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For All Defence Candidates BANKING REFORMS Economy Part -3

For All Defence Candidates BANKING REFORMS Economy Part -3

 

For All Defence Candidates BANKING REFORMS Economy Part -3

NIIF (fund of funds) was setup in 2015 with a corpus of 40,000 crore for funding greenfield brownfield and stalled projects.
It Is India’s First Sovereign Wealth Fund That Seeks To Create Long Term Value For Domestic And International Investor Seeking Investment In Energy, Transportation, Housing, Water,Waste Management Etc. In Greenfield ,Brownfield And Stalled Projects.
It Is Registered With Securities And Exchange Board Of India(SEBI) And Its Activities Are Overseen By A Governing Council Headed By Finance Minister.
Recently The NIIF Announced The Creation Of Its First Investment Platform In Partnership With Dubai-Based Port Operator DP World For And logistics. Business In India.
NIIF And Uk Government Have Committed 120 Million Pounds For Green Growth Equity Fund( Gef) To Invest In And Develop Green Infrastructure in India.
BANKING REFORMS
The Government Of India Has Unveiled Details Of The Bank Recapitalization Plan For Public Sector Banks(Psbs).Recapitalization Of Psbs Is An Essential Step For Resolving The TBS(Twin Balance Sheet) Challengei.E.4R’S: RECOGNITION Recapitalization, Resolution And Reform.
Government Announced To Infuse2 Lakh 11 Thousand Crores. Keeping Its Commitment Intact The Government Decided To Infuse Capital Of Around 1 Lakh Crore Via Three Modes:
Gross Budgetary Support(GBS):8,139 Crore.
Recap Bonds:80,000 Crore
Market Raising:10,312 Crore
The Government Divided Banks Into Two Categories Viz. Non PCA (Prompt Corrective Action) Banks And PCA BANKS TO INFUSE CAPITAL.
THE REFORM AGENDA,AIMED AT Ease –ENHANCED ACCESS AND SERVICE EXCELLENCE, IS ASED ON SIX THEMES:
CUSTOMER RESPONSIVENESS
Responsible Banking
Credit Off –Take.
Psbs As Udyami Mitra
Deepening Financial Inclusion& Digitalization Micro-Insurance, Digitalization.
Ensuring Outcomes Governance/Hr.
The Rbi Has Also Intimated Special Audit Of Public Sector Banks(PSB) With Focus On Trade Financing Activities ,Especially Relating To Issuance Of Letters Of Undertaking (Lous) Of Them.
An Lou IS SIMPLY A REQUEST MADE TO ANOTHER BANK IN THE SWIFT NETWORK TO LOAN MONEY TO A CLIENT.
THE BANK THAT ISSUES THE Lou Essentially Guarantees The Bank That Receives The Lou Request That It Stands By The Creditworthiness Of The Borrower. Tat Is In Case Of A Default, The Bank That Issued The Lou Stands Liable To Compensate The Bank That Made The Loan To The Borrower.
The RBI Has Asked Banks To Mandatorily Link Swift (Society For Worldwide Interbank Financial Telecommunication) To Core That Trade Finance Businesses Of Banks Remain Transparent And Accountable.

ACTIVE PHARMACEUTICAL INGREDIENTS.
In A Bid To Curb India’s Dependence On China For Active Pharmaceutical Ingredients (Apis) ,Which Used As Raw Material Ingredients To Prepare Finished Medicines, The Department Of Pharmaceuticals Has Requested Other Government Departments To Chip In With Measures To Achieve This.
In 2015,Government Had Get Up A Committee Under The Chairmanship Of V M Katoch To Suggest Measures To Reduce Dependence On Imports Of Apis. The Committee Had Suggested Setting Up Of Mega Parks For Api Manufacturing With Facilities Like Assured Power Supply And Effluent Treatment Plants.

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Er. HartaJ is one of the main Instructors and a part of the team At NCA. He himself has cleared the SSB process thrice, but as per his grandfather's Late Lt. Col H.S.Dhaliwal Wish he is continuing teaching and making officers. Been associated with New Careers Academy for the last 8 years, he also has been succefull in making Second and Third Generation Of officers. Once Taught by his Grandfather and Father Capt. Dhaliwal. He is know all across with students for the way he teaches and he is more of a role model for them .