As of August 2024, the Reserve Bank of India has expanded the scope of its revised instructions on Bad and Doubtful Debt Reserve (BDDR) to include which categories of co-operative banks, aiming to standardize the treatment of such reserves for prudent financial management?
A) Urban Co-operative Banks
B) State Cooperative Banks
C) Central Cooperative Banks
The RBI's revised instructions, effective immediately, encompass Urban Co-operative Banks (UCBs), State Cooperative Banks (StCBs), and Central Cooperative Banks (CCBs). This initiative aims to rectify and facilitate a smoother transition towards compliance with accounting standards (AS). The banks are required to recalibrate BDDR balances that were formerly adjusted against net profits, now reclassifying these as direct expenses by 31st March 2025.
What economic shift was highlighted by Chief Justice D.Y. Chandrachud in the Supreme Court's judgment on the state's authority over private property?
In order to strengthen the nursing workforce in the country, the Cabinet Committee on Economic Affairs, has approved the establishment of _______ new nu...
Which of the folloiwng becomes first Indian company that has used metaverse to engage with its stakeholders?
The largest city of Madhya Pradesh state area wise is?
Who among the following persons was announced as the head of the Committee to protect language, culture and land in Ladakh by the Central Government in ...
The Indian Institute of Science (IISc), Bengaluru, recently developed a new 3D hydrogel culture system similar to the mammalian lung environment. This s...
The Institute of Economic Growth has appointed ________ as the new director.
Statements:
1. Himachal Pradesh will launch the ‘Himachal Pradesh Early Childhood Care and Education Tutor Scheme’.
2. The scheme is a...
Which state has topped in Goods and Services Tax (GST) registrations by businesses and dealers between 2017 to 2022?
Sheikh Sabah Al Khalid was appointed as the Prime Minister of which country?