CONTEXT In the recent Budget session, the Union government announced its intent to privatise Public Sector Banks (PSBs), citing improving efficiency as the reason for this move. But there is no clarity, whether privatisation brings efficiency or reduces associated risks. …
What is NPA? A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Banks classify NPAs further into Substandard, Doubtful and Loss assets. Substandard assets: …
What’s in the news? The Union Cabinet has cleared the introduction of a bill to set up a Development Financial Institution (DFI) to finance long-term funds to infrastructure projects as well as for development needs of the country. The government …
What’s in the news? Amid record-high fuel prices, Finance Minister Nirmala Sitharaman said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST). Rising …
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 …
About the Scheme The Stand-Up India Scheme aims to facilitate bank loans between 10 lakh and 100 lakh to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for …
NEWS The Permanent Court of Arbitration at The Hague (PCA) ruled against the Government of India in the cases of Cairn Energy and Vodafone in the final quarter of 2020, and India has decided to appeal against these awards. CONCERNS …
What is dumping? Dumping is the practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market, or which is lower than the cost of …
What are they? The Union government is empowered to raise revenue through a gamut of levies, including taxes (both direct and indirect), surcharges, fees and cess. A cess is a tax that is levied by the government to raise funds …
What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …