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Daily Archives: May 30, 2024

GK Quiz on Highest Peaks in India

GK Quiz on Highest Peaks in India, Questions and Answers

India, a land of diverse landscapes and majestic mountains, is home to some of the highest peaks in the world. These towering summits are not only geographical landmarks but also hold significant cultural and historical importance. To test your knowledge about these magnificent peaks, here’s a comprehensive quiz that covers the highest peaks in India. …

Difference Between Himalayan Rivers and Peninsular Rivers

Difference Between Himalayan Rivers and Peninsular Rivers

India’s rivers are primarily divided into two major categories: Himalayan rivers and Peninsular rivers. These two river systems differ significantly in terms of their origin, flow patterns, geological features, and impact on the regions they traverse. Understanding these differences is crucial for appreciating the diverse hydrography of the Indian subcontinent. What are Himalayan Rivers? Himalayan …

SEBI Shortens Commodity Derivatives Delivery Period to Boost Liquidity

SEBI Shortens Commodity Derivatives Delivery Period to Boost Liquidity

In a strategic move to improve liquidity in the commodity derivatives market, the Securities and Exchange Board of India (SEBI) has reduced the deliverable period for commodity derivatives from the previous 5 days to 3 days. This regulatory change is set to take effect from July 1, 2024, and will apply to contracts with staggered …

IRDAI Mandates Shorter Audit Tenures to Boost Governance in Insurance Sector

IRDAI Mandates Shorter Audit Tenures to Boost Governance in Insurance Sector

In a move aimed at strengthening corporate governance in the insurance industry, the Insurance Regulatory and Development Authority of India (IRDAI) has issued new guidelines that reduce the engagement period of statutory auditors with insurance companies from 10 years to 4 years. This strategic decision is poised to ensure regular rotation and independence of audit …

Income Tax Department Sets Cost Inflation Index for FY 2024-25

Income Tax Department Sets Cost Inflation Index for FY 2024-25

In its latest notification, the Income Tax department has established the Cost Inflation Index (CII) for the financial year 2024-25 at 363. This index is crucial for taxpayers as it aids in computing long-term capital gains arising from the sale of various capital assets, including immovable property, securities, and jewellery. The CII serves as a …

Asian Development Bank's $2.6 Billion Sovereign Lending to India in 2023

Asian Development Bank’s $2.6 Billion Sovereign Lending to India in 2023

The Asian Development Bank (ADB) committed $2.6 billion in sovereign lending to India in 2023, aiming to bolster various sectors including urban development, power, industry, horticulture, connectivity, and climate resilience. Focus Areas of ADB’s Sovereign Loans The loans target projects fostering India’s structural transformation, job creation, infrastructure enhancement, green growth, and socioeconomic inclusiveness, integrating smart …

Length of the Yamuna River

What is the Length of the Yamuna River?

The Yamuna River, one of India’s major rivers, originates from the Yamunotri Glacier in the Himalayas. Flowing through several states including Uttarakhand, Haryana, and Uttar Pradesh, it is revered in Hinduism and holds cultural significance. However, it faces severe pollution challenges due to industrial waste and sewage discharge, impacting both ecosystems and human health. Efforts …

P Santhosh Takes the Helm as MD & CEO of NARCL

P Santhosh Takes the Helm as MD & CEO of NARCL

The National Asset Reconstruction Company (NARCL), India’s state-owned bad bank, has appointed P Santhosh as its new Managing Director and Chief Executive Officer. The decision was made by NARCL’s board, which recommended Santhosh for a three-year term at the helm of the asset reconstruction company. Interim Leadership to Permanent Role Santhosh’s appointment comes after he …

Shriram Capital Receives RBI Approval to Launch ARC

RBI Imposes Business Restrictions on Edelweiss Group

The Reserve Bank of India (RBI) has taken stringent action against Edelweiss Group’s lending and asset reconstruction arms due to concerns regarding the manipulation of loans and structured transactions. This move comes amidst the central bank’s ongoing efforts to curb evergreening of loans and ensure regulatory compliance in the financial sector. Restrictions on Edelweiss Arms …