Sebi withdraws permanent recognition granted to ICEX

Sebi withdraws permanent recognition granted to ICEX

SEBI has withdrawn the recognition granted to the Indian Commodity Exchange Limited (ICEX). The withdrawal of recognition follows an order passed by SEBI on May 10 after finding the bourse non-compliant on several grounds like net worth and infrastructural requirements. After this, the ICEX has been directed to transfer the money available in the Investor Protection Fund and Investor Services Fund of […]

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Moody's cuts CY22 India GDP growth forecast to 8.8% amid rising inflation

Moody’s cuts CY22 India GDP growth forecast to 8.8% amid rising inflation

Moody’s Investors Service has cut its gross domestic product (GDP) growth forecast for India to 8.8% for calendar year 2022 (CY22) from its March estimate of 9.1%. Reason: Rising inflation and interest rates will temper the economic growth momentum. It projected inflation to be around 6.8% and 5.2% for 2022 and 2023, respectively. Earlier, the S&P Global Ratings had cut

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RBI issues norms for gold import by qualified jewellers through IIBX

RBI issues norms for gold import by qualified jewellers through IIBX

The Reserve Bank of India (RBI) has issued norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers in India. As per the guidelines, banks may allow Qualified Jewellers to remit advance payments for 11 days for import of gold through IIBX in compliance to the extant Foreign Trade Policy and regulations

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Delhi Customs launches Project ‘NIGAH’ at ICD Garhi Harsaru, Gurugram

Delhi Customs launches Project ‘NIGAH’ at ICD Garhi Harsaru, Gurugram

Chief Commissioner, Delhi Customs Zone, Shri Surjit Bhujabal inaugurated project ‘NIGAH’ at ICD Garhi Harsaru, Gurugram. ICTM (ICD Container Tracking Module) has been developed in collaboration with the Custodian M/s. GRFL. A live demo of the project was given to all the participants. The function was attended by Commissioner of Customs, ICD Patparganj & Other

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HDFC Securities launched Robo-advisory platform ‘HDFC Money’

HDFC Securities launched Robo-advisory platform ‘HDFC Money’

Broking house HDFC Securities has launched HDFC Money, a robo-advisory investment platform that will offer mutual fund schemes and other financial products without the need of a demat account. Apart from mutual funds, one can also manage other aspects of finances such as accessing, managing, and tracking portfolios, starting goal planning, insurance planning, creating e-Wills

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UPSC

ADITYA : INDIA’S FIRST SOCIAL FERRY- UPSC Daily Important Topic | 28 May 2022

ADITYA : INDIA’S FIRST SOCIAL FERRY. ✓India’s first solar-powered ferry, Aditya, is among 12 such ferries that have been shortlisted for the Gustave Trouvé Award. It is the sole entrant from Asia. ✓Aditya, largest solar-powered boat in India, operates between Vaikkom and Thavanakkadavu, Kerala. Operated by the Kerala State Water Transport Department (KSWTD), the vessel

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