Uddipana Gogoi

Liquidity adjustment facility is a technique/tool of monetary policy of the Reserve Bank of India. It allows commercial banks to borrow from the Reserve Bank of India.

Asset reconstruction company is a specialised financial institution/ non-banking institution that are engaged in the business of purchasing ill assets/ non-performing assets of companies/banks.

Ease of doing business is an index of the ranking system of the world bank.

Atma Nirbhar Bharat scheme is also known as a self-reliant campaign introduced to domestic production and export and also to reduce dependence on imports.

PLI stands for Production linked incentive scheme introduced in March 2020

Greenfield investment is a type of Foreign direct investment where the foreign investor makes equity investment in new projects of other countries.

Prompt corrective action or PCA is a framework under which banks with weak financial metrics are put under watch by the RBI.

P- note is a participatory note also known as PN.

Priority sector refers to  lending to those areas of the economy which are considered as backward and need specific attention of the government for the development of such areas.

Nifty is an abbreviation of National Stock Exchange fifty. Nifty is an equity benchmark index of National stock exchange.

Green bond is a debt instrument issued to raise money only for climate change and environment related projects.

G-sec refers to government security. The Central Government or the State Governments issues G-sec and are tradable for a short period and long period.

NPA stands for non-performing assets. In simple terms, NPA refers to those assets that are not yielding return to the business.

Bad bank is a corporate entity that was formed to clear the non performing assets of banks.

Sensex refers to the benchmark index of the BSE in India.

GST is the abbreviation of Goods and Services Tax.

Credit score is a number that reveals the credit worthiness of borrowers.

e-Rupi is designed as a digital payment system which enables users to access the service with the help of SMS or QR bar.

CBDC is a national digital currency or digital form of fiat currency of a country.

NEFT stands for National Electronic Fund Transfer is a centralised payment system of India.

NPCI is an initiative of the Reserve Bank of India and Indian Bank Association in order to promote the digital payment and settlement system of India at retail level.

It accepts demand deposits under current deposits, and savings bank deposits from individuals, small businesses and other entities.
It issues ATM / Debit Cards. Payments banks, however, cannot issue credit cards.
It makes payments and remittance services through various channels including branches, Automated Teller Machines (ATMs), Business Correspondents (BCs) and mobile banking.
It also provides internet banking services to the users.
It accepts remittances to be sent to or receive remittances from multiple banks under a payment mechanism approved by RBI, such as RTGS / NEFT / IMPS.
It undertakes other non-risk sharing simple financial services activities, not requiring any commitment of its own funds, such as distribution of mutual fund units, insurance products, pension products, etc. with the prior approval of the RBI and after complying with the requirements of the sectoral regulator for such products.

Foreign investment refers to the investment made by the foreign individuals or corporations or government.

General insurance, also referred to as non-life insurance, is related to insurance of properties, assets, real estate, gazettes, automobiles etc.

Money laundering is the process of converting the illegally earned money into legal money

Treasury bills are money market instruments.

The electoral bonds were introduced with the Finance Bill (2017).

IPO stands for Initial public offerings. Initial public offerings refers to a method of offering public issues.

The variable cash reserve ratio is one of the techniques/tools of the credit control policy of the central bank of a country.

Bank rate is the rate at which the central bank of a country lends money to commercial banks.