To bridge the wide funding gap for the creation of urban infrastructure, the Centre will allocate Rs 10,000 crore annually from the corpus of the priority sector lending shortfall of banks to accelerate urban capital expenditure. The idea is to create a long-term dedicated fund flow mechanism for the sector. The funds would be used by public agencies to build urban infrastructure in Tier 2 and Tier 3 cities (state capitals and smaller towns). In the Budget for 2023-24, Urban Infrastructure Development Fund (UIDF) under the National Housing Bank will be established through the use of priority sector lending shortfall, like the Rural Infrastructure Development Fund (RIDF) under the National Bank for Agriculture and Rural Development (Nabard).
Which of the following is the Highest Body in India with respect to Direct Taxes?
Which of the following is a capital transaction?
Which of the following is a window for the banks to borrow from RBI in an emergency when inter-bank liquidity dries up completely.
Sh Ajay Kumar Chaudhary who is appointed as a new Executive Director of RBI, was earlier designated as:
Expand CAMELS as one of the rating systems used by RBI
In terms of market efficiency, short selling is most likely:
If CRAR falls to less than ___________ percent, the RBI asks banks to submit a capital restoration plan, restricts new businesses and dividend payments.
ABC Ltd’s purchases during the year were Rs 200000. The balance sheet shows an average accounts payable balance of Rs 15000. ABC’s payables ...
Which of the following category(s) is/are covered under Agriculture for which the banks can fulfil the criteria under Priority Sector lending?
Basel committee on Banking Supervision (BCBS) was established in _______.
