8 October 2021 Current Affairs
Which of the following Sections of the SARFAESI Act states that a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI in addition to having a prescribed limit of minimum net owned fund requirement?
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The Reserve Bank of India has superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) under Section 45-IE (1) of the Reserve Bank of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.
Rating agency Moody's Investors Service has upgraded India's sovereign rating outlook to 'stable' from 'negative', following an improvement in the financial sector and faster-than-expected economic recovery across sectors.
US-based Stanford University's Professor Eric A. Hanushek and Mumbai-based Dr Rukmini Banerji have been felicitated with the 2021 Yidan Prize, the world's highest education accolade.
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