Supreme Court gives 3 months to SEBI to wrap up Adani probe.

Context: Refusing to hand over a probe into allegations of the Hindenburg Research report on Adani Group to a Special Investigation Team, the Supreme Court asked market regulator SEBI to continue with its investigations and complete the probe in three months. Background: In late January, Hindenburg Research, which specialises in short selling, published a report critical of

Insurance Regulatory and Development Authority of India (IRDAI)

Insurance Regulatory and Development Authority of India (IRDAI) IRDAI cuts minimum capital requirement for foreign reinsurance branches from Rs 100 crore to Rs 50 crores with the provision to repatriate any excess assigned capital. The move is intended to Increase the overall capacity of the reinsurance sector to accommodate growing demand and manage larger risks. broader goa

National Investment Infrastructure Fund (NIIF)

National Investment Infrastructure Fund (NIIF)     The NIIF was launched in 2015 as India’s first state-backed fund. JBIC will contribute 51 per cent of that figure and the rest will be contributed by India. for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects. The fund was set up as Category II

The FDI of India has been falling

The FDI of India has been falling     Why in the News? Though the figures of GDP growth and geopolitical scenario indicate the economic rise of India, its FDI has been falling. India’s falling Foreign Direct Investment (FDI): India’s growth prospects: The Indian economy grew at 7.8% in the first quarter of the ongoing financial year and is

Household savings

Household savings   Why in the News? The RBI Monthly Bulletin in September has revealed that households’ net financial savings had fallen to 5.1% from 11.5% in 2020-21. Financial liabilities of households rose faster than their assets which might be an indication of rising indebtedness and increasing distress.  Government’s claim: The househo

Short Selling

Short Selling     The Enforcement Directorate’s preliminary investigation has concluded that the “top beneficiaries” of short selling in shares of Adani Group companies, post release of the Hindenburg Research report and the subsequent market crash, are based in tax havens. Short sellers are investors who believe and bet that sh