The small finance bank primarily undertakes basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganised sector entities. Continue reading “Small Finance Banks”
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”
- 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”
- India should “recommit” to cutting on debt by bringing down its public sector borrowing requirements and enhance focus on having greater fiscal transparency to help investors make informed economic decisions.
- Despite some improvement in reported fiscal deficits, debt as a share of GDP remains little changed over the past decade partly due to increases in off-budget financing
The liability of a corporate debtor for an offence committed before the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the Adjudicating Authority if the resolution plan results in the change in the management or control of the corporate debtor to a person who was not: Continue reading “Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019”