Economy Bodies for Prelims

Insolvency and Bankruptcy Code, 2016 It was brought to reduce the delay in resolution of insolvency and bankruptcy due to multiplicity of laws – Companies Act, SARFAESI Act, Sick Industrial Companies Act, and so on. Salient Features of the law A unified code for greater legal clarity. Fixed a timeline of 180 days, extendable by …

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Monetary Policy It is the macroeconomic policy laid down by the central bank. It involves management of money supply and interest rate and is the demand side economic policy used by the government of a country to achieve macroeconomic objectives like inflation, consumption, growth and liquidity. In India, monetary policy of the Reserve Bank of India is aimed …

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