03 April, 2020
5 Min Read
Part of: GS Prelims and GS-III- Economy -Bank
Banks are concerned about the build-up of Non-performing Assets (NPAs) as the disruption caused to business operations and supply chains during the 21-day lockdown period will take time to repair.
What is NPA?
NPA refers to a classification for loans or advances that are in default or are in arrears on scheduled payments of principal or interest.
In most cases, debt is classified as non-performing, when the loan payments have not been made for a minimum period of 90 days.
Concerns of Bankers
Draft Indian Nutrition Rating (INR) The country's top food regulator, the Food Safety and Standards Authority of India (FSSAI), has published a draft regulation for front-of-pack labeling. Major Points This draft notification addresses front-of-pack labelling in an effort to deter customers from purchasing packaged foods that are h
Social Audit of Social Sector Scheme The Rajasthan government has made the first-ever decision in the nation to create a specialized social and performance audit authority to undertake social audits of initiatives. What does this decision mean, exactly? Make public accountability a priority: In addition to conducting performance
Dharamshala Declaration 2022 & Tourism In India A recent three-day national tourist conference saw the introduction of the "Dharamshala Declaration 2022." Details about the news In the National Conference, the Center announced a comprehensive plan for the tourism industry. By 2024, tourism will have returned to its p
National Assessment & Accreditation Council (NAAC) & Higher Education The Maharaja Sayajirao University of Baroda's National Assessment and Accreditation Council (NAAC) ratings recently sparked controversy since the institution's grade increased from A to A+ as a result of improvements across all areas. What is India's
Ethereum Merger The second-most valued cryptocurrency in the world, Ethereum, just underwent a substantial software upgrade. About: Ethereum redesign: This process is referred to as "The Merge." It will do away with the requirement for cryptocurrency miners and massive mining farms, which previously powered the blockchai
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