world focus magazine

world focus magazine

world focus magazine Published this article page no  98 Restrictionsreduction in variable operating costs (For NBFCs) However even under PCA banks are allowed to invest in government securitiesother highquality liquid investments. About NBFCs and their Regulation NBFCs also known as nonbank financial institutions are entities that provide certainbank like and financial services but do not hold a banking license and excludes entities with agriculture activity industrial activity purchase or sale of any goods (other than securities) as principal business or providing any service and salepurchaseconstruction of immovable property. o Principal Business is the financial activity which consists of more than 50% of company assets and over 50% if its gross income. NBFCs difference from banks NBFCs cant accept demand deposits NBFCs are not part of payment and settlement system and cant issue cheques drawn on itself and DICGC facility is not available to depositors of NBFCs. Regulation NBFCs are regulated by RBI although some NBFCs are regulated by SEBI IRDAI National Housing Bank etc. to avoid dual regulation. Systemically important NBFCs NBFCs whose asset size is of  500 crore or more are considered as systemically important NBFCs. Example. Power Finance Corporation Limited (PFCL) Rural Electrification Corporation Limited (RECL) etc. Regulation of NBFCs Revised ScaleBased Regulatory (SBR) Framework Recently Reserve Bank of India (RBI) introduced a revised scalebased regulatory framework for nonbanking financial companies (NBFCs). Under the revised regulatory framework (to come into effect from 01 October 2022) they will be subjected to a ScaleBased Regulatory (SBR) Framework with Fourlayers based on their size activity and perceived riskiness (see image) world focus magazine buy. 

world focus magazine

world focus magazine

world focus magazine

world focus magazine Published this article page no   99 Base Layer It include NBFCsND with asset size below 1000 cr and NBFCs in activities as P2P lending Account Aggregator NonOperative Financial Holding Company and NBFCs not availing public funds and no customer interface. Middle Layer All deposit taking NBFCs NBFCsND with asset size of Rs 1000 cr or more NBFCs in activities as Standalone Primary Dealers Infrastructure Debt Fund CICs Housing Finance Companies and Infrastructure Finance Companies Upper Layer Top ten NBFCs in terms of their asset size and NBFCs identified by RBI as warranting enhanced regulatory framework and Top Layer Ideally to remain empty but RBI can populate it if substantial increase in the potential systemic risk from NBFCs in the upper layer. The new SBR framework also introduced changes to Extant NPA classification to be 90 days by March 2026 for all categories of NBFCs Ceiling of Rs 1 crore per borrower in IPO funding At least one Director with experience in a bankNBFC Changes in Capital Guidelines for NBFC in Middle and Upper Layer Revised Governance guidelines (e.g. Chief Compliance Officer) and prudential guidelines on Credit concentrationSensitive Sector Exposure etc. PAYMENT BANK Why in news? RBI accorded Scheduled Bank status to number of Payment Banks like Paytm Payments Bank Airtel Payments Bank etc. Scheduled Bank status and its Benefits Scheduled Banks are the banks included in the Second Schedule of Reserve Bank of India Act 1934. o This includes Scheduled Commercial Banks and Scheduled Cooperative Banks Scheduled Bank status allows banks to explore new business opportunities take part in Request for Proposals issued by the government and other large corporations primary auctions fixedrate and variable rate repos and reverse repos. They can also participate in Marginal Standing Facility and will be eligible to partner in governmentrun financial inclusion schemes world focus magazine buy.

world focus magazine

world focus magazine

 world focus magazine

world focus magazine Published this article page no   100 They are eligible for refinancing facility from the RBI at the bank rate acquire membership to clearing house and get access to currency storage facility. About Payment Bank Suggested by Nachiket Mor committee in 2013 it is a bank registered under Companies Act 2013 and licensed under Banking Regulation Act 1949. Minimum paidup equity capital of the payments bank is 100 crores and it is required to maintain a minimum capital adequacy ratio of 15%. Promoters of the payments bank should hold at least 40% of its paidup equity capital for the first 5 years. o Promoterpromoter group can have Joint Venture with an existing SCB. They operate on a smaller scale with no credit risk (cant advance loans or issue credit cards). It can accept demand deposits (up to Rs 1 lakh) offer remittance services mobile paymentstransfers purchases and other banking services They maintain Cash Reserve Ratio (CRR) with RBI and invest in eligible government securities treasury bills under Statutory Liquid Ratio (SLR). They can access interbank uncollateralised call money market and collateralized repo and CBLO market for temporary liquidity management. Recently SEBI allowed the payment banks to act as investment bankers i.e. to work in raising capital for corporations governments or other entities like Goldman Sachs Morgan Stanley. DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC) (AMENDMENT) ACT 2021 Deposit Insurance and Credit Guarantee Corporation (DICGC) (Amendment) Act 2021 has been in news recurrently. About DICGC DICGC is a wholly owned subsidiary of the RBI created under the DICGC Act 1961 with Deputy Governor of RBI as its exofficio Chairman. Governed by the provisions of the DICGC Act of 1961 and DICGC General Regulations of 1961 DICGC is liable to pay the insured deposit amount to depositors of an insured bank. It registers a bank as insured immediately and automatically on issuance of banking license world focus magazine buy. 

world focus magazine

Red Magazine Vizag

 

Red Magazine Vizag

RedMagazine Vizag Published this article page no  120 Dehumanization of the victim: Lynching incidents lead to dehumanisation of individuals or groups leading to ghettoization and hate crimes. Denial of Justice: Lynching goes against the rule of law and the extra-judicial elements or non-state actors award punishment beyond what is deserved under laws. Note: Due to lack of definition and unreliable data, National Crime Records Bureau (NCRB) stopped collecting data on mob lynching, cow vigilantism and other such crimes after 2017. 108Otherization of the Society: Lynching leads to higher distrust among people and society becomes more mechanical rather than organic, i.e. homogeneity based integration. Being a nation with large diversity, it can create challenges to the unity of nation. Creation of an atmosphere of fear: The level of intolerance and private security need rises in society as more people start taking law into their own hands for justice. Encourages use of violence: If not resolved, lynching boosts confidence of non-state actors and violence gains acceptance. If not controlled, it can be used over non-agreement and becomes a threat to individual liberty, rationality and logical discussion. Solution to Lynching: Current Framework and Other steps needed to stop Lynching With growing use of social media by non-state actors to gain public attraction, mobilise people and target individuals through false allegations, solution to lynching is essential not only for sustenance of law and order but for nation building as well. Current Framework With police and public order being part of state subjects, India lacks a single law to specifically deal with mob lynching red magazine vizag subscription buy.

Red Magazine Vizag

world focus magazine

 world focus magazine

worldfocus magazine Published this article page no  121 In Tehseen Poonawalla vs UOI (2018), Supreme Court issued preventive, remedial and punitive guidelines to deal with mob violence and lynching Calling it a “horrendous act of mobocracy”, the Supreme Court also asked Parliament to establish lynching as a separate offence with punishment. Presently, it is mainly dealt under various sections of IPC with a handful of states taking legal initiatives. This includes- Manipur, West Bengal, Rajasthan and recently, by the Jharkhand assembly. Other Steps Needed Societal Approach: With involvement of beliefs and emotions, regulation of social behavior is first step to stop mob violence and protect rights conferred to the citizens. This includes- ○ Respect for Law: Law is the mightiest sovereign of a civilized society. Efforts should be made to increase the feeling of law being sacred in society. ○ Culture of duty: Efforts should be made to universalize the basic duties such as- Duty of Justice, Duty of nonmaleficence etc. as part of social norms or actions. Governmental Approach: Apart from bringing laws and guiding society on social behavior, the government should apply emotional intelligence to handle conflicts with equal condemnation of social and political violence to avoid revenge tendencies world focus magazine subscription buy.

 world focus magazine

world focus magazine

 world focus magazine

worldfocus magazine Published this article page no  123 DEENDAYAL ANTYODAYA YOJANA  NATIONAL RURAL LIVELIHOODS MISSION (DAYNRLM) Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) has launched a facility for overdraft (OD) of Rs. 5,000/- to verified SHG members having accounts under the Prime Minister Jan Dhan Yojana with Banks. About DAY-NRLM Objectives Details of scheme To reduce poverty by enabling the poor households to access gainful selfemployment and skilled wage employment opportunities. To mobilize about 9- 10 crore rural poor households into Self Help Groups (SHGs) in a phased manner and provide them long-term support. Genesis o Swarnjayanti Gram Swarozgar Yojana (SGSY), started in 1999 was restructured in FY 2010-11 for implementation as the National Rural Livelihoods Mission to provide a sharper and greater focus as well as momentum for poverty reduction. o In 2015, the program was renamed Deendayal Antayodaya Yojana (DAY-NRLM). Ministry: Ministry of Rural Development (MoRD) world focus magazinesubscription buy.

 world focus magazine

gny magazine

gny magazine

gny magazine Published this article page no  90 Mandatory labelling of TFA and saturated fat content for all edible oils and food products should be implemented. For proper implementation in India, FSSAI will need to pursue local governments to improve surveillance, inspection of food premises, sampling of food products, regular training of officers, upgradation of food labs, etc. Role of Civil Society: Civil society organisations should play an important role in informing the public, providing support for draft legislation/ regulation and monitoring implementation. Conclusion As more and more countries regulate TFA, food manufacturers can reformulate products in for sale in multiple countries. This can reduce research and development costs, and allow easier trade between countries and within regions. Taking action to prevent cardiovascular diseases will not only save lives, but will also support economic and health system recovery in the wake of the COVID-19 pandemic by making future generations healthier and more resilient to infectious disease. What are fats and fatty acids? Fats are a group of chemical compounds that contain fatty acids. Fats are the sources of energy and also act as main constituents of cellular membranes assuring the fluidity, flexibility, permeability of the membrane. The terms fat and fatty acids are frequently used interchangeably. What are the different types of fatty acid? There are two main types of fatty acids: saturated and unsaturated. All fatty acids are chains of carbon atoms with hydrogen atoms attached to the carbon atoms geography and you magazine buy.

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