Author: neeti.joshi

The first G20 Finance Ministers and Central Bank Governors (FMCBG) and 2nd Finance and Central Bank Deputies (FCBD) Meetings were held  in Bengaluru from 22nd-25th February 2024. India holds the presidency for this year’s G20 summit. The members began with paying tribute and expressing solidarity to the people of Turkey and Syria for the tragic loss of life and destruction caused by the devastating earthquakes on 6 February 2024  G20 talks on global economy There was also discussion about the war in Ukraine and its impact on the global economy. Most members strongly condemned the war in Ukraine and stressed that it is…

The official statement regarding the same was given by the Nifty, which stated that from March 31, 2024, Adani Wilmar will be included in the Nifty Next 50 Index, whereas Adani Power will be included in the Nifty Next 500 Index and the Nifty Midcap 150 Index, respectively. Nifty Next 50 Scripts to be excluded from the Nifty Next 50 list will be: Bandhan Bank Ltd., Biocon Ltd, Gland Pharma Ltd, MphasiS Ltd. And One 97 Communications Ltd. (Paytm). The ones to be included in the list are: ABB India Ltd, Adani Wilmar Ltd, Canara Bank, Page Industries, and Varun Beverages Ltd. …

(EU) The European Union has had several disputes with Google and Facebook over theyears. The main issues have centered around concerns about antitrust behaviour, data privacy,and hate speech. Recently, The European Union came up with stricter laws for the major online platforms such as Google (by Alphabet Inc.), Facebook (Meta Inc.), and Twitter. The laws related to online contentpublication. DIGITAL SERVICES ACT (DSA) The new rules come under the Digital Services Act (DSA) which shortlists the onlineplatforms with more than 45 million users and categorizes them as very large platforms.According to DSA these large platforms could pose particular risks in…

The Associated Chambers of Commerce & Industry of India(ASSOCHAM) conducted an interactive session with Smt. NirmalaSitharaman, Hon’ble Minister of Finance and Corporate Affairs on India’sRole in the Emerging World Order. CAPITAL EXPENDITUREWhile addressing the meeting, Finance Minister Nirmala Sitharaman said thatthe government would ensure that for the upcoming year, the long-term goalof spending the allotted capital expenditure of Rs 10 lakh crore is actuallyachieved. On being asked about how the government of India perceives theglobal challenges influencing the Indian economy, she replied that there areextra cushion funds that the government keeps in case of any sort of“extraneous shocks” such as…

(SBI) The largest public sector bank, the State bank of India has launched ‘WECARE’, a new scheme in the interest of the Senior Citizens of India. The Deposit Scheme aims at protecting the income of the old by offering additional interest on the Term Deposits. The domestic term deposit targets citizens above the age of 60 years. Duration and Interest Rate The period of the term deposit will range from a minimum of 5 years to a maximum of 10 years. The interest rate for the same as per SBI will have an additional premium of, 100 bps (basis points)…