Current Affairs

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Page-53 of Economy & Banking Current Affairs

Zimbabwe’s Gold-Backed Digital Currency

Recently, Zimbabwe launched a gold-backed digital currency, marking another attempt to stabilize and strengthen its currency. This innovative move aims to address the ongoing challenges faced by the...

May 12, 2023

Creditor-led Insolvency Resolution Mechanism

The Creditor-led Insolvency Resolution Mechanism is a newly proposed mechanism that aims to reduce delays in the resolution process, which have escalated under the current system, causing legal...

May 9, 2023

SEBI’s Testing Framework for IT Systems of Market Infrastructure Institutions (MIIs)

SEBI, India’s regulatory body, has introduced a new framework for testing the IT systems used by market infrastructure institutions (MIIs), including stock exchanges, clearing corporations, and depositories. The...

May 6, 2023

ESMA’s Derecognition of 6 Indian CCPs

European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, has derecognized six Indian central counterparties (CCPs) from April 30, 2023, due to no...

May 4, 2023

SEBI introduces the Legal Entity Identifier (LEI) System

The Securities and Exchange Board of India (SEBI) has introduced the Legal Entity Identifier (LEI) system for issuers that have listed or are planning to list non-convertible securities,...

May 4, 2023

Company Limited by Guarantee

The YREF, a company limited by guarantee, received a subsidy of Rs 2 crore through the National Dairy Development Board (NDDB). The organization is purportedly operated by Sanjay...

May 1, 2023

Tea Mosquito Bug Infestation

India is the world’s second-largest tea producer after China. However, the tea industry in India has been facing a major setback due to the infestation of tea mosquito...

April 20, 2023

Mission 50K-EV4ECO

SIDBI has recently launched the pilot version of the Mission 50K-EV4ECO to promote the growth and development of value chain of India’s electric vehicle industry. It is expected...

April 15, 2023

MPC’s First Bi-Monthly Monetary Policy of FY2023-24

The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) recently announced the first bi-monthly monetary policy of FY2023-24. RBI Governor Shaktikanta Das revealed that the MPC has...

April 10, 2023

Foreign Trade Policy 2023

The Indian government has recently announced its new Foreign Trade Policy (FTP), which replaces the previous one launched in 2015. The new FTP came into effect on April...

April 4, 2023

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