Non-Banking Finance Company (NBFC)
An NBFC is a company registered under the Companies Act, 1956, engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by the Government or local authority, or other marketable securities. Regulation Regulated by the RBI within the … Continue reading
Thirukkural
Thirukkural (Tamil: “Sacred Couplets”) also called Kural, is a classic Tamil text written by Thiruvalluvar. Structure Thirukkural contains 1,330 couplets (Kurals) arranged into 133 chapters, with 10 couplets in each chapter. It is broadly divided into three sections: Aram (Virtue): … Continue reading
Free Trade Agreement (FTA)
FTA refers to eliminating tariffs and quotas on most goods and services among members, but each retains its own external tariffs. Examples include NAFTA (now USMCA) and EFTA. Levels of Economic Integration Preferential Trade Agreement (PTA): Countries offer reduced tariffs … Continue reading