India’s banking system liquidity has fallen into deficit for the first time in nearly 40 months. In response to the development, the Reserve Bank of India (RBI) recently made the largest financial infusion into the banking system.   What is ‘Banking System Liquidity’? In the banking system, liquidity refers to readily available cash that banks… Continue reading Banking System Liquidity

The Union government has released the draft of ‘The Indian Telecommunication Bill, 2022’ wherein it has proposed several significant changes. These changes include provisions for waiving off dues for financially stressed operators, bringing over-the-top platforms (such as WhatsApp, Zoom, Netflix) within the ambit of telecom services.   About the ‘Draft Telecommunication Bill, 2022’ – At… Continue reading Draft Telecom Bill

For the tourism sector, the Government of India recently unveiled an ambitious plan for recovery to pre-pandemic levels by 2024, a $250 billion contribution to GDP by 2030 and a world leader by 2047, with a long-term revenue goal of $1 trillion by 2047, when the country turns 100. This plan is part of the… Continue reading Tourism in India

Reserve Bank of India has removed the Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs).   About Prompt Corrective Action – Prompt Corrective Action or PCA is a framework under which banks with weak… Continue reading Prompt Corrective Action

The Union Cabinet has approved the Ministry of New & Renewable Energy’s proposal for implementation of the Production Linked Incentive Scheme (Tranche II) on ‘National programme on High Efficiency Solar PV Modules’, with an outlay of Rs 19,500 crore for achieving manufacturing capacity of Giga Watt (GW) scale in High Efficiency Solar PV Modules.  … Continue reading PLI Scheme for Solar PV Modules

The Union Cabinet has approved modifications in the Programme for development of semiconductors and display manufacturing ecosystem in India.   What are the new benefits? Fiscal support of 50% of Project Cost on pari-passu basis for all technology nodes under Scheme for Setting up of Semiconductor Fabs in India. Fiscal support of 50% of Project… Continue reading Semiconductor and Display Manufacturing in India

The Insolvency and Bankruptcy Board of India (IBBI) has said that its latest regulations on corporate rescue allow administrators and lenders of bankrupt firms to invite bids for individual assets of the distressed company.   Details – The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations with the “objective to maximise value… Continue reading Amendments to IBBI

Union Minister of Ports, Shipping and Waterways has launched multiple projects for the development of the Bogibeel region near Dibrugarh in Assam.   Details – The Two floating jetties at Bogibeel in Dibrugarh district and Guijan in Tinsukia district will be constructed as state-of-art terminals using the most advanced & updated technology. Both the jetties… Continue reading Bogibeel region

The Numaligarh Refinery Limited has planned to invest over 35 thousand crore rupees in the next five years. This amount will be invested in completing five ongoing projects including India- Bangladesh Friendship Pipeline.   About the Numaligarh Refinery – The Numaligarh Refinery is located at Morangi, Golaghat district, Assam. Numaligarh Refinery Limited (NRL) is a… Continue reading Numaligarh Refinery

The Union Ministry of Chemicals and Fertilisers is planning to launch a scheme called PM PRANAM. PM PRANAM stands for – PM Promotion of Alternate Nutrients for Agriculture Management Yojana. The proposed scheme aims to encourage states to use less chemical fertilisers and to reduce the subsidy burden on chemical fertilisers.   Features of the… Continue reading PM-PRANAM