The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5. With Bucket 5 being the most important followed by rest in decreasing order.
The PMLA Adjudicating Authority is a three-member body whose mandate is to adjudicate the cases of attachment of assets orders issued under the PMLA and order for its continuity and further confiscation or release, considering the merits of the investigation.
Union Minister Jitendra Singh launched Artificial Intelligence (AI) driven Start-Up named 'Swajal Water Private Limited' started by IIT alumni for water purification.
Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as Vice President of the multilateral funding institution Asian Infrastructure Investment Bank (AIIB) for three years.
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