Source- The Indian Express Syllabus- GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development, and employment Synopsis- Budget 2021 proposed the formation of bad banks to manage NPAs and DFI for raising funds. Introduction In Union Budget 2021 -22, Finance Minister has proposed to set up an ARC (Asset Reconstruction … Continue reading Proposal to establish Bad bank and Development Finance Institution [DFI]