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Important Days World Health Day 2020: April 7 World Health Day is observed annually on April 7, under the sponsorship of the World Health Organization (WHO), to spread about equal healthcare facilities worldwide, the importance of Health and Wellness and to kill myths around Health. The theme of the year 2020: Support nurses and midwives. The theme celebrates the work of nurses and midwives and reminds world leaders of the critical role they play in keeping the world health

08 April, 2020
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RBI relaxed the norms of State/UT to avail overdraft

RBI relaxed the norms of State/UT to avail overdraft On April 7, 2020, The Reserve Bank of India (RBI) decided to increase the number of days that a State/UT can continue to overdraft to 21 working days from the current stipulation of 14 working days as they are facing cash flow mismatches due to coronavirus. Key Points i.In addition, the number of days that a State/UT can overdraft in a quarter has also been increased to 50 working days from the cu

Money laundering

Money laundering It is the concealing or disguising of the identity of illegally obtained proceeds so that they appear to have originated from legitimate sources. Round Tripping of Funds Round tripping refers to money that leaves the country through various channels and makes its way back into the country often as foreign investment. This mostly involves black money and is allegedly often used for stock price manipulation. Prevention of Money-Laundering Act

08 April, 2020
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Financial Intelligence Unit-India

Financial Intelligence Unit-India FIU-IND is a central, national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions to enforcement agencies and foreign FIUs. It was set up in 2004. It is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.