About: In India, there is no clear definition of what constitutes a shell company in either Companies Act, 2013 or in any other Act. It normally refers to a company without active business operation or significant assets, which in some …
What is Pneumonia? Pneumonia is an infection that inflames the air sacs in one or both lungs. The air sacs may fill with fluid or pus, causing cough with phlegm or pus, fever, chills, and difficulty breathing. A variety of …
What’s in the news? Recently the deputy governor of Reserve Bank of India T. Rabi Shankar said that the RBI is currently working on a phased implementation strategy for its own digital currency, Central Bank Digital Currency (CBDC), and will …
Why in News? Tamil Nadu and Uttar Pradesh have acquired land for the Defence Industrial Corridors (DIC). What are DIC’s? A defence corridor is a channel or route along which domestic defence equipment manufactured by the public sector, the private …
What is NPA? A non performing asset (NPA) is a loan or advance for which the principal or interest payment remains overdue for a period of more than 90 days. Banks classify NPAs further into Substandard, Doubtful and Loss assets. …