Supreme Court upholds homebuyers’ rights as financial creditors under IBC

Headline : Supreme Court upholds homebuyers' rights as financial creditors under IBC Details : Why in News: The Supreme Court has upheld the validity of an amendment to the Insolvency and Bankruptcy Code (IBC) that treats homebuyers as financial creditors, thus giving homebuyers the right to take legal recourse against developers under three key laws. Background: … Continue reading Supreme Court upholds homebuyers’ rights as financial creditors under IBC

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About Protocol on Inland Water Transit and Trade (PIWTT), Navigable Inland Waterways, IWAI

Headline : India connects Bangladesh to Bhutan, through waterway Details : The News: In a first-ever development, Indian waterways is being used to transport cargo between 2 countries i.e. Bhutan and Bangladesh. The inland waterways vessel containing cargo from Bhutan to Bangladesh will move via River Brahmaputra ( NW 2) and the Indo Bangla Protocol Route … Continue reading About Protocol on Inland Water Transit and Trade (PIWTT), Navigable Inland Waterways, IWAI

RBI: Monetary Policy and Monetary Policy Committee, Important Terminology [Repo rate, MSF, LAF, Reverse repo rate ]

Headline : RBI takes offbeat tack to help reverse growth slowdown Details : The News: Telegram: https://t.me/MrunalsEconomy In its monetary policy review, the Monetary Policy Committee of the RBI has decided to cut the repo rate by 35 basis points (bps). In addition, the RBI also announced some measures to boost economic activity. Important Terminologies: Risk … Continue reading RBI: Monetary Policy and Monetary Policy Committee, Important Terminology [Repo rate, MSF, LAF, Reverse repo rate ]

Economy: Sovereign Bonds, Borrowing, Policy, Rationale

Headline : The name is dollar bond Editorial 3nd Aug'19 IndianExpress Details :   Sovereign Bonds: During the recent Budget, the Indian finance minister announced plan of the government of India to borrow in foreign currency to finance the fiscal deficit. The plan is to raise up to 10-15% of government borrowing — $10 billion — … Continue reading Economy: Sovereign Bonds, Borrowing, Policy, Rationale

In Brief: About National Housing Bank (NHB), About National Bank for Agriculture and Rural Development (NABARD)

News : RBI divests its entire stake in Nabard, NHB News Analysis Reserve Bank has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (NABARD), with this the government is now cent percent holder of both these financial institutions. RBI had 100% shareholding in NHB, which … Continue reading In Brief: About National Housing Bank (NHB), About National Bank for Agriculture and Rural Development (NABARD)

In Brief: Data Localisation, NPCI, Retail Payment and RBI’s Authority

Headline : WhatsApp yet to comply with data localisation norms: RBI Details : The News Recently, the RBI has made the revelations that WhatsApp is not in compliance with RBI's data localisation norms. This is the first time ever that the Reserve Bank has made any statement about WhatsApp’s payments business and compliance with data localization … Continue reading In Brief: Data Localisation, NPCI, Retail Payment and RBI’s Authority

Climate Change and it’s impact on Wind Power

Headline : Climate change may hit India’s wind power Details : The News According to a new study, climate change could significantly affect wind power generation in India.   Effect of Climate Change on Wind Energy in India The study According to a study, wind energy production in India is vulnerable to climate change. The wind … Continue reading Climate Change and it’s impact on Wind Power