The term “Government Business” refers to the business which involves receipts, payments, transactions of and on behalf of Government of India. It involves both Central and State Govt. transactions. Central Govt. refers to railways, defense, civil etc. whereas State Govt. includes all state offi...
8. Setu unveiled India's first domain-specific LLM for the BFSI sector. Sesame, India’s first Large Language Model (LLM) specifically designed for the banking, financial services, and insurance (BFSI) sectors, has been launched by Setu. It has been developed in collaboration with indigenous A...
In Q3 of FY24, the merchandise trade deficit marginally increased at $71.6 billion from $71.3 billion a year ago. Net service receipts has shown a 16% year-on-year rise to $45 billion from $38.7 billion a year ago). Net outgo on the primary income account grew from $12.7 billion a ...
3. SEBI has introduced Legal Entity Identifier (LEI) system. It has launched LEI system for issuers that have listed non-convertible securities, securitised debt instruments and security receipts. LEI system is also for issuers that are planning to list non-convertible securities, securitised debt...
The growth in AUM, as measured by security receipts outstanding, dropped to single digit in past 4 years. The report said AUM had grown at a steady pace (from ₹42,000 crore to ₹95,000 crore) between fiscals 2014 and 2018.