Page-46 of Economy & Banking Current Affairs

Mission 50K-EV4ECO

April 15, 2023

SIDBI has recently launched the pilot version of the Mission 50K-EV4ECO to promote the growth and development of value chain of India’s electric vehicle industry. It is expected to promote EV adoption and strengthen associated infrastructure in the country. Mission ..

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MPC’s First Bi-Monthly Monetary Policy of FY2023-24

April 10, 2023

The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) recently announced the first bi-monthly monetary policy of FY2023-24. RBI Governor Shaktikanta Das revealed that the MPC has unanimously decided to keep the repo rate unchanged at 6.50%. This key ..

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Foreign Trade Policy 2023

April 4, 2023

The Indian government has recently announced its new Foreign Trade Policy (FTP), which replaces the previous one launched in 2015. The new FTP came into effect on April 1, 2022, and is aimed at increasing India’s overall exports to $2 ..

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Corporate Debt Market Development Fund

April 3, 2023

SEBI, the regulatory body for the securities market in India, has recently announced the creation of the Corporate Debt Market Development Fund (CDMDF). It comes in the form of an Alternative Investment Fund (AIF). It will be backstop facility for ..

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Centre for Processing Accelerated Corporate Exit

March 30, 2023

C-PACE or Centre for Processing Accelerated Corporate Exit is a newly established body that aims to process and dispose of applications for the removal of company names from the records under the Companies Act, 2013. This article delves into the ..

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Albatross Amphibious Aircraft and HDS-AAI Deal

March 24, 2023

Hawking Defence Services, an Indian defence firm, has entered into a procurement cum partnership agreement with Amphibian Aerospace Industries (AAI), an Australia-based aircraft manufacturer, to manufacture the Albatross Amphibious Aircraft. Features of the Albatross Amphibious Aircraft The Albatross Amphibious Aircraft ..

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Additional Tier 1 Bonds and Credit Suisse’s Write-Down

March 23, 2023

The recent purchase of Credit Suisse, a Swiss bank, by its rival UBS, has left investors struggling to understand the deal. One outcome that is causing significant distress is the decision to write down around SFr16bn ($17bn) in Additional-Tier 1 ..

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IMF’s $3 Billion Bailout Programme for Sri Lanka

March 23, 2023

On March 20, the International Monetary Fund (IMF) cleared a $3 billion-Extended Fund Facility (EFF) for Sri Lanka, aimed at restoring macroeconomic stability, safeguarding financial stability, and unlocking the nation’s growth potential. Sri Lanka defaulted on its foreign debt in ..

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Adani’s Mundra Petrochem project

March 21, 2023

The Adani Group’s Mundra Petrochemicals project has been suspended as part of the Group’s “comeback strategy” to regain investor confidence amidst allegations of accounting fraud and corporate governance lapses. The project aimed to set up a greenfield coal-to-PVC plant at ..

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UBS

March 21, 2023

UBS, Switzerland’s biggest bank, recently agreed to purchase Credit Suisse in a move that aims to contain the panic that ensued after two American banks collapsed earlier this month. This unique acquisition has sent shockwaves throughout the banking industry and ..

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