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Daily Financial News Analysis – 8th Nov’19 | PDF Download

Stop predatory pricing

  • Warned ecommerce companies of strict action.
  1. don’t halt predatory pricing on their platform
  2. flouting foreign direct investment (FDI) rules
  •  The issue of violating norms: US and the EU Amazon: they are in compliance with Indian rules
  • Amazon said that discounts were being offered directly by sellers to buyers.
  •  In USA: whether Amazon has an unfair advantage over third-party merchants when it competes with them to sell similar products on its own platform.
  • CCI in 2018: Flipkart and Amazon were not dominant among online marketplace platforms in India.
  • DPIIT has asked Amazon and Flipkart to provide details of their top five sellers
  • Compliant with the goods and services tax (GST) in letter and spirit
  • Details on the total business done by the top five sellers
  •  Investments and commission agreements with vendors
  • Variations of commission agreements with sellers
  • Criteria for commissions and whether they are discretionary,
  • As well as details of any associations with payment gateways

Alternate investment debt fund

  • Cap of ₹400 crore for a single project
  • Urged home buyers to pay their remaining dues to enable early completion.

 Financial Stability and Development Council

  • FSDC is an apex-level body constituted by GoI.
  •  Idea: Raghuram Rajan Committee (2008)
  •  2010 FM Pranab Mukherjee created FSDC.
  •  FSDC is not a statutory body.
  • It is headed by the finance minister.
  •  Financial stability
  •  Financial sector development
  • Inter–regulatory coordination
  •  Financial literacy
  • Financial inclusion
  •  Macro prudential supervision
  • Nirmala Sitharaman reviewed the state of the economy, including stress in the financial sector.
  •  Industrial output growth in August contracted
  • Output of 8 core infrastructure industries contracted
  • Cybersecurity issues
  •  Inter-regulatory issues
  • Status of the NBFCs
  •  The RBI is very closely monitoring the top 50 NBFCs which represent roughly 75 per cent of the asset size of the NBFC sector.
  • This was the second meeting of the FSDC after the Modi 2.0 government assumed office.
  • Financial Resolution and Deposit Insurance (FRDI) Bill was also discussed during the meeting.

Pradhan Mantri Mudra Yojana Survey

  • PMMYS conducted by the Labour Bureau under the ministry of labour and employment.
  • 68.7% of Mudra loans disbursed in the first three years of the scheme were cornered by 5 states — Karnataka, Tamil Nadu, Odisha, Bihar and Maharashtra.
  • These states accounted for 55% of the 1.12 crore additional jobs created.
  •  Total loans sanctioned under the scheme during the period were Rs 5.71 lakh crore and these went to 12.27 crore loan accounts.
  • Shishu: Rs 50,000
  • Kishor: Rs 50,000 and up to Rs 5 lakh
  •  Tarun: above Rs 5 lakh and up to Rs 10 lakh

 Niti Aayog’s Health Index

  • Major parameter for ranking states.
  1. Enrolment in Ayushman Bharat
  2. Out-of-pocket expenditure of a household on healthcare
  3. Services provided to beneficiaries under the scheme
  • The central government is reviewing the two-year-old index by adding new benchmarks to ensure a more realistic picture.
  •  National health authority, the apex body responsible for implementing the flagship public health insurance scheme, plans to include the Pradhan Mantri Jan Arogya Yojana in the Niti Aayog health index.
  •  Ayushman Bharat was launched in September 2018.
  •  Vision: to achieve Universal Health Coverage (UHC)
  • It aims to provide health insurance of ₹5 lakh to 100 million families or 500 million subscribers based on the 2011 Socio Economic Caste Census data.
  •  The Niti Aayog launched the health index last year as a composite measure of states and Union territories based on 23 indicators with major weightage to outcomes that include the national mortality rate, fertility rate, and sex ratio.



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