Archive

Insolvency and Bankruptcy Code (IBC), 2016

Current Affairs 11-Apr-2025

The Insolvency and Bankruptcy Code (IBC), 2016 is a comprehensive bankruptcy law enacted to consolidate and amend existing laws related to insolvency and bankruptcy for companies, individuals, and partnership firms. 

Asset Reconstruction Companies (ARCs)

Current Affairs 11-Apr-2025

Asset Reconstruction Companies (ARCs) are specialized financial institutions that purchase Non-Performing Assets (NPAs) or bad loans from banks and financial institutions. 

Wilful Defaulter

Current Affairs 11-Apr-2025

Outstanding Dues: Has an outstanding loan amount of ₹25 lakh or more. Deliberate Default: Intentionally defaults on repayment despite having the capacity to repay.

Household Savings Rate

Current Affairs 11-Apr-2025

The Household Savings Rate refers to the proportion of household income that is saved rather than consumed. 

Non-Performing Assets (NPAs)

Current Affairs 11-Apr-2025

An asset (loan or advance) is classified as a Non-Performing Asset if the borrower has failed to make the repayment (interest or principal) for 90 days or more. 

Urban Cooperative Banks

Current Affairs 11-Apr-2025

Urban Cooperative Banks (UCBs) are financial institutions operating in urban and semi-urban areas of India. 

Iran's nuclear program and India's perspective

Current Affairs 11-Apr-2025

On April 9, 2025, the US has imposed new sanctions on Iran's nuclear program ahead of nuclear talks with Iran. Iran's development of nuclear weapons can pose a serious threat to the Middle East as well as overall global security.