What’s in the news? Union Minister for Commerce & Industry Piyush Goyal has launched the National Single Window System (NSWS) for investors and businesses which will become a one-stop-shop for investors for approvals and clearances. This would bring Transparency, Accountability …
What’s in the news? The Union Cabinet has recently approved Rs 30,600 crore government guarantee for the National Asset Reconstruction Company (NARCL), thereby paving the way for operationalisation of bad bank. It will acquire non-performing assets (NPAs) worth about Rs …
About NFRA The National Financial Reporting Authority (NFRA) was constituted in 2018 under the Companies Act, 2013. NFRA is an independent regulator overseeing the auditing profession in the country. It has taken over all the powers of the Institute of …
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. …
About GST Council Goods & Services Tax Council is a constitutional body under Article 279A of the amended Constitution, for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The Council was introduced …
About UPI Unified Payments Interface (UPI) is India’s mobile based, ‘fast payment’ system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address created by the customer. This eliminates the risk of sharing bank account …
About CPI It is an index which measures the weighted average of prices of a basket of consumer goods and services such as transportation, food and medical care. It is calculated by measuring price changes for each item in the …
What’s in the news? Recently, the Union Cabinet approved a Production-Linked Incentive (PLI) scheme for the textiles sector worth Rs 10,683 crore. The scheme aims to attract fresh investment of Rs 19,000 crore in the sector for production of in-demand …
About InvITs Infrastructure and real estate are the two most critical sectors in any developing economy. A well-developed infrastructural set-up propels the overall development of a country. It also facilitates a steady inflow of private and foreign investments, and thereby …
About FSDC Financial Stability and Development Council (FSDC) is an apex-level body constituted in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability. It is not a statutory body. It is chaired by the Union Finance Minister of …