Development Financial Institutions are specialized institutions set up primarily to provide development/ Project finance especially in developing countries. These development banks are usually majority-owned by national governments. The source of capital of these banks is national or international development funds. This ensures their creditworthiness and their ability to provide project finance in a very competitive rate. ..
Topic: India [361 items]
India is one among the top 10 economies in the world. Banking sector in India is robust and forms the most dominant segment of the financial sector. The banking industry acts as a pivot in the economic development of the country. The face of the banking industry has been witnessing changes over the years. The ..
Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity ..
1. What is meaning of Nationalization of Bank? Nationalization refers to an act of taking an industry or assets into the public ownership. In context of banks, it means that banks which were earlier in private sector were transferred to the public Sector by the act of nationalization. Opposite of Nationalization is privatization. 2. What ..
In August 2018, Delhi High Court decriminalized beggary by striking down some sections of the Bombay Prevention of Beggary Act, 1959, as extended to Delhi. Background Begging is a crime in twenty states and two union territories of India. It is treated as cognizable and non-bailable offense. Presently, there is not a single uniform law ..
The Monetary Policy Committee (MPC) is the body of the RBI headed by its Governor. The body is responsible for taking the important monetary policy decisions for determining the repo rate. The Monetary policy committee is a statutory body established under the provisions of RBI act 1934. The functions of the committee are: The main ..
Ahmedabad is situated at the heart of Gujarat. The city is deeply rooted in tradition. Ahmedabad is now recognised as the world heritage city by UNESCO. The considerable effort made by the city municipal corporation to preserve, maintain and promote its heritage resources has made a significant contribution in getting the recognition from UNESCO. Rich Heritage of ..
Niti Aayog Health Index Report NITI Aayog has released Health Index report titled “Healthy States, Progressive India. It ranks states and union territories based on their year-on-year incremental change in health outcomes and compare their overall performance with respect to each other. Parameters for the Index The index is based on scores from three domains (a) ..