Priority sector Lending targets : TARGETS/SUB-TARGETS The scheduled commercial banks are expected to enlarge credit to the priority sector and ensure that priority sector advances constitute 40 percent of the net bank credit and that a substantial portion is directed to the weaker sections. The targets and sub-targets set under priority sector lending for domestic […]
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Micro, Small and Medium Enterprises-Definition
Definition of Micro, Small and Medium Enterprises-2020 After 14 years since the MSME Development Act came into existence in 2006, a revision in MSME definition was announced in the Atmanirbhar Bharat package in May, 2020. The Central Government, after obtaining the recommendations of the Advisory Committee, notified revised criteria for classifying the enterprises as micro, small and medium enterprises, […]
NOBEL PRIZE 2020 GOES TO ..
The Nobel Prize is a set of annual international awards bestowed in several categories – Chemistry, Literature, Peace, Physics, Economic science and Physiology or Medicine by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances. The will of the Swedish chemist, engineer and industrialist Alfred Nobel established the five Nobel prizes in 1895. The prizes were first awarded in […]
THE FOREIGN CONTRIBUTION (REGULATION) AMENDMENT ACT, 2020
An NGO is registered under the FCRA Act, 2010 or granted Prior Permission by Central government for receiving and utilising foreign funds/contribution. It can receive and utilize foreign funds/ contribution for a definite cultural, economic, educational, religious or social programme as provided under Section 11 of the Act. The Act came into force on May […]
Cracking Bank Promotion Exams Made Easy
Banking sector is currently facing acute sortage of employees and thus most of the Public sector Banks are contemplating internal promotions to fill the vacuum with young and bright officers. The unabated growth of bad loans, tremendous pressure on profitability and almost stagnant growth of Banking sector has put pressure on Bank management to scout […]
Banking Awareness 2021 Edition – Book Review
Today’s book review article is about IBCA book on Banking & Financial Awareness subject, which is a top ranking book in fetching good marks and help you score high and qualify the coveted Banking exams. I am going to talk about Banking Awareness – 2021 Edition released by IBC Academy Publication, which is a must have book for […]
Demonetization Was A Master stroke by A Honest PM
Demonetization process may be construed as a huge elephant and with our limited vision, we tend to look at one side of it, one small aspect of it and sometime which suits our negative belief to look down the Govt. My belief is that it was the most comprehensive action taken ever by any PM […]
READING IS A HEALTHY HABIT
Reading is a healthy habit, which not only improve your mental faculty but helps you in many other ways in your day-to-day life. Some feels that reading helps them score well academically and to get higher marks in exams., some gets a habit to read to help keep them busy and entertain themselves. While, for […]
CORONAVIRUS – A CHINESE VIRUS
WCoronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious […]
IBC – 2016 IS A WATERSHED DEVELOPMENT FOR BANKING SECTOR
The enactment of the Insolvency and Bankruptcy Code, 2016 in May 2016 was a watershed development and it has far-reaching implications for the banking sector in India. The fulcrum of a robust and resilient banking sector is a comprehensive bankruptcy regime. It enables a sound debtor-creditor relationship by protecting the rights of both, by promoting […]