Polity & Governance
Days & Dates
Refinance Facilities: RBI offers refinance facility to help out the exporters by replacing an existing debt obligation with another.
Quantitative easing & Tapering: Quantitative easing is an unconventional monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective. A central bank implements Quantitative easing by buying specified amounts of financial assets from commercial banks and other private institutions, thus increasing the monetary base, so that the banks have now more money to lend.
Banker’s Lien: Banker’s lien is an enforceable right of a bank to hold in its possession any money or property belonging to a customer and to apply it to the repayment of any outstanding debt owed to the bank, provided that, to the bank’s knowledge, such property is not part of a trust fund or is not already burdened with other debts. Banker’s lien is both a possessory lien and a special lien.
Speculation: Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain. With speculation, the risk of loss is more than offset by the possibility of a substantial gain or other recompense.
GAAR: General Anti-Avoidance Rule is a tool for checking aggressive tax planning especially that transaction or business arrangement which is/are entered into with the objective of avoiding tax. GAAR was first introduced in the Direct Taxes Code Bill 2010.