Page-36 of Economy & Banking Current Affairs

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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RBI State of the Economy Report (March 2024)

March 20, 2024

The Reserve Bank of India (RBI) released its ‘State of the Economy’ report in March 2024, providing insights into the country’s economic performance and outlook. The report, authored by RBI staffers, including Deputy Governor M D Patra, highlighted the need ..

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Electoral Bonds Data

March 16, 2024

The Election Commission of India (ECI) has released detailed data on electoral bonds, following a directive from the Supreme Court. The information, sourced from the State Bank of India (SBI), sheds light on the major purchasers of electoral bonds and ..

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India’s Retail Inflation Eases to 5.09% in February 2024

March 15, 2024

India’s consumer price index (CPI)-based inflation eased to 5.09 percent in February 2024, according to data released by the Ministry of Statistics and Programme Implementation. Inflation Remains Within RBI’s Tolerance Range The retail inflation rate had previously eased to 5.1 ..

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India Signs Free Trade Agreement with EFTA Bloc

March 11, 2024

Recently, India signed a landmark free trade agreement (FTA) with the European Free Trade Association (EFTA), a bloc consisting of Switzerland, Norway, Liechtenstein, and Iceland. The Trade and Economic Partnership Agreement (TEPA) is expected to boost economic growth, create job ..

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India Extends RoDTEP Scheme to Boost Exports

March 11, 2024

In a significant move to bolster India’s exports amidst global economic uncertainties and supply chain disruptions, the government has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to companies in Special Economic Zones (SEZs), Export-Oriented Units ..

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Government to Divest 7% Stake in NLC India

March 8, 2024

The Government of India is set to offload a 7% stake in state-run lignite producer NLC India Ltd. through the offer-for-sale (OFS) route, which includes a green shoe option of 2%. The OFS is expected to rake in approximately ₹2,058 ..

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