New Delhi: While speaking about the Supreme Court’s recent ruling on the RBI's February 12, 2018 stressed assets circular, Chief Economic Advisor in the Finance Ministry Krishnamurthy Subramanian said, 'It can’t be applied very generally and has to be done in a specific manner.
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New Delhi: While speaking about the Supreme Court’s recent ruling on the RBI's February 12, 2018 stressed assets circular, Chief Economic Advisor in the Finance Ministry Krishnamurthy Subramanian said, 'It can’t be applied very generally and has to be done in a specific manner.
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A #circulareconomy is a systemic approach to economic development designed to benefit businesses, society, and the environment. A circular economy reveals and designs out the negative impacts of economic activity that cause damage to human health and natural systems. This includes the release of greenhouse gases and hazardous substances, the pollution of air, land, and water, as well as structural waste such as traffic congestion. The current paradigm of linear economic model could be coming to an end and its place will be taken by the circular economy. The current model of production and management of resources, goods and services that seeks to promote short-term consumption is leading the planet to an unsustainable situation. The current economic system is the opposite of the life cycle of nature and collides with sustainable development, focused on the long term. In nature there is no waste or landfill: all elements play a role continuously and are reused in different stages.
The new model of circular economy is meant to allow the planet to breathe, while leaving no one behind. By decoupling economic growth from resource use, setting global standards in product sustainability, keeping resource use within planetary boundaries and promoting the re-use of materials, circular economy may be the only sustainable economic model for the future. Secondly, the circular economy promotes the use of as many biodegradable materials as possible in the manufacture of products -biological nutrients- so they can get back to nature without causing environmental damage at the end of their useful life. When it is not possible to use eco-friendly materials -technical nutrients: electronics, hardware, batteries... - the aim is to facilitate a simple uncoupling to give them a new life by reintroducing them into the production cycle and composing a new piece. When this is not possible, it will be recycled in a respectful way with the environment. Circular economy is a substanti
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RBI और मोदी सरकार में फिर ठनेगी! | Jalan Panel Finalises Report On RBI Capital | RBI Latest news
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जब से मोदी सरकार ने नोटबंदी की है...उसके बाद से ही भारतीय रिजर्व बैंक लगातार नए नोट और सिक्के जारी कर रहा है. बाजार में कब कौन सा नया नोट आ जाता है...पता ही नहीं चलता...जिसे लेकर अमूमन लोगों में असमंजस की स्थिति बनी रहती है कि ये नोट या सिक्का सही है भी या नहीं..ऐसे में दृष्टिहीन लोगों को कितनी परेशानी होती होगी...ये भी बड़ा सवाल है,,इसे लेकर ही बॉम्बे हाईकोर्ट में याचिका दायर की गई थी...जिस पर अब कोर्ट ने RBI से जवाब मांगा है
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RBI on Monday asked banks, NBFCs and payment system providers not to refer to its earlier virtual currencies-related circular, that was issued in April 2018 and later aside by the Supreme Court, in their communications to customers.
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RBI asks banks not to refer to its 2018 circular on virtual currencies
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In a move that may change the very basics of the India's bankruptcy regime, the Supreme Court Tuesday declared RBI's momentous circular on defaulting companies as unconstitutional. The circular in question sought to deal with resolution of stressed assets by way of a revised framework. Commonly referred to as the February 12, 2018 circular, it had forced seriously stressed companies to come clean and declare bankruptcy. Tune in as ET's Joel Rebello brings you all the details. (Text: ET Online)
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