Page-25 of Economy & Banking Current Affairs

Government Regulation of Short Selling

January 4, 2024

The Supreme Court has recorded the central government and market regulator SEBI promising appropriate oversight on short selling of securities following controversial allegations against Indian conglomerate Adani Group. Case Context This judgment came under a case examining if US short-seller ..

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Field Studies Find Nano Urea Failing to Match Conventional Fertilizers in Crop Yields

January 4, 2024

A two-year Punjab Agricultural University trial discovered paddy and wheat harvests declined substantially from nano urea usage versus normal nitrogen fertilizers, contradicting tall corporate claims. Understanding Nano Urea Nano urea launched by cooperative IFFCO in 2021 comes in 500 ml ..

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Tur Dal Procurement Portal

January 4, 2024

Furthering Prime Minister Narendra Modi’s vision of an Atmanirbhar Bharat, Union Home Minister Amit Shah unveiled a multilingual portal enabling direct procurement of tur dal from registered farmers by government agencies at competitive rates. The platform aims to boost domestic ..

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Hindenburg Research – Adani Group Row

January 3, 2024

In January 2023, US-based short seller Hindenburg Research published a report alleging several improper dealings by Indian conglomerate Adani Group headed by Gautam Adani. The report accused the group of stock manipulation, use of offshore shell companies, and raising debt ..

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RBI Proposes Higher 50% Dividend Payout Ratio for Healthy Banks

January 3, 2024

The Reserve Bank of India has released draft norms allowing banks with strong financial metrics to increase dividend payouts to shareholders up to 50% of profits, from the earlier 40% ceiling. Key Highlights Banks must have net non-performing asset ratio ..

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Government Adds 34 Lakh Farmers Back to PM-KISAN Scheme

December 29, 2023

The Indian government has re-enrolled 34 lakh farmers under its PM-KISAN program after numbers dropped over 20% from peak levels in 2022. This comes amidst a nationwide yatra to saturate coverage. PM-KISAN Benefits and Eligibility The Pradhan Mantri Kisan Samman ..

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E-Commerce Exports Handbook for MSMEs

December 29, 2023

The Commerce Minister Piyush Goyal released a comprehensive “E-Commerce Exports Handbook for MSMEs” to boost overseas shipments by small businesses using online platforms. A One-Stop Guide The handbook offers a definitive guide for micro, small and medium enterprises (MSMEs) to ..

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India Warns Offshore Crypto Exchanges Flouting Regulations

December 29, 2023

India’s anti-money laundering agency, the Financial Intelligence Unit (FIU-IND), has issued legal notices to 9 offshore cryptocurrency platforms violating domestic regulations. Bringing Crypto into the AML Ambit In March 2022, India mandated all Virtual Digital Asset Service Providers (VDA SPs) ..

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