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. āECB 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.
Select the most appropriate segment to substitute the underlined segment of the given sentence. If substitution is not required select āno improvement...
In the given question a phrase of the sentence is printed in bold which needs to be improved. Among the given options choose the option that can improv...
More than 100 police officers were being deployed at the venue , along with an armed posse from the Police.
The people did as they are telling for fear of death.
Select the alternative that will improve the bold part of the sentence in case there is no improvement select āNo improvementā.
Kalidasa w...
The rapid advancement in technology is presented new challenges for workers in various industries, including the risk of job displacement.
The participants included hundreds of school children who get their first test of yoga .
It's a tempting offer, but I'm afraid I'm going to have to place a rain check on that one.
We should respecting everyone privacy ,no matter how close we are to them.
The show flopped miserably to the utter disappointment of everybody.
