DAILY CA : 4,5 NOV 2021
1. QS WORLD UNIVERSITY RANKINGS:
ASIA; SINGAPORE’S NUS TOPS
·
QS
(Quacquarelli Symonds) released 2022 QS World University Rankings:
Asia featuring 118 Indian Universities following China with 126
universities.
·
The
ranking has been topped by National University of Singapore (NUS) for the 4th
year in a row. It is followed by China’s Peking University at 2nd position,
and Nanyang Technological University in Singapore and the University of Hong
Kong in Hong Kong at 3rd rank.
·
Indian
Institute of Technology Bombay (IITB) (42nd regionally) and IIT Delhi (45th
regionally) are the only two Indian institutions among the
Top-50.
2.
DESERT WARRIOR – AIR FORCES OF INDIA AND EGYPT
CONDUCTS JOINT EXERCISE
·
Air forces of India and Egypt conducted a two-day
exercise ‘Desert Warrior’ at El Beringat airbase, Egypt to enhance
mutual understanding and share operational experience.
3.
RBI ISSUES REVISED PCA FRAMEWORK FOR BANKS
·
The Reserve Bank of India (RBI) reviewed and
revised the existing PCA framework for all Scheduled Commercial Banks (SCBs)
excluding Small Finance Banks, Payment Banks and Regional Rural Banks.
·
Under the revised framework, Capital, Asset Quality
and Leverage will act as the key areas for monitoring. (Capital, Asset quality
and Profitability were the key areas for monitoring in 2017’s framework).
·
PCA is a framework under which banks with weak
financial metrics are put under watch by the Reserve Bank of India (RBI). Under
the Framework, the supervised Entity will be required to initiate and implement
remedial measures in a timely manner to restore its financial health.
