Page-18 of Economy & Banking Current Affairs

India’s Market Cap Likely to Hit $10 Trillion by 2030

April 5, 2024

India’s stock market capitalization is currently the fifth largest globally at $4.5 trillion, according to a report titled ‘Recap 2024. Crystal Gaze 2025’ by financial conglomerate Pantomath Group. The report predicts that India’s market cap is likely to hit $10 ..

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22 New Products Added to Geographical Indication (GI) Registry

April 1, 2024

In March 2024, the Geographical Indication (GI) registry of India added 22 new products from the states of Assam, Uttar Pradesh, Tripura, and Meghalaya. These products are now protected under the GI tag, which recognizes their unique qualities and geographical ..

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Digital India Trust Agency (DIGITA)

March 31, 2024

The Reserve Bank of India (RBI) is considering establishing a Digital India Trust Agency (DIGITA) to combat the proliferation of illegal lending apps and curb growing cyber fraud. This proposed agency aims to verify digital lending apps, maintain a public ..

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What is the T+0 Trading Settlement Cycle?

March 29, 2024

Recently, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have introduced trading in the T+0 rolling settlement cycle in the equity segment on an optional basis. This new settlement cycle allows for same-day settlement of trades, in ..

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Satellite-Based Toll Collection System in India

March 28, 2024

Recently, Union Minister of Roads, Transport and Highways Nitin Gadkari announced plans to introduce a satellite-based toll collection system for the country’s highways. This innovative system aims to charge tolls based on the distance travelled by vehicles, directly deducting the ..

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What are Meme Coins?

March 26, 2024

Meme coins are a unique category of cryptocurrencies that have gained significant popularity in the digital currency space. These coins trace their origin to the growth of meme culture on the internet and are often characterized by their lighthearted and ..

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Bima Sugam Marketplace

March 26, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has approved eight principle-based regulations, including the highly anticipated Bima Sugam marketplace, in its recent board meeting. The regulatory changes cover various aspects of the insurance industry, such as rural and ..

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Self-Regulatory Organisations (SROs) for Regulated Entities

March 22, 2024

Self-Regulatory Organisations (SROs) are industry-led bodies that play a crucial role in promoting and maintaining standards within a specific sector. In India, the Reserve Bank of India (RBI) has released an omnibus framework for recognising SROs for its regulated entities. ..

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