MSCI Index: Rural Electrification Corporation Limited under the Ministry of Power, has secured a coveted place in the esteemed Morgan Stanley Capital International (MSCI) Global Standard Index, effective from 1st September 2023. It is owned by the multinational investment management and financial services company Morgan Stanley.
It is an investment research firm that provides stock indexes, portfolio risk and performance analytics, and governance tools to institutional investors and hedge funds.
It is a leading provider of critical decision support tools, including stock indexes, and services for the global investment community.
MSCI indices facilitate the construction and monitoring of portfolios in a cohesive and complete manner, avoiding benchmark misfit. It has over 160,000 indices in its portfolio.
MSCI has indexes for countries, regions, emerging markets, developed markets, small cap, all cap and even Islamic indexes.
It selects stocks for its equity indexes that are easily traded and have high liquidity, with companies having high free float getting more weightage. It prefers stocks that have active investor participation, and are without owner restrictions.
PUShP portal: A High Price Day Ahead Market (HP-DAM) and Surplus Power Portal (PUShP) was launched by the Ministry of Power.
It was launched to ensure greater availability of power during the peak demand season at a price higher than the ceiling of Rs 12 per unit by certain category of sellers.The power distribution companies (DISCOMs) will be able to indicate their surplus power in block times / days / months on portal. Those DISCOMs who need power will be able to requisition the surplus power.The new buyer will pay both variable charge (VC) and fixed cost (FC) as determined by Regulators. Once power is reassigned, the original beneficiary shall have no right to recall as entire FC liability is also shifted to the new beneficiary. This will reduce the fixed cost burden on the DISCOMs, and will also enable all the available generation capacity to be utilized.
Day Ahead Market:It is a physical electricity trading market where power is delivered within 24 hours of the next day starting from midnight.
They are traded in 15 minute time blocks and the prices and quantum of electricity closed the auction bidding process.
Controller of Certifying Authorities (CCA): The Information Technology Act 2000 (IT Act) provides for the CCA.
Function is to license and regulate the working of Certifying Authorities (CAs). The CAs issue digital signature certificates for electronic authentication of users. The CCA also maintains the National Repository of Digital Certificates (NRDC), which contains all the certificates issued by all the CAs in the country.
Its aim is to promote the growth of e-Commerce and e-Governance through a wide use of digital signatures. The Controller of Certifying Authorities (CCA) is appointed by the Central Government under section 17 of the IT Act.