Economy (Debt Recovery Tribunal(DRT) Currently 39 (Setup under Recovery…
Debt Recovery Tribunal(DRT)
Setup under Recovery of Debts due to Banks and Financial Institutions Act (RDBBFI), 1993
Central govt establishes DRT's
Appeals against orders with DRAT and only HC and SC
: Provisions of RDBBFI and SARFAESI Act,2002
Can travel beyond CrPC to render complete justice.
Upto 20L of money
:Person qualified to be a district judge appointed by central govt for 5yr/ 62 age.
Public Credit Registry(PCR)
Credit information of borrowers and their entire set of borrowing contracts and outcomes which will be accessible to all stakeholders.
Management : By a central bank or banking supervisor where reporting of loan details given to PCR by lender/borrower
Help RBI to better understand transmission of monetary policies and bottlenecks if present
Prevents over pledging of collateral by borrower
Helpful for Good borrowers
Effective restructuring of stressed assets by banks and supervisor
Y.M Deosthalee committe: setup by RBI, report in 2018 on setting up of PCR
NIIF(National Investment and Infrastructure fund)
Setup in 2015 with a corpus of 40k
49% GOI and rest from 3rd party investors
Funding commercially viable greenfield, brownfield and stalled infrastructure projects
Manages 3 funds registered as Alternative Investment Fund (AIF) with SEBI
For core infrastructure sectors such as roads, ports, airports, power etc.
Fund of Funds:
Strategic Investment Fund:
Presumptive taxation scheme
No need to get the account book audited and to maintain just data about Turnover and gross receipts
Taxed on basis of 8% of this annual turnover
For traders and businesses <2cr annual turnover.
For professionals <50L annual turnover
Approved by Cabinet in 2017 for amalgamation of PSB's and disinvestment in CPSE's
Total Expense Ratio(TER)
Money charged by mutual fund managers from customers as % of investment