Economic GD Topics

Insolvency and bankruptcy code

Developed to find a solution to the proliferating stressed assets of banks, The Insolvency and Bankruptcy Code has been evolving since 2016. Although the code has been able to do only a little good to the banks uptil now, it…
Economic GD Topics General GD Topics

Should Fintech firms and Banks be collaborated?

In this age of transparency and digitization, Fintech firms and start-ups have been the major gainers. They are also emerging as strong players in the financial sector by offering personalised and transparent offers to the customers. By weakening the loyalty…
Economic GD Topics

Fugitive Economic Offenders Act

What is Fugitive Economic Offenders Act :-
  • Fugitive Economic Offenders Act, 2018 was brought to deal with the economic offenders that left the country to escape from investigation.
  • Many high-profile economic offenders such as Nirav Modi, Mehul Choksi, Vijay Malya,
Pnb scam
Economic GD Topics Current Affairs GD Topics

How can banks prevent Nirav Modi-Like scams?

Background :-
  • Two employees of Punjab National Bank, the second largest public sector bank of India, tie up with Nirav Modi and issued LOUs(Letter of Undertaking) to overseas banks through SWIFT(Society for Worldwide Interbank Financial Telecommunication), without noting this in
Artificial intelligence (2)
General GD Topics Economic GD Topics Technology GD Topics

Will artificial intelligence take away jobs?

  • Artificial Intelligence is mainly feeding the raw inputs and the corresponding outcome into a system. The role of this automated device is to come up with an optimistic algorithm to reach that particular output with the given data input