[Economy] CRR-SLR Exempt on FCNR, ECB Limits Changed Weekly Mrunal Digest from Jul week1-2022 (WMD)
RBI Exempts FCNR- foreign currency non-resident bank deposits and non-resident external (NRE) deposits from CRR SLR requirements to prevent Rs. fall
RBI Exempts FCNR- foreign currency non-resident bank deposits and non-resident external (NRE) deposits from CRR SLR requirements to prevent Rs. fall
TMC MP Mahua Moitra in controversy because of her Twitter posts comparing sexual harassment word with "Mr.Gogoi"
Army Officers went to Court for relief saying “We shouldn’t be punished for porn because it’s invasion of their right to privacy.
Indian Space Research Organisation (ISRO) launched the PSLV Orbital Experimental Module or ‘POEM’. POEM is a platform that will help perform in orbit experiments using the discarded, stage of PSLV rocket.
Supreme Court declined a plea by former BJP spokesperson Nupur Sharma to club/group FIR filed against her for hate speech
Gig workers are temporary workers who are engaged in livelihoods outside the traditional employer-employee arrangement. Delivery boys, app-based taxi drivers, service providers such as cleaners and technicians,
Govt is establishing the Financial Services Institutions Bureau (FSIB) in place of the Banks Board Bureau (BBB). FSIB Chairman: Bhanu Pratap Sharma
India bans single use plastic using Environment Protection Act 1986 - e.g. cups, glasses, forks, spoons, knives, trays; sweet boxes etc
Ensure at least one parent or legal guardian (a nurse in case of an infant) - is present during shoot. Ensure the child’s education under the Right to education Act
Finance Act, 2022: 30% tax on Profit on cryptocurrency trade. And, tax deducted at source (TDS) of 1 per cent on transfer of virtual digital assets (VDAs) from July 1, if the value of transactions exceeds Rs 10,000 in a year.
a black swan event means an unprecedented unexpected extreme risk event e.g. 2007’s USA sub-prime crisis, 2020’s Corona. RBI report says that in the next black swan event, possibility of capital outflows to the tune of $100 billion -around Rs 7,80,000 crore from India by FPIs.
Central Board of Reserve Bank of India (RBI) → GOVERNMENT has nominated Anand Mahindra, Venu Srinivasan (TVS), Pankaj Ramanbhai Patel (Zydus Cadila) and Ravindra H Dholakia (Ex-IIM Boss) as part-time non-official Directors.
Pinkwashing is the strategy of Companies to promote LGBT rights and products to distract from real issues. E.g. June, recognised as (LGBT) Pride month → Walmart and other companies launch rainbow coloured products tshirt, jackets, etc to profit. Netflix and Amazon Prime launch web series where LGBT actors are shown in positive and powerful light. But in reality many LGBT employees removed from job, not allowed to progress in career etc