About NIIF National Investment and Infrastructure Fund (NIIF) is an Indian-government backed entity established in 2016 to provide long-term capital to the country’s infrastructure sector. It was established with a planned corpus of ₹40,000 crore. The NIIF aims to maximize …
What is a classical language? A classical language in India is defined as a language with a high degree of antiquity, a rich and original literary heritage, and a significant impact on the cultural and intellectual development of the region. …
What is persona non grata? Persona non grata is a Latin phrase which means “unwelcome person.” In diplomacy, it refers to a diplomat or foreign person whose entering or remaining in a certain country has been prohibited by that country. …
About Minimum import price (MIP) is a temporary measure to provide protection to domestic farmers from predatory pricing of imports. Below this price, import of the commodity is not allowed. It is imposed by the Directorate General of Foreign Trade …
About DAC Defence Acquisition Council (DAC) is constituted under the Ministry of Defence (MoD) for overall guidance of the defence procurement planning process. The Defence Minister is the Chairman of DAC. Its members include the Chief of Defence Staff (CDS) …
About IBBI The Insolvency and Bankruptcy Board of India (IBBI) was established in 2016 under the Insolvency and Bankruptcy Code, 2016. It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the …
About GI Tag A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign …
About CCI The Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002 for the administration, implementation and enforcement of the Act. CCI consists of a Chairperson and 6 Members appointed by the Central Government. …
About NPCI The National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. It is an initiative of the RBI and Indian Banks’ Association (IBA) under the …