Context: Recently, the Prime Minister of India addressed the inaugural session of Semicon India 2023, which is being attended by industry executives from across the world. About Semicon India 2023: It is the second edition of ‘Semicon India 2023’ in Gandhinagar, Gujarat. Organized by: India Semiconductor Read More
Context: The latest data available with the Ministry of Consumer Affairs, Food and Public Distribution shows that the state governments can identify 1.24 crore more beneficiaries under the National Food Security Act, 2013. Key Points about NFSA: Scope of Beneficiaries: The NFSA aims to cover up Read More
Context: The parliamentary committee on Finance urges the government to finalize the digital competition bill to address anti-competitive practices in digital markets. More on News: Committee emphasizes the need to fill vacant positions at the Competition Commission of India (CCI) to ensure effective regulation. Read More
Context: SEBI is reviewing delisting regulations for listed companies to prevent share manipulation in companies opting for delisting. Delisting of Securities: Delisting means removing a listed company’s securities from a stock exchange. It can be voluntary (by the company) or compulsory (by the exchange as a Read More
Context: The Union government has approved a scheme called the Guarantee Scheme for Corporate Debt (GSCD), which aims to provide complete guarantee cover for debt raised by the Corporate Debt Market Development Fund (CDMDF). More on News: Guarantee Fund for Corporate Debt (GFCD) will manage the Read More
Context: The Resource Efficiency Circular Economy Industry Coalition (RECEIC) has been launched on the sidelines of the 4th G20 Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate Ministers meeting held in Chennai. About the RECEIC: 39 multinational corporations (MNCs) from various sectors came together to Read More
Context: The National Coal Index has shown a significant decline of 33.8% in May 2023 at 157.7 points compared to May 2022, where it was at 238.3 points. The declining trend indicates a strong supply of coal in the market, with sufficient availability to meet the growing Read More
Context: The International Monetary Fund has raised its forecast for global growth this year in the July update of its World Economic Outlook. Globally: Global Growth Projection: The IMF’s World Economic Outlook raised the global growth forecast for the current year to 3%, up from the previous Read More
Context: The International Monetary Fund’s latest update to its World Economic Outlook shows lopsided growth that bypasses poor nation’s risks weighing down the global economic pace. IMF’s prediction: Recovered effects of Bank collapses and instability: The World economy is showing signs of having weathered Read More
Context: The SEBI recently shortened the settlement cycle to trade-plus-one (T+1) from T+2. T+1 Trade settlement: The current cycle of ‘T+1’ in India means trade-related settlements happen within a day, or within 24 hours of the actual transaction. The migration to the T+1 cycle came into Read More