Portfolio of Union Ministers and their Constituencies (Updated)

Constituency is an area whose voters elect a representative to a legislative body. In India, each state is divided into a number of constituencies and after  the Lok Sabha Elections, the winners from those constituencies become the Member of Parliament. Like during the 2014 Lok Sabha Elections, Sh. Raj Nath Singh won from his constituency Lucknow in UP. There are…

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List of Important Days in August 2017

Hello Aspirants Here are the Important Days observed in the Month of August 2017. Remember that some important days are observed on different days each year. Date  Day  Extra Info 01 August World Breast Feeding Day   06 August Hiroshima Day, Anti-Nuclear Day   07 August National Handloom Day   08 August World Senior Citizen’s Day   09 August Quit India Day 75th Anniversary. Theme…

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List of Important Days in July 2017

  Hello Aspirants Here are the Important Days observed in the Month of July 2017. Remember that some important days are observed on different days each year. Date Day Theme 2017 1 July National Doctors’ Day   2 July World Sports Journalists Day   7 July Global Forgiveness Day   11 July World Population Day Family Planning: Empowering People, Developing Nations…

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Prompt Corrective Action (PCA)

Prompt Corrective Action

Simply, Prompt Corrective Action can be referred to as penalties on the banks when they do not comply with the regulator’s (The Reserve Bank of India here in India) guidelines. To ensure that banks don’t collapse at any point, RBI has put some threshold limits on activities according to which RBI monitors the banks’ working and then take corrective actions…

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