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Cabinet approves leasing out six airports – Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru through PPP (Relevant for GS Prelims, GS Mains Paper III; Economics)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following: 1. “In-principle” approval for leasing out six airports of AAI viz. Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management and development under Public Private Partnership (PPP) through Public Private Partnership Appraisal Committee (PPPAC). 2. Constitution of an Empowered … Continued

What ails the NBFC sector (Relevant for GS Prelims, GS Mains Paper III; Economics)

India’s non-banking financial companies (NBFC) sector — also known as the shadow banking system that provides services similar to traditional commercial banks but outside normal banking regulations — is passing through a turbulent period following a series of defaults by Infrastructure Leasing and Financial Services (IL&FS) and the subsequent liquidity crunch. The liquidity squeeze faced … Continued




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