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Planning & Budget - Coggle Diagram
Planning & Budget
UPI AutoPay
NPCI launched - part of UPI 2.0
allow recurring payments of UPI
multiple financial purpose
create e-mandate for transaction upto 2000rs
Above Rs 2000
UPI needed to authenticate the payment
to enable either have to give
National Automated Clearing House (NACH)
Physical Mandate
Financial Stability Report
RBI released
21st Issues of Financial Stability Report (FSR)
collective assessment of Sub-committee
Financial Stability and Development Council (FSDC)
About
risks to FS
resilience of FS
Financial sector development and regulation
In the context of contemporary issues
Gross Non-Performing assets (NPA)
ratio increase in all commercial banks
from 8.5% in March 2020
to 12.5% by March 2021
disruption caused by COVID-19
National Payments Corporation of India (NPCI)
Umbrella organisation
operating retail payments
settlement system in India
NPCI is a not-for-profit org
estd by RBI and IBA
reg under sec 8 of the Companies Act 2013
EU coronavirus recovery fund
EU leader agreed to 750 billion euros
in forms of grants and low interest loans
package especially for countries hit hardest by the virus
R. Narayanaswamy Committee
National Financial Reporting Authority (NFRA)
Constituted - Technical Advisory Committee (TAC)
Under the chairman of R.Narayanaswamy
Aid and advice
executive body of NFRA
draft of accounting std
auditing std
Inputs from various actors
devel of measures of audit quality
Frugal Four Countries
Countries
Austria
Netherlands
Denmark
Sweden