Insolvency and Bankruptcy Code (IBC) The Code creates time-bound processes for insolvency resolution of companies and individuals. These processes will be completed within 180 days (unless extended by a one time extendable period of 90 days). If insolvency cannot be …
What is it? The GST regime was launched on July 1, 2017, that introduced a uniform indirect tax structure across the country by merging various state and local-level levies. Under the GST compensation Act 2017, states are guaranteed full compensation …
What is Disinvestment? Divestment or disinvestment means selling a stake in a company, subsidiary or other investments. Governments resort to divestment generally to reduce financial burden due to inefficient public sector undertakings (PSU’s) and to improve public finances. It introduces …
How does India compare in the quantity and quality of its COVID-19 response to other developing countries? Before the announcement of the Atma Nirbhar Bharat package, India lagged significantly behind comparable developing countries that are similar in GDP per capita, …
What are currency swap arrangements? In the swap arrangement, a country provides dollars to a foreign central bank, which, at the same time, provides the equivalent funds in its currency to the former, based on the market exchange rate at …
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? In a move that will mainly affect entities from China, the government has amended the General Financial Rules, 2017, imposing restrictions on public procurement from bidders of countries that share a land border with India, citing …
What are they? Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products from …
About NFRA National Financial Reporting Authority (NFRA) was constituted in 2018 under the Companies Act, 2013. NFRA is an independent regulator overseeing the auditing profession and is a part of the Ministry of Corporate Affairs (MCA). It has taken over …
What are P-Notes? P-Notes or Participatory Notes are Instruments issued by a registered foreign institutional investor to an overseas investor who wishes to invest in Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board …