RBI has issued a policy action guideline (first in May 2014 and revised effective from April 1, 2017) in the form of Prompt Corrective Action (PCA) Framework if a commercial bank’s financial condition worsens below a mark.  The PCA framework specifies the trigger points or the level in which the RBI will intervene with corrective action.

Big banks are systemically important because of their size, network, and their ability to provide complex financial products on their own. Hence, when they fall, effects will be disastrous for the global economy. if such banks are controlled or well regulated, the occurrence of a crisis and its adverse effects etc. can be minimized.

The Basel Committee on Banking Supervision (BCBS) started to identify such big banks which are named as Global Systemically Important Banks (G-SIBs)

1. Size (business volume or asset size) – higher the size, higher will be systemic importance

2. Interconnectedness: Interconnectedness refers to networking and intra financial market dealings by the bank. Higher the interconnectedness, higher will be systemic importance.

3. Substitutability: whether there are adequate substitutes for major businesses of the bank. Lack of substitutability enhances systemic importance of a bank.

4. Complexity – higher volume of complex financial products like derivatives traded by the institution

DTAB is highest statutory decision-making body on technical matters related to drugs in the country . It is constituted as per the Drugs and Cosmetics act, 1940. Drugs Technical Advisory Board is part of Central Drugs Standard Control Organization (CDSCO) in the Ministry of Health and Family Welfare.

Schedule H is a class of prescription drugs listed under Drugs and Cosmetics Rules, 1945 which governs manufacture and sale of all drugs in India.These are drugs cannot be purchased over counter without prescription of qualified doctor. It is revised time to time on advice of DTAB.

The bacteria help to kill the insect, and secrete the antibiotic to keep competing bacteria away. ODLs act on the ribosome — the molecular machine that makes proteins cells needed to function — of bacterial cells. When bound to the ribosome, the antibiotic disrupts its ability to interpret and translate genetic code. When ODLs are introduced to the bacterial cells, they impact the reading ability of the ribosome and cause the ribosome to make mistakes when it creates new proteins.This miscoding corrupts the cell with flawed proteins and causes the bacterial cell to die.

Krishna Wildlife sanctuary is in Andhra Pradesh. The wetland ecosystem is prime attraction for the Kingfisher species.

 

The Public Procurement Policy for Micro and Small Enterprises (MSME) order 2012 has mandated every Central Ministry/Department/PSU shall set an annual goal for procurement from the MSE sector at the beginning of the year, with the objective of achieving an overall procurement goal of minimum 20 per cent of the total annual purchases from the products or services produced or rendered by MSEs.

The Ministry of Communications launched DARPAN – “Digital Advancement of Rural Post Office for A New India” Project to improve the quality of service, add value to services and achieve “financial inclusion” of un-banked rural population. The goal of the IT modernization project is to provide a low power technology solution to each Branch Postmaster (BPM) which will enable each of approximately 1.29 Lakhs Branch Post Offices (BOs) to improve the level of services being offered to rural customers across all the states. The Project shall increase the rural reach of the Department of Posts and enable BOs to increase traffic of all financial remittances, savings accounts, Rural Postal Life Insurance etc.

Wholesale Price Index (WPI) measures the average change in the prices of commodities for bulk sale at the level of early stage of transactions. The index basket of the WPI covers commodities falling under the three major groups namely Primary Articles, Fuel and Power and Manufactured products. (The index basket of the present 2011-12 series has a total of 697 items including 117 items for Primary Articles, 16 items for Fuel & Power and 564 items for Manufactured Products.) Services are not covered by WPI. Office of Economic Advisor (OEA), Department of Industrial Policy and Promotion, Ministry of Commerce and Industry calculates the WPI.

‘Invest India’ is India’s official agency dedicated to investment promotion and facilitation. It is a not-for-profit, single window facilitator, set up in 2010 for prospective overseas investors and to those aspiring Indian investors desiring to invest in foreign locations, and acts as a structured mechanism to attract investment. Invest India is essentially an Investment Promotion Agency in India.

The core mandate of Invest India is investment promotion and facilitation. It provides sector-specific and state-specific information to a foreign investor, assists in expediting regulatory approvals, and offers hand-holding services. Its mandate also includes assisting Indian investors to make informed choices about investment opportunities overseas.