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. …
What’s in the news? NITI Aayog and Rocky Mountain Institute (RMI) has launched the Shoonya initiative to promote zero-pollution delivery vehicles by working with consumers and industry. RMI is an independent, non-partisan, non-profit organization of experts across disciplines working to …
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 Subramania Bharati C. Subramaniya Bharathi (also known as Mahakavi Bharathiyar) was born in the Tamil Nadu district of Tirunelveli. He was a Tamil Nadu poet, freedom warrior, and social reformer. He advocated for women’s rights and opposed the caste …
About Chandrayaan 2 Chandrayaan 2 is an Indian lunar mission that attempted to conduct a soft landing on the Moon’s south polar region. Indian Space Research Organization (ISRO) launched Chandrayaan 2, a mission comprising an orbiter and a soft lander …
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 …
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 and is a part of the Ministry of Corporate Affairs (MCA). It has taken …