MCA TO INTRODUCE ‘SPICe+’ FORM TO REPLACE EXISTING SPICe FORM

Details As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus) replacing the existing SPICe form. SPICe+ would be an integrated Web form offering multiple services viz. name reservation, incorporation, DIN allotment, mandatory […]

CORE SECTOR GROWTH

Why in news? Eight core industries recorded a 2.2 per cent growth in January helped by expansion in the production of coal, refinery products and electricity Details: It contains index, production and growth of Eight Core Industries. Eight Core Industries are Electricity , steel, refinery products, crude oil, coal, cement, natural gas and fertilizers. The […]

SOLAR PANEL COULD GENERATE ELECTRICITY EVEN BY NIGHT

Context and News University of California explained how a new kind of thermoradiative cell could design an anti-solar panel to generate power at night Details According to a study published in the ACS Photonics, it is possible to design solar panels that can produce energy during the night A regular solar cell generates power when […]

RBI TO REGULATE PAYMENT AGGREGATORS

Focus: GS-III Indian Economy, Economic Development Why in news? The Reserve Bank of India (RBI) on 17th March 2020, said it will regulate in entirety the activities of payment aggregators (PAs) and provide baseline technology-related recommendations to payment gateways (PGs) in view of the important functions of these intermediaries in the online payments space as […]

FPI SALES AT A RECORD HIGH AS VIRUS SPOOKS MARKETS

Focus: GS-III Indian Economy, Economic Development Why in news? Foreign portfolio investors (FPIs), who have been the prime drivers of every bull run that the Indian capital market has seen till date, have been record sellers during the March 2020 month. Till 17th of March, FPIs equity sold and debt cumulatively is the highest ever […]

INDIA’S CURRENT ACCOUNT DEFICIT EASES TO 0.2% OF GDP

Focus: GS-III Indian Economy, Economic Development, Prelims Why in news? India’s current account deficit almost got wiped out in the December quarter standing at just $1.4 billion due to lower trade deficit and a rise in net services receipts, according to data released by Reserve Bank of India on 12th March 2020. Details Private transfer […]

OIL SURGES ON HOPE OF ECONOMIC STIMULUS

Focus: GS-III Economic development Why in news? Oil prices surged by around 8% on 10th March 2020, a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and Russia signalled that talks with OPEC remained possible. Joint Steps with Russia Russian Oil Minister Alexander Novak said he […]

GOVERNMENT TO LAUNCH MAHUA-BASED ALCOHOLIC DRINK

Focus: GS-III Agriculture, Economic Development Why in news? The government is set to launch a mahua-based alcoholic beverage in the market for the first time. Called Mahua Nutribeverage. The beverage has a high nutritional value and relatively low alcohol content, at 5 per cent. It has been developed by IIT-Delhi after two years of research […]

DICGC: RELEVANCE IN THE WAKE OF YES BANK ISSUE

Focus: GS-III Indian Economy, Economic Development Deposit Insurance and Credit Guarantee Corporation (DICGC) Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of Reserve Bank of India. It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961. Hence, it is a Statutory body. It was […]

BOND YIELDS DECLINE ON EXPECTATION OF RATE CUT

Focus: GS-III Indian Economy, Economic Development Why in news? There is a growing expectation in the domestic market that the Reserve Bank of India will be cutting the repo Rate after the U.S. Federal Reserve reduced interest rates on 3rd March 2020, to fight the economic slowdown due to the spread of COVID-19. Bond yields […]