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What are Additional tier-1 bonds(AT1)

●What are Additional tier-1 bonds(AT1)▪️ These are a type of unsecured, perpetual bonds that banks issue to shore up their core capital base to meet the Basel-III norms▪️The Reserve Bank of India(RBI) is the regulator of AT-1 bonds.▪️AT1 Bonds are perpetual and carry no maturity date.Instead,they carry call options that allow banks to redeem them […]

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National Sports Development Fund

●National Sports Development Fund▪️It was established in 1998 under the Charitable Endowments Act, 1890▪️The Fund helps sportspersons excel by providing them opportunities to train under coaches of international repute with technical, scientific and psychological support and giving them exposure to international competitions▪️Security Printing & Minting Corporation of India Limited (SPMCIL) has contributed ₹1 crore to […]

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What are Nidhi Companies?

●What are Nidhi Companies?▪️These are a class of Non-Banking Financial Company(NBFC) and Reserve Bank of India(RBI) has powers to issue directives for them related to their deposit acceptance activities.▪️It works on the principle of mutual benefits that are regulated by the Ministry of Corporate Affairs. [It is a company registered under the Companies Act, 2013.]▪️Central […]

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Serious Fraud Investigation Office (SFIO)

●Serious Fraud Investigation Office (SFIO)▪️It is a multi-disciplinary organization under the Ministry of Corporate Affairs, consisting of experts in the field of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation for detecting and prosecuting or recommending for prosecution white-collar crimes/frauds.▪️Section 211 of the Companies Act, 2013 has accorded statutory status […]

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Methanotrophs (methane-utilising bacteria)

●Methanotrophs (methane-utilising bacteria)▪️Recently, scientists at the Agharkar Research Institute (ARI), Pune have enriched, isolated and cultivated 45 different strains of methanotrophs (methane-utilising bacteria) and created the first indigenous methanotroph culture.▪️They found that there was a decrease in methane emissions in inoculated plants with a positive or neutral effect on the growth of the rice▪️Methanotrophs can […]

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