5 days ago

Economy Quiz Covers Solar Projects, Forex Deposits And PPPs

This quiz tests important ideas about India’s economy.

Vanilla solar means a simple solar power project that does not include batteries, wind power or other hybrid parts.

FCNR(B) accounts let eligible Indians living abroad keep fixed-term savings in several foreign currencies.

Interest from these accounts is generally tax-exempt in India when the depositor remains a non-resident under Indian tax laws.

The Appointments Committee of the Cabinet chooses part-time, non-official directors for the RBI Central Board.

The PPPAC examines large central-government projects involving public and private partners.

It considers projects worth more than Rs 100 crore and is not limited to foreign investors.

SEBI’s IT Resilience Index checks how well important financial-market technology systems can withstand disruptions.

Key facts

Vanilla solar: Standalone photovoltaic projects without integrated battery storage, wind pairing or hybrid components.
FCNR(B) deposits: Fixed-term deposits available to eligible non-residents in designated currencies including the US dollar, pound sterling, euro, Japanese yen, Australian dollar and Canadian dollar.
FCNR(B) inflows: These deposits accounted for $65.397 billion of inflows under the special forex swap facility, according to data cited in the article.
RBI board appointments: Annie George Mathew, Janmejaya Kumar Sinha and Syed Akbaruddin were appointed part-time, non-official directors for four years.
Appointments authority: The Appointments Committee of the Cabinet approved the RBI Central Board appointments.
PPPAC threshold: The committee appraises and approves central-sector PPP projects exceeding Rs 100 crore.
IT Resilience Index: SEBI’s index tracks the resilience of technology systems used by market infrastructure institutions such as exchanges and clearing corporations.

indianexpress.com · 5 days ago