Notes and Study material for Exams
Non-Banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of Shares, stock, Bonds hire-purchase insurance business or chit business but does not include any institution whose principal business … Read more
UNEP is the principal UN body in the field of the Environment, assisting governments to address global, regional and national environmental challenges. Its mandate was reinforced at the United Nations Conference on Sustainable Development (Rio+20) and through the Rio+20 outcome document “The Future Want” . As a follow up to the Rio+20 Conference, UNEP has … Read more
Money Laundering And Black Money Money Laundering Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to make it … Read more
The Shadowy World of Tax Havens: A Deep Dive into Global Tax Avoidance The term “tax haven” conjures images of secretive offshore islands, hidden bank accounts, and wealthy individuals dodging their financial obligations. While this caricature may hold some truth, the reality of tax havens is far more complex and insidious, impacting not just individuals … Read more
The Basel Norms: A Foundation for Global Financial Stability The global financial system is a complex and interconnected web, vulnerable to shocks and crises. To mitigate these risks and ensure the stability of the system, international regulatory frameworks have been developed. Among these, the Basel Norms stand out as a cornerstone, shaping the way banks … Read more
The Basel Convention: A Global Treaty for the Safe Management of Hazardous Wastes The Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal, commonly known as the Basel Convention, is an international treaty that aims to protect human health and the environment from the harmful effects of hazardous wastes. It … Read more
Financial Stability and Development Council The Financial Stability and Development Council (FSDC) is an inter-ministerial body in India that was set up in 2010 to oversee the financial stability of the country. The FSDC is chaired by the Prime Minister and includes the Finance Minister, the Reserve Bank of India Governor, and the heads of … Read more