Corporate Debt Market Development Fund

SEBI, the regulatory body for the securities market in India, has recently announced the creation of the Corporate Debt Market Development Fund (CDMDF). It comes in the form of an Alternative Investment Fund (AIF). It will be backstop facility for ..

Tags: SEBI • Securities and Exchange Board of India (SEBI) • Securities and Exchanges Board of India (SEBI)

Month: Current Affairs – April, 2023

Category: Economy & Banking Current Affairs - 2022

Centre for Processing Accelerated Corporate Exit

C-PACE or Centre for Processing Accelerated Corporate Exit is a newly established body that aims to process and dispose of applications for the removal of company names from the records under the Companies Act, 2013. This article delves into the ..

Tags: Companies Act • Companies Act 2013

Month: Current Affairs - March, 2023

Category: Economy & Banking Current Affairs - 2022 • India Nation & States Current Affairs

Albatross Amphibious Aircraft and HDS-AAI Deal

Hawking Defence Services, an Indian defence firm, has entered into a procurement cum partnership agreement with Amphibian Aerospace Industries (AAI), an Australia-based aircraft manufacturer, to manufacture the Albatross Amphibious Aircraft. Features of the Albatross Amphibious Aircraft The Albatross Amphibious Aircraft ..

Tags: Aatmanirbhar Bharat • Albatross Amphibious Aircraft

Month: Current Affairs - March, 2023

Category: Economy & Banking Current Affairs - 2022

Additional Tier 1 Bonds and Credit Suisse’s Write-Down

The recent purchase of Credit Suisse, a Swiss bank, by its rival UBS, has left investors struggling to understand the deal. One outcome that is causing significant distress is the decision to write down around SFr16bn ($17bn) in Additional-Tier 1 ..

Tags: A1 bonds • Credit Suisse • UBS

Month: Current Affairs - March, 2023

Category: Economy & Banking Current Affairs - 2022

IMF’s $3 Billion Bailout Programme for Sri Lanka

On March 20, the International Monetary Fund (IMF) cleared a $3 billion-Extended Fund Facility (EFF) for Sri Lanka, aimed at restoring macroeconomic stability, safeguarding financial stability, and unlocking the nation’s growth potential. Sri Lanka defaulted on its foreign debt in ..

Tags: Economic Crisis • economic crisis in srilanka • International Monetary Fund • Sri lanka

Month: Current Affairs - March, 2023

Category: Economy & Banking Current Affairs - 2022

Adani’s Mundra Petrochem project

The Adani Group’s Mundra Petrochemicals project has been suspended as part of the Group’s “comeback strategy” to regain investor confidence amidst allegations of accounting fraud and corporate governance lapses. The project aimed to set up a greenfield coal-to-PVC plant at ..

Tags: Adani • Adani Enterprises Limited (AEL) • Adani Group • Gujarat

Month: Current Affairs - March, 2023

Category: Economy & Banking Current Affairs - 2022