12.02.2018- Glance News

United Arab Emirates (UAE)     

WIN?

PM’s visit to UAE

  • UAE lies in the line of tropic of cancer.
  • Lies in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing maritime borders with Qatar to the west and Iran to the north.

NITI AAYOG – Health Index

WIN?:-

NITI Aayog has released a comprehensive Health Index report titled, “Healthy States, Progressive India”.

  • Report developed by NITI Aayog, with technical assistance from the World Bank, and in consultation with the Ministry of Health and Family Welfare (MoHFW).
  • Would be annually published
  • The report ranks states and Union territories innovatively on their year-on-year incremental change in health outcomes, as well as, their overall performance with respect to each other.
  • It is the first attempt to establish an annual systematic tool to measure and understand the heterogeneity and complexity of the nation’s performance in Health.
  • States and UTs have been ranked in three categories namely, Larger States, Smaller States, and Union Territories (UTs), to ensure comparison among similar entities.
  • Parameters:
    • for the larger States, is based on indicators in three domains:
      • (a) Health Outcomes (70%);
      • (b) Governance and Information (12%); and
      • (c) Key Inputs and Processes (18%),

with each domain assigned a weight based on its importance.

Performance of states:

  • Among the Larger States:
    • Kerala, Punjab, and Tamil Nadu ranked on top in terms of overall performance
    • Jharkhand, Jammu & Kashmir, and Uttar Pradesh are the top three ranking States in terms of annual incremental performance.
  • Among Smaller States:
    • Mizoram ranked first followed by Manipur on overall performance.
    • Manipur followed by Goa were the top ranked States in terms of annual incremental performance.

Economy

Derivatives

  • A derivative is a security with a price that is dependent upon or derived from one or more underlying assets.
  • The derivative itself is a contract between two or more parties based upon the asset or assets.
  • Its value is determined by fluctuations in the underlying asset.
  • The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes.

Offshore Derivatives:

  • Offshore derivatives instruments (ODIs) are investment vehicles used by overseas investors for an exposure in Indian equities or equity derivatives.
  • These investors are not registered with SEBI, either because they do not want to, or due to regulatory restrictions.
  • These investors approach a foreign institutional investor (FII), who is already registered with SEBI. The FII makes purchases on behalf of those investors and the FII’s affiliate issues them ODIs.
  • The underlying asset for the ODI could be either stocks or equity derivatives like Nifty futures.

Exchange Traded Fund (ETF)

  • An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.
  • Unlike mutual funds, an ETF trades like a common stock on a stock exchange.
  • ETFs experience price changes throughout the day as they are bought and sold.
  • ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.
  • Because it trades like a stock, an ETF does not have its net asset value (NAV) calculated once at the end of every day like a mutual fund does.

Cash Reserve Ratio

  • The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with Reserve bank of India as a portion of their Net Demand and Time Liabilities (NDTL).
  • The objective of CRR is to ensure the liquidity and solvency of the Banks.
  • The CRR is maintained fortnightly average basis.
  • Current CRR: 4%

Liquidity Adjustment Facility(LAF)

  • LAF is used to aid banks in adjusting the day to day mismatches in liquidity. LAF helps banks to quickly borrow money through repurchase agreements in case of any emergency or for adjusting in their SLR/CRR requirements.
  • LAF consists of repo and reverse repo operations.
  • Used by governments to assure basic stability in the financial markets.
  • LAF includes both repos and reverse repo agreements.

National thermal Power Corporation Ltd (NTPC)

  • A Maharatna company
  • Engaged in the business of generation of electricity and allied activities
  • NTPC’s core business is generation and sale of electricity to state-owned power distribution companies and State Electricity Boards in India.
  • Largest power company in India

Long term Capital Gains (LTCG)

  • When a capital asset is held more than 36 months (12 months in case of shares and securities) is a long term capital gain.
  • Short-term capital gains come from assets held for less than a year, while long-term gains come from assets owned for over 12 months.

 International Organization of Securities Commissions (IOSCO)

  • The International Organization of Securities Commissions (IOSCO) is an association of organisations that regulate the world’s securities and futures markets. Members are typically the Securities Commission or the main financial regulator from each country.
  • Members are typically primary securities and/or futures regulators in a national jurisdiction or the main financial regulator from each country.
  • Its mandate is to:
    • Develop, implement, and promote high standards of regulation to enhance investor protection and reduce systemic risk
    • Share information with exchanges and assist them with technical and operational issues
    • Establish standards for monitoring global investment transactions across borders and markets
  • Has a permanent secretariat in Madrid, Spain.
  • India is a member in IOSCO board.

Initial Coin Offerings (ICO)

  • An unregulated means by which funds are raised for a new cryptocurrency venture.
  • An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.
  • In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.
  • ICO’s are highly speculative investments.
  • Typically involves in the creation of digital tokens using distributed ledger technology and their sale to investors in return for a cryptocurrency usually for a bitcoin.
  • Also called an Initial Public Coin Offering (IPCO)/token sales/Coin sales

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