Subject: Economy Context: IFSCA has notified International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020. Concept: In the Union Budget 2020, Union Minister of Finance had made an announcement for setting up an International Bullion Exchange at the International Financial Services Centre in GIFT City, Gandhinagar, and Gujarat. Subsequently, the Government of India had notified […]
Subject: Economy Context: The Reserve Bank of India (RBI) has asked borrowers to make requests for resolution rather than working out resolution plans under the KV Kamath committee’s resolution framework to tackle Covid-related stress. Concept: RBI set up a committee headed by K.V. Kamath on restructuring of loans impacted by the Covid-19 pandemic. The Committee […]