Subject: Economy Context: The licences of 13 non-governmental organisations (NGOs) have been suspended under the Foreign Contribution (Regulation) Act (FCRA), 2010, this year. Concept: The FCRA regulates foreign donations and ensures that such contributions do not adversely affect internal security. First enacted in 1976, it was amended in 2010 when a slew of new measures were adopted to […]

Subject: Economy Context: A five-member expert committee headed by K V Kamath came out with recommendations on the financial parameters required for a one-time loan restructuring window for corporate borrowers under stress due to the pandemic. Concept: Restructuring is a practice that allows banks to modify the terms of the loan when the borrower is facing […]

Subject: Economy Context: Finance Minister has launched doorstep banking services for public sector banks in order to facilitate hassle-free and convenient banking. Concept: As part of the EASE Reforms, Doorstep Banking Services is envisaged to provide convenience of banking services to the customers at their door step through the universal touch points of Call Centre, […]

Subject: Economy Context: The Union Cabinet approved the new FDI policy in the Defence sector which allows the foreign direct investment through automatic approval to be increased from 49% to 74%. However, the new policy has a ‘National Security’ clause as a condition Concept: Foreign Investment in the Defence Sector shall be subject to scrutiny on the […]