What is it? The number of candidates whose names Uttar Pradesh chief minister Akhilesh Yadav has announced ahead of the state elections next year. Tell me more: As per an estimate by India’s largest lender, the State Bank of India, around Rs 13 lakh crore would come back into the system, which is about 84.4% of the Rs15.4 lakh crore withdrawn on November 8. In terms of deposits above Rs2 lakh, about 60 lakh individuals and companies have reportedly deposited an aggregate of over Rs7 lakh crore (individuals account for Rs3-4 lakh crore in this) and the authorities are working to find out if some have been trying to evade taxes by different means including using multiple accounts. However, there are suspicions if some managed to find ways to convert their black money into white. Why is it important? This compares with Rs 3,185 crore undisclosed income detected by the department in 677 such operations as on December 20. What is it? The undisclosed amount detected by the Income Tax department in 983 search, survey and enquiry operations post-demonetisation. Tell me more: A stress test conducted in terms of sectors showed that iron and steel would record the highest NPA (non-performing assets) followed by construction and engineering in March 2017 and in March 2018. This may worsen if the macroeconomic conditions deteriorate. The RBI’s stress test showed that the GNPA ratio may increase to 9.8% in March 2017 (from 9.1% in September) and further to 10.1% by March 2018. The banking sector continues to remain under significant levels of stress though the system is stable after banks were forced to acknowledge and account for the true extent of their bad loans, as per the RBI’s bi-annual Financial Stability Report. Why is it important? This is a measure of risk in the banking sector and has pushed the overall stressed advances ratio to 12.3% from 11.5%. What is it? The gross non-performing advances (GNPA) ratio of India’s commercial banks in September 2016, up from 7.8% in March this year. There has been criticism from some quarters that the autonomy of the apex bank is under threat and that it could have handled the exercise better given the number of rule changes and difficulties that people had to face due to the cash crunch. Tell me more: The RBI has also said that it cannot disclose the reasons behind the demonetisation move nor can it provide details about how longer it would take to replenish the withdrawn currency notes.
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