSMEs
Political economics: credit stimulus for MSMEs News: The Prime Minister has launched a support and outreach programme for the Micro, Small, and Medium Enterprises (MSME) sector to give a boost to the sector and help generate employment. Important Facts: Background: MSMEs, which account for 30% of India’s gross domestic product (GDP), were hit hard by… Continue reading Political economics: credit stimulus for MSMEs
Modi announces incentives for MSMEs, including 59-minute sanction for loans up to ₹1 crore
Modi announces incentives for MSMEs, including 59-minute sanction for loans up to ₹1 crore News: The Prime Minister has launched a support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector to give a boost to the sector and help generate employment. Important Facts: As part of this programme, the Prime Minister… Continue reading Modi announces incentives for MSMEs, including 59-minute sanction for loans up to ₹1 crore
Tussle for power: what’s the RBI-government stand-off?
Tussle for power: what’s the RBI-government stand-off? News: The article discusses about the simmering tensions between the Reserve Bank of India and the Centre which found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and… Continue reading Tussle for power: what’s the RBI-government stand-off?
