Question
In order to automate the complete lifecycle of external
commercial borrowings (ECBs) and trade credits, RBI is in the process of implementing which project. Read the following passage and answer the next 5 question (Q11-Q15) After a sharp decline in pandemic-hit FY21, overseas fundraising of Indian corporates have regained momentum. As per the latest RBI data, external commercial borrowings (ECBs) of India Inc in FY22 stood at $38.5 billion, witnessing a 10 per cent growth over FY21. External borrowings of India Inc touched a historic high of $52 billion in FY20 amid surplus liquidity and low interest rates in the global markets. However, the quantum of overseas borrowing declined by 32 per cent to $35 billion in FY21 as the pandemic-led uncertainties forced corporates to postpone their fundraising and expansion plans, besides deleveraging their balance sheets. However, pick-up in economic activity post unlocking and the continued availability of cheaper funds abroad induced corporates to tap overseas funding in the previous fiscal. “ECB issuances by Indian companies grew by 10 per cent y-o-y in FY22 to $38.5 billion. While in absolute terms, it is still lower than the peak observed in FY20 at $53 billion, sequential increase clearly shows improvement in corporate performance and credit growth. Source: BusinessLineSolution
In its endeavour to automate the complete lifecycle of external commercial borrowings (ECBs) and trade credits, the Department OF Financial Markets and Foreign Exchange is in the process of implementing the SPECTRA project. SPECTRA would encompass the lifecycle of ECB/trade credits, from receipt of application to approval stage either at the level of Authorised Dealer (AD) Bank or the Reserve Bank, as well as reporting of transactions. It will incorporate all policy provisions related to ECBs and trade credits. The development of the software has since been completed and the user acceptance testing (UAT) is near completion. SPECTRA -Software Platform for External Commercial Borrowings and Trade Credits Reporting and Approval.
Which of the following is a "Scheduled Offence" under the PMLA, 2002?
When there is uninterrupted access and use of light or air to and for any building have been peaceably enjoyed as an easement over a property belonging ...
Provisions as to the Administration of Tribal Areas as to Assam, Meghalaya, Tripura and Mizoram is in which schedule of the Constitution of India?
When was the Constitution adopted?
Under the Consumer Protection Act a complaint must be resolved within three months if no analysis is required and within __________ if analysis or testi...
Amicus Curiae means_____________
An admission is:
Which of the following is a function that the District Authority may perform under the Legal Service Authorities Act?
Under the Code of Civil Procedure (CPC), the principle of "Res Sub-Judice" (Section 10) provides that:
An accused person has been arrested and is in police custody. The accused wishes to meet with an advocate to consult about their case. Under which secti...
