Current Affairs Cseet – February 2021 Part 2

1. Budget 2021-22 proposals rest on 6 pillars;fiscal deficit is set to jump to 9.5% of GDP in 2020-21 as per Revised Estimates. 6 pillars:health and well-being,physical,financial capital and infrastructure, inclusive development for aspirational India, re invigorating human capital, innovation and R&D & minimum government and maximum governance.Deficit is higher than 3.5% projected. Personal income…

NBFC new regulations by RBI – Key points

Non-Banking Financial Company (NBFC) A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2003 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal…