RBI’s Resolution Framework 2.0 Subject – Economy Context – Few takers seen for debt recast 2.0 as demand recovers: Crisil Concept – This Framework is to relieve stress faced by most vulnerable categories of borrowers – namely individuals, borrowers and MSMEs. Individuals, borrowers and MSMEs who have not availed any restructuring will be eligible to be considered under Resolution Framework 2.0. For individuals and small […]
Nidhi companies Subject – Economy Context – The Ministry of Corporate Affairs has warned people against parking savings in Nidhi companies, after it found that none of the firms that had applied so far to be recognised under relevant rules was compliant with the norms. Concept – Under Nidhi Rules, 2014, Nidhi is a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and saving amongst its members, receiving deposits from, and lending to, its […]
Brownfiled vs Greenfield projects Subject – Economy Context – The government unveiled a four-year National Monetisation Pipeline (NMP) worth an estimated Rs 6 lakh crore. It aims to unlock value in brownfield projects by engaging the private sector, transferring to them revenue rights and not ownership in the projects, and using the funds so generated […]
E-Shram Portal Subject – Economy Context – The government will launch the e-Shram portal, a database of unorganised sector workers. Concept – The government aims to register 38 crore unorganised workers, such as construction labourers, migrant workforce, street vendors and domestic workers, among others. The workers will be issued an e-Shram card containing […]
Non-Tariff Barriers Subject – Economy Context – Piyush Goyal asks industry to flag non-tariff barriers in exports Concept – Non-tariff barriers are the government policies other than tariffs that tend to distort trade. Non-tariff barriers can be of two types, one that has direct influence on the price of the goods being imported and […]
Hallmark Unique Identification Subject – Economy Context – Gold jewellers across major cities participated in a nationwide strike against the mandatory hallmarking, Hallmark Unique Identification (HUID), effective June 16. Concept – HUID is a unique code that will be given to every piece of jewellery at the time of hallmarking. It will be […]
Urban Co-operative Banks Subject – Economy Context – A Reserve Bank appointed committee has suggested a four-tier structure for the urban cooperative banks (UCBs). Concept – Co-operative Banks, which are distinct from commercial banks, were born out of the concept of co-operative credit societies where members from a community group together to extend loans to each other, at favourable terms. Co-operative Banks […]