International Tropical Timber Organisation
Posted in Economy Agriculture Economy Institutions

International Tropical Timber Council (ITTC)

The 59th International Tropical Timber Council (ITTC) was held at Pattaya, Thailand in 2023.

Posted in Economy Economy Institutions International Groupings

IMF Quotas and Special Drawing Rights (SDR)

The executive board of the International Monetary Fund (IMF) approved a proposal to make a 50 per cent increase in the quota allocated to members in proportion to their current quotas.

Posted in Economy Economy Institutions International Groupings World Affairs

World Gold Council

Demand for gold in India grew by 10% in Q3 2023 (July-September) as compared with the same period last year according to data released by the World Gold Council (WGC)

NHAI
Posted in Energy and Infrastructure Economy Institutions

Infrastructure Investment Trust (InvITs) | NHAI

The National Highways Authority of India (NHAI) said it awarded two highway monetization projects in the toll, operate, and transfer (TOT) mode.

Posted in Economy Economy Concepts Economy Institutions

Tax Base Widens

Direct Taxes Data shows robust growth in gross total income of individuals and a widening tax base.

Posted in Economy Economy Institutions

International Coffee Organization (ICO)

5th World Coffee Conference was inaugurated in India by ICO, in association with Coffee Board of India which is being held for the first time in an Asian coffee-producing country.

Posted in Economy Agriculture Economy Institutions

Rubber Board

Rubber Board, jointly with the Central government and the Automotive Tyre Manufacturers’ Association, is implementing a project to expand the area under natural rubber in the North-eastern States.

Posted in Economy Economy Institutions

Non-Banking Financial Companies (NBFCs)

RBI has placed 15 non-banking finance companies (NBFCs) in the Upper Layer (NBFC-UL) under Scale Based Regulations (SBR) for non-bank lenders.

Multilateral Development Bank
Posted in Economy Institutions

Multilateral Development Bank

As leaders gather for G-20 Summit in New Delhi, experts said securing consensus on multilateral development bank (MDB) reforms and adopting rigorous language regarding the phasing down of unabated fossil fuels could enhance India’s leadership role.

Posted in World Affairs Economy Economy Institutions International Groupings

Financial Action Task Force

Financial Action Task Force (FATF) considers a set of binding rules to bring fugitive economic offenders across countries to justice.

Posted in Economy Economy Institutions

Urban Cooperative Banks (UCBs)

RBI Governor highlighted the need for the UCBs to strengthen financial and operational resilience to contribute to the overall financial and banking sector stability.

Posted in Economy Economy Institutions

Neo Banks

Reserve Bank of India is hesitant to grant NBFC licenses to neo-banks such as PhonePe, Razorpay, BharatPe, OkCredit, and NiYo.