It’s the PARA which stands for The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank”. This agency aims to assume the Non-Performing Assets (NPA) of public sector banks in India and to deal with the recovery of the bad loan and has been proposed in Economic Survey 2016-17.

Market Intervention Scheme (MIS) is a price support mechanism implemented on the request of State Governments for procurement of perishable and horticultural commodities in the event of a fall in market prices. The Scheme is implemented when there is at least 10% increase in production or 10% decrease in the ruling rates over the previous normal year.

One can file a complaint before the Banking Ombudsman if the reply is not received from the bank within a period of one month after the bank concerned has received one s representation, or the bank rejects the complaint, or if the complainant is not satisfied with the reply given by the bank.

The Department of Posts is expected to complete the rollout of its branches all over the country by September 2017. The total expenditure involved in this project is Rs 800 Crore. 

All citizens, especially 40% of the country's population that is outside the ambit of formal banking in the country will benefit from this project. The project will be rolled out in the entire country in a phased manner.

Accordingly, the transitional period for full implementation of Basel III Capital Regulations in India is extended upto March 31, 2019, instead of as on March 31, 2018.

The government has notified inflation target of 4% (+/- 2%), to be valid till March 31, 2021, in the new Monetary Policy Framework. 

Note: 

(i)The government had amended the RBI Act in the budget to provide for a monetary policy committee with a specific inflation goal. 

(ii)Under section 45ZA of the RBI Act, the government, in consultation with the RBI, has to notify an inflation target in terms of the Consumer Price Index every five years.

A crossed cheque is a cheque that has been marked to specify an instruction about the way it is to be redeemed. A common instruction is to specify that it must be deposited directly into an account with a bank and not immediately cashed by a bank over the counter

Companies find various loop-holes to avoid paying income tax by using several exemptions. MAT (Minimum Alternate Tax) is a way of making companies pay a minimum amount of tax.

Profit from the price difference of securities between the two markets

Public account deposit is not accepted by commercial banks.