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Why in the news? The Securities and Exchange Board of India (SEBI) charged Hindenburg Research with making “unfair” profits. SEBI accused Hindenburg of colluding to use “non-public” and “misleading” information to induce “panic selling” in Adani Group stocks. source:medium About The Securities and Exchange Board of India (SEBI): Establishment: Statutory regulatory body by the Government …
Read MoreWhy in the News? Internet Archive (IA), faces legal challenges from major publishers like Hachette and HarperCollins. Accused of copyright violations for digitizing and distributing books without permission. Issue escalated due to IA’s ‘National Emergency Library’ initiative during the pandemic. Source: NWU What are Internet archives? Internet archives are digital repositories that collect and store …
Read MoreWhy in the news? Students flagged multiple errors in the provisional answer key for the Common University Entrance Test for undergraduate courses (CUET-UG) released by the National Testing Agency (NTA). The NTA allows students to challenge the provisional answer key by paying ₹200 per question until July 9. What is CUET? The Common University Entrance …
Read MoreWhy in the news? General insurance companies have reduced their exposure to crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in FY24. Gross direct premiums underwritten by insurers declined by 4.17% to Rs 30,677 crore from Rs 32,011 crore in the previous year, despite significant crop losses due to adverse weather conditions. Key …
Read MoreWhy in the news? The Ministry of Statistics and Programme Implementation (MoSPI) released the Annual Survey of Unincorporated Enterprises ( ASUSE) for 2022-23. Uttar Pradesh, West Bengal, and Maharashtra had the highest share of informal sector enterprises in both rural and urban areas source: IE Key Findings of the Survey: The survey highlighted the employment …
Read MoreWhy in the news? Indian corporates mobilized nearly ₹85,000 crore through equity issuances, including IPOs and preferential allotments, in April and May FY25. SME IPOs led the surge, with 44 companies getting listed amidst SEBI concerns over potential price manipulation. source:quora About Initial Public Offering (IPO): Initial Public Offering (IPO) is the process by which …
Read MoreWhy in the news? India’s indigenous defence production reached a record high of Rs 1.27 lakh crore in 2023-24, reflecting a 16.7% growth. Defence Minister Rajnath Singh emphasised the government’s commitment to making India a leading global defence manufacturing hub. source:mod About Defense Acquisition Council (DAC): Purpose: Highest decision-making body in the Defence Ministry for …
Read MoreWhy in the news? Chandrababu Naidu accused YSR Congress leader Jagan Mohan Reddy of leaving Andhra Pradesh in a poor economic state. Met with Prime Minister Modi and six Union Ministers with demands for Andhra Pradesh. Requested short-term financial support and assistance for Polavaram irrigation project. States with Special Category Status (SCS): 11 states: Assam, …
Read MoreWhy in the news? RBI Executive Director Neeraj Nigam highlights the need to increase credit supply to women. Currently, only 7% of the total outstanding MSME loans are to women-led businesses. Nigam spoke at the “Financing Women Collaborative” event organised by Niti Aayog and Transunion Cibil. Female Labour Force Participation: Female labour force participation in …
Read MoreWhy in the news? The prices of vegetarian and non-vegetarian food plates have surged, reaching six and seven-month highs in June, respectively. CRISIL’s food cost tracker highlights significant inflation in key ingredients such as tomato, onion, potato, rice, and pulses, with official food inflation at 8.7% in May. Source: Forbes Key Developments The average cost …
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