Context: Unsecured loans have gone up, and the resultant delinquency rates have also increased, due to which demand for collection profiles in the retail lending space, specifically unsecured loans like credit cards and personal loans, has increased in the past six months. Unsecured Loans An unsecured loan is a type of loan that does not require the borrower to provide collateral, such as property or other assets, to secure the loan. Instead, the lender approves the loan based on the borrower’s creditworthiness, financial stability, and ability to repay. Key Features of Unsecured Loans Common Types of Unsecured Loans Advantages of Unsecured Loans Challenges and Risks How to Qualify for an Unsecured Loan When to Consider an Unsecured Loan
The Vivad se Vishwas
The Vivad se Vishwas scheme is a voluntary settlement scheme in India that aims to resolve long-standing disputes. The scheme is available for both contractual and income tax disputes. Vivad se Vishwas II scheme Direct Tax Vivad se Vishwas (DTVSV) scheme
RBI Take on NBFCs
Context: On October 17, 2024, the Reserve Bank of India (RBI) issued a “cease and desist” order against four NBFCs. RBI’s Regulations on Asset Qualification Norms
Fertilizer Subsidy Allocation FY-2026
Diammonium Phosphate (DAP) Fertilizer
Nabard’s Four Pillar Approach to Climate Change in Agriculture
Graphics Processing Unit (GPU)
Context: Indian Ministry of Electronics and Information and Technology (Meity) receives 20,000 GPUs from companies under the â‚ą 10,370 crore IndiaAI Mission, nearly double the amount requested. Graphics Processing Unit (GPU) A graphics processing unit (GPU) is an electronic circuit that accelerates the rendering of computer graphics and image processing. GPUs are designed to quickly perform mathematical calculations, which may help reduce the time it takes for a computer to run several programs. IndiaAI Mission
India-Mongolia Trade Relations
Context: India is set to finalize a Memorandum of Understanding (MoU) with Mongolia to enhance collaboration in geology and exploration, aimed at securing key resources essential for industrial growth. Mongolia is rich in natural resources, including coal, copper, gold, iron, and uranium. These resources are a key part of the country’s economy, accounting for over 90% of its exports. Key Highlights Strategic Importance
Non-Resident Indian (NRI)
A Non-Resident Indian (NRI) is a citizen of India living outside the country. In fact, the term NRI is also sometimes used to describe a person of Indian origin living outside India.
Dual Citizenship in India!
Context: At an event, External Affairs Minister S. Jaishankar said there are a lot of challenges in providing dual citizenship to Indians settled abroad. He pointed out that the Overseas Citizenship of India drive is a step towards meeting the demand. The Overseas Citizenship of India (OCI) The Overseas Citizenship of India (OCI) scheme allows people of Indian origin to live and work in India indefinitely. OCI cardholders receive a lifetime visa to India, and are treated similarly to Non-Resident Indians (NRIs) in many ways. Non-Resident Indian (NRI) A Non-Resident Indian (NRI) is a citizen of India living outside the country. In fact, the term NRI is also sometimes used to describe a person of Indian origin living outside India. UPSC Prelims PYQ Q.1. With reference to India, consider the following statements: (2021) Correct Answer is Option (a)
The Overseas Citizenship of India (OCI)
The Overseas Citizenship of India (OCI) scheme allows people of Indian origin to live and work in India indefinitely. OCI cardholders receive a lifetime visa to India, and are treated similarly to Non-Resident Indians (NRIs) in many ways.
