drishti ias current affairs magazine pdf

drishti ias current affairs magazine pdf 

drishti ias current affairs magazine pdf published this article page no   88 diversify freight basket there is need to take steps to diversify their freight basket to enhance freight earnings and also exploit its idle assets to increase other earnings.improve service quality to keep railway stations and trains clean punishable law can be introduced along with improving food quality and amenities at railway station train coaches etc.revisit tariffs it is imperative to revisit the passenger and other coaching tariffs so as to recover the cost of operations in a phased manner and reduce its losses in its core activities. 3.8. news in shorts guidelines for central public sector enterprise (cpse) disinvestment released by ministry of financeguidelines are aimed at privatisation merger closure or subsidiarisation of nonstrategic cpses to implement new pse policy.key provisions o department of public enterprises to identify cpses for closure or privatization in nonstrategic sectors and prepare note for cabinet committee on economic affairs approval. o once approved disinvestment or closure process to be completed within seven months.disinvestment typically refers to selling or liquidating an asset or subsidiary either as a strategic move or for raising resources. it is also referred to as divestment or divestiture.main objectives are to reduce financial burden on government introduce competition and market discipline encourage wider share of ownership etc.based on the percentage of stake sale it is of three types o minority disinvestment government retains a majority stake (more than 51%) and management control. e.g. ongc limited. o strategic disinvestment sale of 50% or even higher portion of the government shareholding along with transfer of management control. e.g. planned sale of bpcl. o complete disinvestment majority disinvestment where 100% control of the company is passed on to a buyer. e.g. recent sale of air india.new public sector enterprise (pse) policy o notified in february 2021 for atmanirbhar bharat new policy classified cpses into strategic and nonstrategic sectors with exemption to certain cpses which are not for profit or support the vulnerable and weaker sections drishti ias current affairs magazine pdf buy. 

drishti ias current affairs magazine pdf 

drishti ias current affairs magazine pdf

drishti ias current affairs magazine pdf

drishti ias current affairs magazine pdf published this article page no   89 payments bankrecently paytm payments bank was accorded scheduled bank status by the reserve bank of india. benefits of getting scheduled bank statusscheduled banks refer to those banks which have been included in the second schedule of reserve bank of india act 1934. o other payments banks that have been added are fino payments bank and india post payments bank.with the scheduled bank status paytm payments bank can explore new business opportunities take part in request for proposals issued by the government and other large corporations primary auctions fixedrate and variable rate repos and reverse repos.it can also participate in marginal standing facility and will be eligible to partner in governmentrun financial inclusion schemes.  it is now eligible for refinancing facility from the rbi at the bank rate acquire membership to clearing house and get access to currency storage facility. about payments bankthey were created on recommendations of rbis committee on comprehensive financial services for small businesses and low income households headed by nachiket mor in 2013.it is registered under companies act 2013 and licensed under banking regulation act 1949. o a promoter  promoter group can also have joint venture with an existing scheduled commercial bank.it has to maintain cash reserve ratio (crr) with rbi and invest in eligible government securities treasury bills under statutory liquid ratio (slr).it can access interbank uncollateralised call money market and collateralized repo and cblo market for temporary liquidity management drishti ias current affairs magazine pdf buy.

drishti ias current affairs magazine pdf

drishti ias current affairs magazine pdf

drishti ias current affairs magazine pdf 

drishti ias current affairs magazine pdf published this article page no   90 minimum paidup equity capital of the payments bank is inr 100 crores and it is required to maintain a minimum capital adequacy ratio of 15%.promoters of the payments bank should hold at least 40% of its paidup equity capital for the first 5 years. 3.8.3. irdai retains lic gic new india as domestic systemically important insurers (dsiis)life insurance corporation of india (lic) general insurance corporation of india (gic) and new india have been identified like in 202021 as dsiis for 202122. o dsiis are identified on an annual basis by insurance regulatory and development authority of india (irdai).dsiis refer to insurers of such size market importance and domestic and global inter connectedness whose distress or failure would cause a significant dislocation in the domestic financial system. o their continued functioning is thus critical for the uninterrupted availability of insurance services to the national economy. o they are perceived as insurers too big or too important to fail.parameters for identification of dsiis o size of operations in terms of total revenue including premium underwritten and value of assets under management. o global activities across more than one jurisdiction.  due to their importance dsiis are subjected to additional regulatory measures to deal with the systemic risks and moral hazard issues.similarly rbi identifies domestic systemically important banks (dsibs) or banks that are considered as too big to fail. o sbi icici bank and hdfc bank are identified as dsibs for 202021. 3.8.4. sebi seeking to regulate algo tradingalgorithmic trading or algo trading is a computer assisted buying and selling of stocks. o under it preprogrammed computer strategies execute buy and sell trades depending on set parameters instructions or market pattern and conditions. o around 50 per cent of the daily trading volume in indian stock markets is through an advanced form of algo trading.benefits of algotrading it can place highvolume orders at high speed reduction of transaction costs can identify differently priced stocks avoid significant price changes highly accurate without any human errors drishti ias current affairs magazine pdf buy.

drishti ias current affairs magazine pdf