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Why in News?Key Pointers by the PMThe Prime Minister of India said that the friendship between India and Russia has stood the test of time and it was seen during the Covid pandemic.COVID:Covid had highlighted the importance of health and pharma sectors in both the countri
Read More About It...Why in News?Recently, the Reserve Bank of India (RBI) has unveiled the first composite Financial Inclusion Index (FI-Index).The annual FI-Indexfor the financial year ended March 2021 crossed the halfway mark to 53.9, as compared to 43.4 for the
Read More About It...Why in News:The Reserve Bank of India (RBI) has released the National Strategy for Financial Education (NSFE) for the next five years (2020-2025) to disseminate financial education in the country.Under this, the central bank has recommended a ‘5-Core Actions
Read More About It...The digital payments and financial services firm Paytm has announced that it will raise investment through an initial public offer (IPO) from the Grey market.What is Grey Market IPO?Grey Market IPO is an unofficial market where individuals buy/sell IPO shares or applications&nbs
Read More About It...Why in News?Indian policy makers who had preferred cotton based textile policy over the decades are significantly moving towards man-made fibre sector (MMF)How is the textile market of India?India is the largest producer of cotton in the world accounting for 25% of g
Read More About It...G.S. IIContext:National Financial Reporting Authority (NFRA) Chairperson has pitched for a ‘standalone legislation’ for the regulator in the interests of autonomy.He also demanded that all necessary penal provisions relating to financial
Read More About It...Why in News?As it seeks to enhance engagement with stakeholders, the National Financial Reporting Authority (NFRA) will set up a single stakeholders’ advisory group as well as a research cell to support the group.Need for:A large majority of the respondents have
Read More About It...Why in News?Recently, the Government allowed disinvested PSUs to set off previous losses.About the recent developmentsIn order to facilitate the strategic disinvestment, it has been decided that Section 79 of the Income-tax Act, 1961, shall not apply to an erstwhile
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