Brajesh Mohan - RBI, SEBI, NABARD

18 April 2023 11:54

Pou Chen Corporation, the world’s largest contract manufacturer of branded athletic and casual footwear, is planning to set up a new manufacturing facility in Tamil Nadu.

Apple Chief Executive Tim Cook has launched the company's first retail store in India in the financial capital Mumbai. The new stores come at a time when Apple is trying to deepen its retail push in India, the world's second largest smartphone market.

India is also rising as a manufacturing base for the iPhone as Apple diversifies its supply chains away from China. India now accounts for 7% of total iPhone production.

What is the China-plus-one strategy? Coined way back in 2013, it is a global business strategy. China-Plus-One, or just Plus One refers to a strategy in which companies avoid investing only in China and diversify their businesses to alternative destinations.

Brajesh Mohan - RBI, SEBI, NABARD

18 April 2023 10:05

RTI Reply: UPSC EPFO EO/AO & APFC - No of Application

Total Application - 9,52,605

No separate data for both the posts have been provided, but most people have filled both the form expect few who were not eligible for EO/AO due to age criteria.

Follow 👉 @brajeshmohan and @descriptive_bankexam for Regular updates on Banking and Regulatory Exams.

Brajesh Mohan - RBI, SEBI, NABARD

16 April 2023 09:46

SIDBI Gr A INTERVIEW CALL LETTER OUT 2023

https://ibpsonline.ibps.in/sidbiamdec22/intcla_apr23/login.php?appid=8d21a5ed42a2066afa392e7b5b8312f5

As promised earlier, a free mock interview will be conducted for all those who have been taking guidance. If you're interested, you too can schedule a mock interview by sending me a message.

Date and timing will be provided according to your original date of interview.

Fill the Form: https://forms.gle/VrLQjGDAa3GS4uPk7

Brajesh Mohan - RBI, SEBI, NABARD

15 April 2023 10:36

The Jupiter Icy Moons Explorer (JUICE) has lifted off from French Guiana to begin its eight-year journey to Jupiter and its icy moons, which scientists think could support living organisms.

Led by the European Space Agency (ESA), JUICE will explore three of Jupiter’s largest moons – Ganymede, Callisto and Europa. Under their icy surfaces are thought to be huge oceans of water – a crucial ingredient for life.

Jupiter is about 318 times the size of Earth and has 80 to 95 moons orbiting it, according to NASA. JUICE will investigate Jupiter’s gaseous complex surface in depth and its relationships with the oxygen and icy sub-surface saltwater ocean moons.

Brajesh Mohan - RBI, SEBI, NABARD

15 April 2023 09:34

Credit card spends touched an all-time high of Rs 1.37 trillion in March 2023. It’s for the 13th consecutive month that credit card spends have topped the Rs 1-trillion mark, reflecting the increase in consumer spending since the easing of the Covid pandemic.

The banking industry added about 1.93 million credit cards in March, taking the outstanding credit card base to 85.3 million cards. In FY23, around net 11.67 million cards were added -- a marginal rise from the 11.15 million additions in FY22.

The net addition in credit cards was led by Axis Bank (2.34 million) as Citibank’s credit card portfolio was subsumed by the bank. Axis Bank’s card base expanded to 12.1 million as of March 31. The country’s largest credit card issuer -- HDFC Bank -- added 236,770 cards in March, taking its card base to 17.53 million at the end of March 2023.

As far as market share is concerned, HDFC Bank has the biggest market share -- both in terms of cards in force (CIF) and spends followed by SBI Card.

Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 06:45

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Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 06:40

NABARD Grade A 2023 Notification is expected soon, Descriptive Plays important role in your final selection. In Phase II out of 200 Marks, 150 comes from Descriptive, so it requires lots of practice and knowing important tips and tricks.

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Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 05:00

India improved its ranking by six spots in the latest Business Environment Rankings (BER) globally, according to data released by the Economist Intelligence Unit (EIU).

The upward shift is due to its improved score in parameters like technological readiness, political environment, and foreign investment among others.

The BER measures the attractiveness of the business environment in 82 countries on a quarterly basis across 91 indicators.

The rankings for the second quarter of 2023 show that Singapore, Canada, and Denmark will be the three countries with the best business environment over the next five years.

Read in Detail Here: https://www.business-standard.com/india-news/india-improves-its-ranking-by-6-spots-in-global-biz-environment-rankings-123041301015_1.html

Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 04:41

It measures the degree to which tax revenue increases or decreases in response to changes in the economy or tax policy.

For instance, if the economy grows by 5% and the direct tax revenue increases by 7%, the direct tax buoyancy would be 1.4 (i.e., 7%/5%). Similarly, if the economy contracts by 2% and the direct tax revenue decreases by 1%, the direct tax buoyancy would be 0.5 (i.e., -1%/(-2%)).

A buoyancy of greater than one indicates that the tax system is elastic and tax revenue will increase more than proportionately to changes in the tax base. Conversely, a buoyancy of less than one indicates that the tax system is inelastic, and tax revenue will increase less than proportionately to changes in the tax base.

Brajesh Mohan - RBI, SEBI, NABARD

13 April 2023 04:14

UNCTAD - Trade and Development Report 2023

India's economic growth is projected to decelerate to 6 per cent in 2023 from 6.6 per cent in 2022, according to the United Nations

The UN Trade and Development Conference (UNCTAD) in its latest Trade and Development Report Update released Wednesday expects global growth in 2023 to drop to 2.1%, compared to the 2.2% projected in September 2022, assuming the financial fallout from higher interest rates is contained to the bank runs and bailouts of the first quarter.

The report said that India grew 6.6 per cent in 2022, ceding the pole position among G20 countries in 2022 to oil-rich Saudi Arabia, which grew at 8.6 per cent. Meanwhile, as current government spending has been weakening, but export orders remain on the rise, India's GDP growth is projected to decelerate to 6.0 per cent in 2023.

Brajesh Mohan - RBI, SEBI, NABARD

10 April 2023 12:30

Dear Subscriber,

PIB Summary for March 2023 has been sent to you, please check your email.

No Of Pages - 110

What has been Covered in this Month PDF? - Programs and Policies, RBI/SEBI Circulars, Reports and Indices, Agriculture and Rural Development News.

Sorry for Delay and Inconvenience this month, Next Monthly PIB will be available by 5th May 2023

Brajesh Mohan - RBI, SEBI, NABARD

08 April 2023 06:12

The government on Thursday (6th April) amended the domestic pricing model of natural gas in line with the recommendations of the Kirit Parikh committee on gas pricing.

Earlier, the prices of natural gas produced from legacy or old fields also known as APM gas was priced based on the benchmark rates of gas in surplus nations like the US, Canada, and Russia. Now, the Government has decided to index the APM prices to the price of imported crude oil.

The price of such natural gas shall be 10% of the monthly average of Indian Crude Basket and shall be notified on a monthly basis.

The move will make PNG or cooking gas cheaper by 10% and lower the cost of CNG by 6-9%. The reduced prices shall also lower the fertilizer subsidy burden and help the domestic power sector.

Explained: https://indianexpress.com/article/explained/explained-economics/changes-domestic-gas-pricing-formula-math-rationale-consumers-affected-8544231/

Brajesh Mohan - RBI, SEBI, NABARD

05 April 2023 06:13

The Securities and Exchange Board of India (Sebi) plans to introduce the Mutual Fund (MF) Lite regulations for asset management companies (AMCs) offering passive-only products in the current financial year.

Active funds have a dedicated fund manager who looks after all the selling and buying decisions while carefully looking at the market dynamics. On the other hand, passive funds tend to mimic a benchmark index to deliver returns that closely resemble the benchmark outcome.

Active management requires frequent buying and selling in an effort to outperform a specific benchmark or index. Passive management replicates a specific benchmark or index in order to match its performance. Active management portfolios strive for superior returns but take greater risks and entail larger fees.

Brajesh Mohan - RBI, SEBI, NABARD

05 April 2023 05:07

The WB's latest India Development Update pegged the country's growth rate at 6.3% during the current financial year, compared to an earlier estimate of 6.6%.

Similarly, ADB's Asian Development Outlook (ADO) projected a GDP growth rate of 6.4% this year, against 7.2% projected earlier, with a pick-up next year.

As per World Bank, India’s headline inflation (retail inflation) would decline to an average of 5.2% in the current fiscal from 6.6% last fiscal as global commodity prices ease and there is some moderation in domestic demand, it added.

The ADB said the current account deficit is projected to decline to 2.2% of GDP in the current fiscal and 1.9% in 2024-25.

Brajesh Mohan - RBI, SEBI, NABARD

05 April 2023 04:42

The proposed amendments, cleared by Parliament, to the Competition Act gives more powers to the Competition Commission of India (CCI) in pursuing what it sees as anti-competitive behaviour.

The Bill, which amends the Competition Act, 2002 for the first time since 2007, allows the CCI to penalize entities found engaging in anti-competitive behaviour based on their global turnover, as opposed to their income in India alone.

The Act also empowers the CCI to pass orders in relation to anti-competitive agreements and the “abuse of dominant position”, by imposing a penalty that can either go up to 10% of the average income or turnover for the three preceding financial years.

The changes will also give the CCI a greater say in mergers and acquisitions, as entities will have to seek its approval if deals are worth more than ₹2,000 crore, and if both parties have substantial business operations in India.

Brajesh Mohan - RBI, SEBI, NABARD

18 April 2023 11:42

In its panel ruling, the WTO upheld claims against India and found that India's tariffs of up to 20% on certain ICT products, such as mobile phones, were not in line with its WTO commitments, and thus are "inconsistent".

Bilateral consultation is the first step to resolve a dispute. If both the sides are not able to resolve the matter through consultation, either of them can approach for the establishment of a dispute settlement panel. The panel's ruling or report can be challenged at the World Trade Organization's appellate body.

Interestingly, the appellate body of the WTO is not functioning because of differences among member countries to appoint members in this body. Several disputes are already pending with the appellate body. The US has been blocking the appointment of the members.

Read More Details on Impact: https://www.business-standard.com/india-news/world-trade-organisation-panel-rules-against-india-s-ict-tariffs-123041701075_1.html

Brajesh Mohan - RBI, SEBI, NABARD

16 April 2023 15:19

❇️ RBI ASSISTANT & RBI GRADE B 2023

Assistant Prelim - 9th/15th July 2023

Grade B Prelim - 2nd July 2023; Mains - 30th July 2023

Source - Aakash Sir

Disclaimer: These are expected and Tentitive exam dates based on the availabile information. The purpose is just to make you aware about date, so that you can plan accordingly.

Follow 👉 @brajeshmohan and @descriptive_bankexam and @agrilearn_nabard for Daily updates on Banking and Regulatory Exams

Brajesh Mohan - RBI, SEBI, NABARD

15 April 2023 10:44

Weekend Story - If you possess a unique talent, become passionate and immerse yourself in it, derive enjoyment in doing it. “When passion meets work, work becomes a hobby.”

Brajesh Mohan - RBI, SEBI, NABARD

15 April 2023 10:21

8th anniversary of the PMMY: The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015 by Prime Minister Shri Narendra Modi with the aim to facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small and micro entrepreneurs for income generating activities.

Achievements: More than 40.82 crore loans amounting to ₹23.2 lakh crore have been sanctioned since launch of the Scheme. Approximately 21% of the total loans have been sanctioned to New Entrepreneurs. Approximate 69% loans of the total number of loans have been sanctioned to Women Entrepreneurs & 51% loans have been sanctioned to SC/ST/OBC categories of borrowers.

The implementation of financial inclusion programme in the country is based on three pillars, namely, Banking the Unbanked (PMJDY), Securing the Unsecured (PMSBY, PMJJBY, APY) and Funding the Unfunded (PMMY).

Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 07:02

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Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 06:41

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Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 06:09

What is Dabba trading? (its kind of Gambling on the price movement of stocks listed on exchange)

Suppose a client wants to place a bet on the stock of TCS, believing that the stock price will increase in the near future. The trader accepts cash from the client and places a corresponding bet with the dabba operator, recording the transaction in the parallel set of books. If the stock price of TCS goes up, the trader would pay the client the profit in cash, while keeping a part of the profit as commission. If the stock price goes down, the trader would keep the entire amount of cash and not pay anything to the client.

This type of trading is illegal and not regulated by any government authority, and it deprives the government of tax revenue. It also poses a risk to investors who engage in such trading, as there is no guarantee of fair play, and the traders involved could engage in fraudulent activities.

Brajesh Mohan - RBI, SEBI, NABARD

14 April 2023 04:56

Key Data/Facts related to India's Export and Import - Prelim and Mains

Russia holds the fourth position among India's top 10 merchandise import destinations, as imports from the country grew five times during the financial year, according to data from the Ministry of Commerce.

China, the U.A.E. and the U.S. are India's top import source nations in FY23.

India's overall trade export estimates stood at $770.1 billion, exceeding $20 billion from the target figure, with services leading the overall export growth.

A look at export destinations shows that the U.S., with 17.5% share, retains the top spot for Indian exports. An outlier this year has been the Netherlands. It has emerged as the third biggest export destination, capturing a 4.67% share in the total exports in fiscal 2023.

Total Exports (goods + services) of India in 2022-23 = $447 billion + $323 billion = $770 billion = 23% of GDP

Total Imports (goods + services) of India in 2022-23 = $ 714 billion + $178 billion =$892 billion = 27% of GDP

Brajesh Mohan - RBI, SEBI, NABARD

13 April 2023 04:25

The Reserve Bank of India (RBI) has announced draft norms on penal charges levied by banks and non-banking finance companies (NBFCs) on loan accounts to bring in transparency and to ensure such charges are reasonable.

RBI said that the intent of levying penal interest or charges is essentially to inculcate a sense of credit discipline among borrowers through negative incentives and to ensure fair compensation to the lender. Penal interest or charges are not meant to be used as a revenue enhancement tool over and above the contracted rate of interest

The new rules would be applicable to all entities regulated by the RBI, including all commercial banks, co-operative banks, NBFCs (including housing finance companies), and All India Financial Institutions like EXIM Bank, NABARD, NHB, SIDBI and NaBFID.

Penal charges on loan accounts by banks in India refer to the fees or charges imposed by banks on borrowers who fail to make timely repayments or default on their loan obligations.

Brajesh Mohan - RBI, SEBI, NABARD

13 April 2023 04:08

Debt-to-GDP ratio is a measure that compares a country's total debt to its total economic output, as measured by its Gross Domestic Product (GDP). It is expressed as a percentage. For example, if a country has a total debt of $1 trillion and a GDP of $2 trillion, its debt-to-GDP ratio would be 50% ($1 trillion divided by $2 trillion, multiplied by 100).

A high debt-to-GDP ratio indicates that a country has a large debt burden relative to its economic output, which could make it difficult to pay back its debts or finance future expenditures. A low debt-to-GDP ratio indicates a lower debt burden and greater fiscal flexibility.

However, high debt-to-GDP ratio isn't necessarily a bad thing in all cases. For example, if a country such as India has a strong and growing economy, it may be able to support a higher level of debt. Same applies with stable countries like USA, as it is a stable economy and its debt are in its own currency.

Brajesh Mohan - RBI, SEBI, NABARD

08 April 2023 06:16

Recent Committees in News - 2023

Digital Competition Law: In February 2023, the GoI constituted an ‘inter-ministerial committee’ to draft a digital competition act within three months. Manoj Govil heads the 16-member inter-ministerial committee.

NPS Committee: The Government of India (GoI) has decided to form a committee led by Finance Secretary TV Somanathan to recommend ways to reform the National Pension System (NPS) for government employees.

MDB Reforms: Under the aegis of India's G20 Presidency, a 11-member expert group has been set up to suggest measures to strengthen multilateral development banks (MDBs). The panel is co-chaired by Larry Summers and NK Singh.

Tur Dal Stock: The Union Government has constituted a Committee under the chairmanship of Additional Secretary Nidhi Khare to monitor the stock of Tur Dal commodities.

Ro-Ro and RoPax Service: The Ministry of Ports, Shipping and Waterways (MoPSW) has constituted a High-Level Committee headed by Sanjay K. Mehta (SK Mehta), Chairman of Deendayal Port Authority (DPA), Gandhidham, Gujarat, to draft the revised guidelines for the operation of Roll on-Roll off (Ro-Ro) and Roll on-Passenger (Ro-Pax) ferry service.

Real Estate Committee: The Union Housing and Urban Affairs Ministry has set up a 14-member committee headed by former NITI Aayog CEO Amitabh Kant, to examine issues related to stalled real estate projects and recommend various ways for their completion.

Brajesh Mohan - RBI, SEBI, NABARD

08 April 2023 06:04

Aided by a strong response from the non-government sector—individuals and corporate sector categories — the overall assets under management of the market-linked National Pension System (NPS) and Atal Pension Yojana (APY) touched almost ₹9 lakh crore as of March 2023.

NPS now manages about ₹9 lakh crore for a 6.32 crore subscriber base, which is quite creditable compared to the ₹11 lakh crore managed by the Employees Provident Fund (EPF) for about 26 crore legacy subscribers.

The Finance Ministry has set up a four-member committee under the chairmanship of Finance Secretary TV Somanathan to suggest measures to improve the pensionary benefits of government employees covered under the National Pension System (NPS).

Brajesh Mohan - RBI, SEBI, NABARD

05 April 2023 05:42

Windfall gains tax was levied by the government to tax super-normal profits of oil producers and fuel exporters. The levies, which are in the form of cesses under the central excise, are revised once every fortnight based on the movement in margins on fuels in the international market and global crude oil prices.

These levies were first imposed on July 1, 2022 due to the surge in global oil and fuel prices in the aftermath of Russia’s invasion of Ukraine.

Brajesh Mohan - RBI, SEBI, NABARD

05 April 2023 04:47

The union government will issue tenders for 50 GW of renewable energy capacity annually till FY28.

Cumulatively, from FY24 to FY28, India plans to bid out projects worth 250 GW renewable energy capacity till FY28.

In the current fiscal, government renewable energy implementing agencies would bid out at least 15 GW renewable energy capacity in the first (April-June) and second quarter (July-September) each. 10 GW each During the quarters ending December and March of FY24.

As of February 28, India’s renewable energy installed capacity stood at 168.96 GW with 82.62 GW under implementation and 40.89 GW under the tendering process.

The move comes in the backdrop of the Centre’s commitment to achieve about 50% cumlative electric power installed capacity from non-fossil fuel-based energy resouces by 2030, and a reduction of the emissions intensity of our GDP by 45% as against 2005 levels by 2030.

Brajesh Mohan - RBI, SEBI, NABARD

05 April 2023 04:36

NMP estimates aggregate monetisation potential of Rs 6.0 lakh crores through core assets of the Central Government, over a four-year period, from FY 2022 to FY 2025.

NMP's second year, ie FY23's target is projected at Rs 1.6 lakh crore (27 percent of the overall NMP target) under Core-Asset Monetisation.

NITI Aayog in consultation with infra line ministries has prepared the report on NMP. This includes more than 12 line ministries and more than 20 asset classes.

The top 5 sectors (by estimated value) capture ~83% of the aggregate pipeline value. These top 5 sectors include: Roads (27%) followed by Railways (25%), Power (15%), oil & gas pipelines (8%) and Telecom (6%).