CA PART 5 Flashcards
(195 cards)
Describe the NSE’s announcement regarding transaction charges.
• The NSE board approved a 1% reduction in transaction charges across its cash equity and equity derivatives segments.
• This change will take effect on April 1, 2024.
• The reduction aims to make trading costs more competitive.
What is the expected impact of the NSE’s reduced transaction charges?
The NSE estimates the reduced charges will decrease their revenues by roughly ₹130 crore per year.
Lower charges will likely make the NSE more attractive compared to its main competitor, the BSE (Bombay Stock Exchange).
Algo trading and arbitrage trading (which rely on many small, rapid transactions) are expected to benefit significantly as their profit margins increase.
Explain the NSE’s previous decision on transaction charges in March 2023.
• In March 2023, the NSE had initially planned a 6% increase in transaction charges for the equity cash and derivatives segments.
• This decision faced resistance, and the NSE ultimately rolled back the proposed hike.
What is NSEIT, and what decision did the NSE board make about it?
• NSEIT is a wholly-owned subsidiary of the NSE that focuses on digital technology solutions.
• The NSE board approved the sale of NSEIT’s digital technology business, including its subsidiaries, to Investcorp.
• The sale follows a “slump sale” structure, meaning all of NSEIT’s assets and liabilities are transferred to Investcorp in one transaction.
• The completion of the sale is expected by March 31, 2024.
What is an Overseas Citizenship of India (OCI) card?
• An OCI card grants individuals of Indian origin (PIOs) many of the same rights as Indian citizens, even if they hold citizenship in another country.
• Benefits include:
◦ Lifelong visa for travel to India
◦ Parity with Indian citizens in some economic and educational areas
◦ Does not grant voting rights or the ability to hold government jobs
What special provision did India approve for Indian-origin people in Mauritius?
• India will now grant OCI cards to people of Indian origin in Mauritius up to the 7th generation.
• This means that even those with distant Indian ancestry can benefit from the rights and status associated with an OCI card.
• This provision strengthens ties between India and the large Indian diaspora in Mauritius.
What is Ganga Talao?
• Ganga Talao is a crater lake in Mauritius, located in the Savanne district.
• It is the most sacred Hindu site in Mauritius and is considered a place of pilgrimage.
• The lake is believed to be connected to the Ganges River in India, giving it its religious significance.
How is India supporting the redevelopment of Ganga Talao?
• The Indian government is committed to developing Ganga Talao into a hub for religious, cultural, and tourism activities.
• This support reflects India’s commitment to strengthening ties with the Mauritian Hindu community.
56th National Day celebrations of Mauritius being celebrated on 12th
March.
President Droupadi Murmu participated as the Chief Guest
In what period did the area used for fruit cultivation in India increase from 2.8 million hectares to 6.8 million hectares? What was the annual growth rate of this increase?
Between 1991-92 and 2019-20 at an annual rate of 2.4%.
How did Indian fruit production change between 1991-92 to 2019-20?
Fruit production nearly quadrupled, going from 29 million tonnes (mt) in 1991-92 to 102 mt in 2019-20. This represents an annual growth of 3.4%.
What global ranking does India hold in fruit and vegetable production?
India is the world’s second-largest producer of both fruits (102 million tonnes) and vegetables (188 million tonnes).
While China is the world’s largest producer of fruits (around 300 million tonnes) and vegetables (over 600 million tonnes).
Describe India’s vegetable import/export balance in 2019-20.
India exported far more vegetables than it imported. Exports: 1.93 mt, Imports: 0.15 mt.
What is the expected demand for vegetables and fruits in India by 2047-48 under a “Business As Usual” scenario?
Vegetables: 365 mt, Fruits: 233 mt
How will domestic pulses production and demand compare between 2019-20 and 2047-48 under a BAU scenario?
Production will rise from 23 mt to 47 mt, while demand will grow to 49 mt
How much rice is India expected to demand in 2030-31 and 2047-48?
110 mt in 2030-31 and 114 mt in 2047-48
Will wheat production be sufficient to meet future demand in India?
Yes, India is expected to have a surplus of wheat. 2030-31: 19-26 mt surplus, 2047-48: 40-67 mt surplus.
In what year, by whom, and for what purpose was the NITI Aayog working group on Crop Husbandry set up?
2022, PS Birthal (director, ICAR-NIAP). The group aimed to analyze food demand and supply trends, consumer preferences, and make suitable recommendations by 2047.
The government granted a six-month extension in service tenure of Foreign Secretary
Vinay Mohan Kwatra, beyond 30.04.2024 i.e. up to 31.10.2024 or until further orders.
What committee proposed a new Digital Competition Act and an ex-ante regulatory framework in India?
he Centre-appointed 16-member Committee under the chairmanship of Manoj Govil on Digital Competition Law (CDCL)
What is the purpose of the proposed Digital Competition Act?
To regulate large digital enterprises through a separate act by the Competition Commission of India (CCI)
How will the CDCL identify large digital enterprises for regulation?
By designating them as Systemically Significant Digital Enterprises (SSDEs) based on thresholds and criteria.
What are the quantitative thresholds for designating an SSDE?
The draft law outlines various factors including:
turnover in India (₹4,000 crore),
global turnover ($30 billion),
gross merchandise value (₹16,000 crore),
market capitalization/fair market value ($75 billion), and
user base (1 crore end users or 10,000 business users in India for 3 preceding years).
What are some examples of Anti-Competitive Practices (ACPs) that SSDEs will be prohibited from engaging in?
Self-preferencing, anti-steering, restricting third-party applications (for identified core digital services)