This news explains in detail about AT-1 bonds and why there is concern over YES bank reconstruction plan. This news is related to the topic, Indian Economy of GS 3. This news is important for both mains and prelims.
The 1970 and 1980 Banking Companies (Acquisition and Transfer of Undertakings) Acts states that the Central Government in consultation with the RBI (Reserve Bank Of India) can make a scheme for merger of any nationalised [Read More]
The Persian Gulf is enclosed by 8 countries, almost all of them are major contributors to the world economy because of their crude production. Because of this major contribution the Persian Gulf region holds special [Read More]
A huge crisis has been created due to the COVID-19 outbreak. The government has implemented Disaster Management Act, 2005. The workers staring at starvation, and lack of basic facilities chose the option of walking back home… [Read More]
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