8 October 2021 Current Affairs
RBI has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under which of the following Section of RBI Act, 1934?
The Reserve Bank of India has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under Section 45-IE (1) of the Reserve Bank of India Act, 1934.
As per Section 3 of the SARFAESI Act, a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI and, having the owned fund of not less than Rs 2 crore.
The Centre has approved the setting up of seven new mega textile parks, or PM MITRA parks across the country to help to further the growth of the textile sector in the economy and position India strongly on the Global textiles map.
The Nobel Prize in Chemistry for the year 2021 has been awarded jointly to Benjamin List (Germany) and David MacMillan (the USA) "for the development of asymmetric organocatalysis".
EXAMIANS