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(a) Historical background and current statusLand Tenure System in Pre-Independent India: Zamindari System; Mahalwari System; Ryotwari SystemLand Tenure System in Pre-Independent IndiaAt the time of independence, there were three major types of land tenure systems prevailing in t
Read More About It...Non-Banking Financial CompaniesA Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other mark
Read More About It...Key ObservationsSpecific Recommendations made by the committee.Problem of Non Performing Assets in IndiaNon-Performing AssetsAn NPA is a loan or advance for which the principle or interest payment remained overdue for a period of 90 days.Banks are further required to cla
Read More About It...Development Finance InstitutionsThe Need of DFIsClassification of DFIsAll India DFIsSpecial DFIsInvestment InstitutionsRefinance InstitutionsState Level DFIsIFCI IDBI SIDBI ICICI ICICI ceased to be a DFI and converted into a Bank on 30 March
Read More About It...Topic: For Prelims & MainsGS IIIHow has China recovered?While much of the global economies are impacted by the Covid-19, China’s GDP growth has recovered sharply.This is a result of a bounceback in manufacturing output and a public spending boost.China’s re
Read More About It...Why in News?A meeting of the International Financial Services Centres Authority (IFSCA) was held recently.The Board, after detailed deliberations, approved the following regulations:International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020Inte
Read More About It...Why in News?The Supreme Court has come down heavily on the Department of Telecommunications (DoT) for issuing a notification last month that asked for no coercive action against telecom companies even though they had not paid the adjusted gross revenue (AGR) dues by the stipulated
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