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.
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.
Hockey India pulled out of the 2022 Birmingham Commonwealth Games stating the risk of contracting COVID-19 and the discriminatory quarantine rules by the United Kingdom (UK) for travellers coming from India.
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