NS Vishwanathan panel to strengthen Urban Cooperative banks by RBI Subject: Economy Context: RBI has formed a new panel headed by deputy director NS Vishwanathan to suggest strengthening of UCBs. Concept: It is to examine their issues and provide a roadmap for strengthening the sector. It will look into regulatory measures taken by […]

    External Commercial Borrowing (ECB) Subject: Economy Context: ECB as cheap source of borrowing needs to be availed with caution said RBI director. Concept: It is a commercial loan raised by an eligible resident entity from recognised non-resident entities. These foreign sources could be: Commercial bank loans Buyers’ credit and suppliers’ credit Securitised instruments […]

    International Cruise Terminal Sagarika in Kochi Subject: Economy Context: The PM dedicated first international cruise Terminal to the nation. Concept: It is another landmark for Kochi which is slowly evolving as major cruise destination across the globe. A dedicated terminal, that is fully air-conditioned and serving the cruise ship requirements, provides all statutory […]

    Unit-linked Investment Plans (ULIPs) Subject: Economy Context: Private insurers ended with huge losses due to plunge in ULIPs during 2019-20. Concept: It is a multi-faceted insurance product issued by insurance companies that combine insurance coverage and investment exposure in a single offering. regular premium payments, part of which are utilized to provide insurance […]