Category: Economy Institutions
International Tropical Timber Council (ITTC)
The 59th International Tropical Timber Council (ITTC) was held at Pattaya, Thailand in 2023.
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.
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)
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.
Tax Base Widens
Direct Taxes Data shows robust growth in gross total income of individuals and a widening tax base.
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.
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.
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
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.
Financial Action Task Force
Financial Action Task Force (FATF) considers a set of binding rules to bring fugitive economic offenders across countries to justice.
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.
Neo Banks
Reserve Bank of India is hesitant to grant NBFC licenses to neo-banks such as PhonePe, Razorpay, BharatPe, OkCredit, and NiYo.