September 2021

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NAGARA SCHOOL OF ARCHITECTURE – UPSC Daily Important Topic | 27 September 2021

NAGARA SCHOOL OF ARCHITECTURE TOPIC: ART AND CULTURE From the 5th century A.D, a distinct style of architecture developed in the Northern part of India, known as the Nagara style of architecture. Temple followed the Panchayatan style of temple making, consisted of subsidiary shrines laid out in the crucified ground plan. Presence of Assembly halls

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RBI fixes minimum ticket size for issuance of securitisation notes at Rs.1 crore

RBI fixes minimum ticket size for issuance of securitisation notes at Rs.1 crore

Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021, exposures to securitisations that are STC (simple, transparent, and comparable)-compliant can be subject to the alternative capital treatment. As per the guidelines of RBI, the minimum ticket size for the issuance of securitization notes will be Rs.1 crore. What is Securitisation?  Securitisation involves transactions where credit

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RBI allows lenders to sell fraud loans to Asset Reconstruction Companies

RBI allows lenders to sell fraud loans to Asset Reconstruction Companies

The Reserve Bank of India has allowed lenders/banks to transfer loans that have been classified as fraud by these lenders to Asset Reconstruction Companies (ARCs). Stressed loans including fraud loans that are in default for more than 60 days or classified as NPA are permitted to be transferred to ARCs. Banks will now be able to transfer to

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Ministry of Defence inks deal with Airbus Defence & Space, Spain for 56 C-295MW transport aircraft for IAF

Ministry of Defence inks deal with Airbus Defence & Space, Spain for 56 C-295MW transport aircraft for IAF

Ministry of Defence (MoD) signed a contract with M/s Airbus Defence and Space, Spain for the acquisition of 56 C-295MW transport aircraft for the Indian Air Force, on September 24, 2021. The MoD has also signed an Offset Contract with M/s Airbus Defence and Space through which M/s Airbus will discharge its offset obligations through

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Supreme Court introduces FASTER (Fast and Secured Transmission of Electronic Records) System

Supreme Court introduces FASTER (Fast and Secured Transmission of Electronic Records) System

The Supreme Court has introduced the ‘Fast and Secured Transmission of Electronic Records’ (FASTER) system, by which the crucial decisions can be communicated electronically to prison authorities and investigating agencies. A three-judge bench of Chief Justice N.V. Ramana, Justice Nageswara Rao and Justice Surya Kant has instructed state governments, Union territories, prison departments, and other authorities concerned

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