Reverse Flipping
SEBI has relaxed a few compliance burdens in the stock market to encourage ‘Reverse Flipping’ to boost startup IPOs in the country.
About Reverse Flipping
- It describes the practice where startups that had earlier established organizational structure in offshore jurisdictions shift their domicile back to their home country.
- Reverse flipping is gaining traction in India for potential listing in Indian stock exchanges, robust economic policies, expanding local market, favorable tax regime, growing investor landscape etc.
- Tags :
- Startups
- Stock Market
- Reverse Flipping
- Flipping
Front Running
Recently, SEBI has banned the Director of IIFL Securities among others for front running.
About Front Running
- It is an illegal practice of purchasing a security based on advanced non-public information regarding an expected large transaction that will affect the price of a security.
- It is considered a form of market manipulation as it leads to security price movements being manipulated based on non-public information.
- E.g., Broker executes own order based on the client's large stock order.
- It can undermine market integrity and erode investor confidence.
- Tags :
- Front Running
- Market Manipulation
Mount Lewotobi Lakilaki
Recently, Indonesia’s Mount Lewotobi Lakilaki volcano erupted.
About Mount Lewotobi Lakilaki
- Type: Mount Lewotobi is made up of two closely situated stratovolcanoes—Lewotobi Lakilaki (man) and Lewotobi Perempuan (woman).
Location: It is located on Flores Island in Indonesia. - Geological Setting: The volcano is part of the Pacific Ring of Fire, a zone known for intense volcanic and earthquake activity.
- Tags :
- Indonesia
- Ring of Fire
- Stratovolcano
- Volcano
INS ARNALA
Recently, INS Arnala was commissioned into the Indian Navy.
About INS Arnala
- Named after the historic coastal fort off Maharashtra, it is India’s first Anti-Submarine Warfare Shallow Water Craft (ASW-SWC).
- It showcases indigenous design, engineering, and manufacturing (signifying transition from a "Buyer's Navy" to a "Builder's Navy").
- It has also become the largest Indian Naval warship (77 meters) to be propelled by a Diesel Engine-Waterjet combination.
- It is equipped to conduct Sub-Surface Surveillance and Interdiction, Search and Rescue Missions and Low-Intensity Maritime Operations (LIMO).
- Tags :
- INS Arnala
- Anti-Submarine Warfare Shallow Water Craft
- Low-Intensity Maritime Operations
Articles Sources
Operation Sindhu
India launched Operation Sindhu to evacuate Indian nationals from Iran in the backdrop of rising tensions between Iran and Israel.
About Operation Sindhu
- 110 Indian Nationals evacuated with the assistance of Iran and Armenia.
- With Iranian airspace shut down, a land route from northern Iran to Yerevan, Armenia through the Nurduz-Agarak border crossing was used.
- India has amicable ties with two other neighbouring countries of Iran – Turkmenistan and Iraq while ties with other neighbouring countries of Iran – Turkey, Azerbaijan and Pakistan – deteriorated during Operation Sindoor.
- India has no diplomatic ties with Taliban regime in Afghanistan, another neighbour of Iran.
- Tags :
- Iran
- Iran-Israel Conflict
- Middle East
FASTag
Recently, FASTag annual pass was launched by the Union Ministry of Road and Transport to enable seamless highway travel.
About FASTag Technology
- It is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly while the vehicle is in motion.
- It is affixed on the windscreen of the vehicle and enables a customer to make the toll payments directly from the account which is linked to FASTag.
- Developed by: NPCI under National Electronic Toll Collection (NETC) program.
- NETC Program has been launched by NPCI, NHAI, & IHMCL.
- Tags :
- NPCI
- FASTAG
- RFID Technology
- National Electronic Toll Collection Program
Sahitya Akademi
Sahitya Akademi has recently named 23 winners for Yuva Puraskar and 24 for Bal Puraskar.
About Sahitya Akademi
- Overview: It is India’s National Academy of Letters and the only institution that promotes literary activities across 24 Indian languages (22 Scheduled Languages and English and Rajasthani).
- Established: It was formally established in 1954 and registered under the Societies Registration Act, 1860.
- Ministry: Functions as an autonomous body under the Ministry of Culture.
- Tags :
- Sahitya Akademi
- Ministry of Culture
- Literature
Agarwood
A recent study finds global agarwood trade dependent on wild endangered trees threatens their conservation.
About Agarwood (Audh or Gaharu)
- It is a fragrant resinous wood derived from trees of Aquilaria and Gyrinops genuses from Thymelaeaceae family.
- It is created when trees are wounded and infected by fungi, producing resin as a defense mechanism.
- Found in: India’s Northeast (Tripura’s capital Agartala derives its name from Agarwood).
- India is home to Aquilaria khasiana and Aquilaria malaccensis species of Agarwood.
- Conservation: Appendix II of the CITES, Schedule IV of Wildlife (Protection) Act, 1972.
- Aquilaria malaccensis is listed as Critically Endangered in the IUCN Red List.
- India has successfully prevented inclusion of Aquilaria malaccensis in the Review of Significant Trade (RST) of the CITES, easing trade restrictions.
- Uses: Perfume-making, traditional medicine, etc. (References in ancient Ayurvedic texts like Charaka Samhita; Chinese Medicine and Unani.)
- Tags :
- Agarwood
- Aquilaria khasiana
- Aquilaria malaccensis
- Charaka Samhita