Zero Coupon Bond zero coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full face value.1 Some bonds are issued…
Retrospective Taxation Retrospective taxation allows a country to pass a rule on taxing certain products, items or services and deals and charge companies from a time behind the date on which the law is passed. The Income Tax authorities slapped Rs.…
Bad Bank Bad Bank – A recession in the Indian economy this year, due to the adverse effects of Covid-19 on economic activity. This will hit the banking and financial sector in particular, as slump in earnings of companies and…
MSP Operations during Kharif Marketing Season 2020-21 In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at its MSP from farmers as per its existing MSP Schemes. Paddy procurement for Kharif 2020-21 has progressed…
Currency Manipulation The United States has once again included India in its monitoring list of countries with potentially “questionable foreign exchange policies” and “currency manipulation”. This comes a year after India was removed from the watchlist in the US Treasury…
Positive Pay System The concept of Positive Pay involves a process of reconfirming key details of large value cheques. Under this process, the issuer of the cheque submits electronically, through channels like SMS, mobile app, internet banking, ATM, etc., Certain…
Allowing Corporates to own Bank The Reserve Bank of India’s (RBI) internal working group on Friday recommended allowing large companies to set up banks and awarding banking licences to well-managed non-banking financial companies (NBFCs). The RBI panel has recommended that corporates…
Fintech in India Fintech refers to the novel processes and products that become available for financial services thanks to digital technological advancements. More precisely, the Financial Stability Board defines fintech as ―technologically enabled financial innovation that could result in new…
Global Energy Transition Index World Economic Forum (WEF) announced that India has moved up two positions and has ranked 74th on a global energy transition index. With a better ranking, India has shown improvement in key parameters of economic security,…