National Land Monetization Corporation (NLMC) Context: • The Union Cabinet on Wednesday approved the setting up of a new government-owned firm for pooling and monetizing sovereign and public sector land assets. The National Land Monetization Corporation (NLMC) is being formed with an initial authorized share capital […]
Venture Capital Fund Context: Bengaluru-based venture capitalist, Ankita Vashishta, will launch a $1 billion venture capital fund to assist 1,000 women-led or women-focused start-ups in India and overseas in the next five years. What is Venture Capital? Venture capital (VC) is a […]
Tri-Party Repo About: • Tri-Party repo is a financial market instrument where a repo transaction between two parties is administered by a triparty agent which is a licensed financial institution. • According to the RBI, “Tri-party repo is a type of repo contract where a […]
SEBI Context: The stock market regulator, SEBI is trying to improve the disclosures made by new age technology companies approaching the primary market for listing. Issues: The digital companies tend to give precedence to growth over profitability and, therefore, are mostly loss-making when they approach […]
FSSAI Health Star Rating Context: Consumers will soon be able to tell whether their food packaging is harmful or healthy and nutritious. According to the Food Safety and Standards Authority of India (FSSAI), packaged food goods will soon display a ‘health star’ as part of […]
LIC IPO Context: The Life Insurance Corporation of India (LIC) filed its draft red herring prospectus with capital markets regulator SEBI last Sunday. Going by the importance of the proceeds for the Centre to meet this fiscal’s disinvestment targets and reports citing unnamed official […]
Agri-spending Context: While the overall budgetary allocation towards the agricultural sector has marginally increased by 4.4% in the Union Budget 2022-23, the rate of increase is lower than the current inflation rate of 5.5%-6%. The Food and Agriculture Organization (FAO) of the United Nations […]
PM Gati Shakti National Master Plan Context: In order to plan coordinated execution of infrastructure projects, project identification for PM Gati Shakti National Master Plan is ongoing based on inputs from Infrastructure and Economic Ministries. This was stated by Union Minister of State for […]
Crypto Assets Context: One of the most striking moves in the Union Budget’s taxation proposals for 2022-23 is the introduction of a taxation regime for virtual digital assets — evolving manifestations of cryptocurrencies, codes and non-fungible tokens. Finance Minister Nirmala Sitharaman has proposed […]