Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Mrinal
1. 1
• Rs 25000 cr.
Recapitalisation
of public sector
banks
Banking
Board
Bureau
2. BBB: The Banks Board Bureau recommends appointment of directors in public sector
banks (PSBs) and advice on ways of raising funds and dealing with issues of assets.
Facts
of BBB
Will start
functioning
from 01/04/16
Will replace the
systems
Appointment
Board
Will consist of
six members
body
Guide banks
on mergers
and
consolidations.
2
3. Mudra- Micro Units Development Refinance Agency.
Launched on 8th April, 2015.
Target of disbursement
3
Budget 2015-
16
1,00,000
cr.
Budget 2016-
17
1,80,000
cr.
4. Offer loans to sole-proprietors
or entrepreneurs of small and
medium enterprise.
Currently 27 banks are
enrolled under MUDRA.
4
6. Public Sector
New India Assurance Company Limited
National Insurance Company Limited
The Oriental Insurance Co. Ltd.
United India Insurance Co. Ltd.
Agriculture Insurance Company of India Ltd.
6
8. Other important changes in Union
Budget 2016-17:
A comprehensive Code on Resolution of Financial
Firms to be introduced.
A Financial Data Management Centre to be set
up.
RBI to facilitate retail participation in Government
securities.
New derivative products will be developed by
SEBI in the Commodity Derivatives market.
Comprehensive Central Legislation to be bought
to deal with the menace of illicit deposit taking
schemes.
8
