Economy Bodies for Prelims

Microfinance Institutions: MFI is an organisation that offers financial services to low income populations. These services include microloans, micro savings and […]

Prevention of Money Laundering Act: The Prevention of Money Laundering Act (PMLA) was enacted by the Indian Parliament in 2002

GST Council: It is a constitutional body (Article 279A) for making recommendations to the Union and State Government on issues related to Goods

What is PFMS? PFMS is an electronic fund tracking mechanism It compiles, collates and makes available in real-time, information regarding

PCR is digital registry of authenticated granular credit information. It will work as financial information infrastructure providing access to various

BBB is super authority (autonomous body) of eminent professionals and officials for public sector banks (PSBs). It was announced by

Payment banks are non-full service banks, whose main objective is to accelerate financial inclusion. Payment Banks concept allows mobile firms,

It is a not for profit, non-Government, private limited company incorporated in 2013. The Government of India holds 24.5%equity in

National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India. It was set