Special Economic Zones (SEZs) are geographically delineated ‘enclaves’ in which regulations and practices related to business and trade differ from the rest of the country and therefore all the units therein enjoy special privileges. Continue reading “Special Economic Zones (SEZs)”
The 2019 Brown to Green Report has been published by the Climate Transparency partnership, an international research collaboration.
The report is the most comprehensive review of G20 countries’ climate performance, mapping achievements and drawbacks in their efforts to reduce emissions, adapt to climate impacts and green the financial system. Continue reading “Brown to Green Report 2019”
Alternate Investment Funds(AIFs) are funds that pool capital from investors, primarily HNIs and institutions, to invest in asset classes such as real estate, venture capital and private and public equity. Continue reading “Alternate Investment Funds”
The Harmonised System is a six-digit identification code. Of the six digits, the first two denote the HS Chapter, the next two give the HS heading, and the last two give the HS subheading. Continue reading “Harmonised System(HS) Code”
Ministry of Finance
It is a Pension Scheme exclusively for the senior citizens aged 60 years and above.
The Scheme can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this Scheme. Continue reading “Pradhan Mantri Vaya Vandana Yojana (PMVVY)”
- Security Transaction Tax (STT) was first introduced in the Union Budget 2004.
- The idea of STT was born after it was found that there were cases of capital gains taxes evasion through real and fictitious losses. Thus, STT came into being as a way of realizing the actual potential of taxing the stock markets. So, while long-term capital gains (LTCG) tax was exempted, STT was introduced to make sure there was no tax evasion. And then, LTCG too made a comeback in 2019.
- Scheduled commercial banks’ credit growth remained subdued at 8.7 per cent year-on-year (YoY) in September 2019.
- Banks’ capital adequacy ratio improved significantly after the recapitalisation of public sector banks (PSBs) by the government.
Ministry of Finance
- Partial Credit Guarantee offered by Government of India (GoI) to Public Sector Banks (PSBs) for purchasing high-rated pooled assets from financially sound Non-Banking Financial Companies (NBFCs)/Housing Finance Companies (HFCs)
Soft underwriting happens when an underwriter agrees to buy shares in an IPO at a stage after the issue is closed. He, then, immediately places those shares with institutional players. Thus the risk faced by the underwriter is reduced to a small window of time. Continue reading “Soft Underwriting”
Ministry of the Environment, Forest and Climate Change
- Environment Education Awareness and Training (EEAT) is a central sector scheme of the Ministry of the Environment, Forest and Climate Change started in 1983-84