CUET Commerce Exam  >  CUET Commerce Notes  >  General Test Preparation for CUET UG  >  Economy & Business - January 2025

Economy & Business - January 2025 | General Test Preparation for CUET UG - CUET Commerce PDF Download

GDP & Growth Rate

Economy & Business - January 2025 | General Test Preparation for CUET UG - CUET Commerce

Business News

Jio Financial Services and BlackRock Expanding Into Stock Broking Sector

In January 2025, Mumbai based Jio Financial Services Limited (JFSL) announced that its joint venture, Jio BlackRock Investment Advisers Private Limited, has established a wholly owned subsidiary called ‘Jio BlackRock Broking Private Limited’ to enter the broking business, subject to regulatory approvals.

Tata Steel Limited, India’s 1st company to Develop Hydrogen Transport Pipes

On January 29 2025, Mumbai (Maharashtra) based Tata Steel Limited(TSL), formerly known as Tata Iron and Steel Company Limited (TISCO), became India’s 1st Steel company to demonstrate the capability to develop steel pipes for hydrogen(H2) transportation, marking a significant step toward supporting India’s National Hydrogen Mission (NHM).

  • The company successfully developed hydrogen-compliant API X65 ERW steel pipes, which are crucial for the transport of 100% pure gaseous hydrogen under high pressure (100 bar).

RDCL Receives RBI Approval to Transform India’s Mortgage-Backed Securitisation Market

In January 2025, Mumbai (Maharashtra) based RMBS(Residential Mortgage-Backed Securitisation) Development Company Limited (RDCL) received its Certificate of Registration (CoR) from the

Reserve Bank of India (RBI) marking a major milestone for India’s housing finance sector.

  • The paid-up Capital of RSDL is Rs.500 crore and is expected to commence operations in March 2025.
  • RDCL is designed to create new opportunities for long-term institutional investors, including Insurance Companies, Pension Funds (PFs), and Provident Funds (PFs).
  • The National Housing Bank (NHB), a statutory body under the Government of India (GoI), has set up RDCL as the single largest shareholder.
The document Economy & Business - January 2025 | General Test Preparation for CUET UG - CUET Commerce is a part of the CUET Commerce Course General Test Preparation for CUET UG.
All you need of CUET Commerce at this link: CUET Commerce
164 videos|628 docs|1136 tests

FAQs on Economy & Business - January 2025 - General Test Preparation for CUET UG - CUET Commerce

1. What are the implications of Tata Steel Limited developing hydrogen transport pipes for the steel industry?
Ans. The development of hydrogen transport pipes by Tata Steel Limited could revolutionize the steel industry by providing a more sustainable and efficient means of transporting hydrogen. This innovation aligns with global efforts to reduce carbon emissions and transition to cleaner energy sources. It can enhance the use of hydrogen in steel production, contributing to lower carbon footprints and promoting the adoption of green technologies in manufacturing processes.
2. How will RDCL's approval from RBI affect India's mortgage-backed securitization market?
Ans. The approval from the Reserve Bank of India (RBI) for RDCL to transform India's mortgage-backed securitization market is expected to enhance liquidity and improve access to mortgage financing. This move may lead to more competitive interest rates and better terms for borrowers, as it allows financial institutions to pool and sell mortgage loans as securities. Consequently, this can stimulate growth in the housing sector and make home ownership more accessible for many Indians.
3. What is the significance of hydrogen as an energy source in the context of the article?
Ans. Hydrogen is emerging as a key energy source due to its potential to reduce greenhouse gas emissions when used in industries like steel production. The significance lies in its ability to serve as a clean alternative to fossil fuels, thus supporting India's commitment to sustainable energy practices. Tata Steel's initiative in developing hydrogen transport pipes signifies a crucial step towards integrating hydrogen into industrial applications, fostering a shift towards a low-carbon economy.
4. What are mortgage-backed securities, and why are they important for the economy?
Ans. Mortgage-backed securities (MBS) are financial instruments that are backed by a pool of mortgage loans. They are important for the economy because they provide a way for lenders to sell their mortgage loans and free up capital, which can then be used to issue more loans. This process enhances liquidity in the housing market, encourages lending, and ultimately supports economic growth by making home ownership more attainable.
5. How does the development of green technologies like hydrogen transport align with India's economic goals?
Ans. The development of green technologies, such as hydrogen transport, aligns with India's economic goals by promoting sustainable development and reducing reliance on fossil fuels. This initiative supports India's vision of becoming a global leader in renewable energy and helps meet climate commitments. Moreover, it can stimulate job creation in emerging sectors, enhance energy security, and drive innovation, contributing to overall economic growth and stability.
Related Searches

pdf

,

ppt

,

Sample Paper

,

Economy & Business - January 2025 | General Test Preparation for CUET UG - CUET Commerce

,

Important questions

,

Previous Year Questions with Solutions

,

Extra Questions

,

study material

,

Summary

,

video lectures

,

shortcuts and tricks

,

MCQs

,

Free

,

Viva Questions

,

Objective type Questions

,

Economy & Business - January 2025 | General Test Preparation for CUET UG - CUET Commerce

,

practice quizzes

,

Semester Notes

,

Exam

,

Economy & Business - January 2025 | General Test Preparation for CUET UG - CUET Commerce

,

mock tests for examination

,

past year papers

;