Sarat Chandra IAS Academy

Important Terms in 12th August-2020 News

 

DGCA

  • The Directorate General of Civil Aviation (DGCA) is the regulatory body in the field of Civil Aviation, primarily dealing with safety issues.
  • It is responsible for regulation of air transport services to/from/within India and for enforcement of civil air regulations, air safety, and airworthiness standards.
  • The DGCA also co-ordinates all regulatory functions with the International Civil Aviation Organisation (ICAO).

CBI

  • The Central Bureau of Investigation (CBI) is the premier investigating agency of India.
  • Operating under the jurisdiction of the Ministry of Personnel, Public Grievances and Pensions, the CBI is headed by the Director.
  • CBI, India’s first agency to investigate corruption, the Special Police Establishment, was set up in 1941, six years before independence from British rule to probe bribery and corruption in the country during World War II.
  • In 1946, it was brought under the Home Department and its remit was expanded to investigate corruption in central and state governments under the Delhi Special Police Establishment Act.
  • The special police force became the Central Bureau of Investigation after the Home Ministry, which is in charge of domestic security, decided to expand its powers and change its name in 19

DAC

  • As an overarching structure, the Defence Acquisition Council (DAC), under the Defence Minister, is constituted for overall guidance of the defence procurement planning process.
  • DAC is the highest decision-making body in the Defence Ministry for deciding on new policies and capital acquisitions for the three services (Army, Navy and Air Force) and the Indian Coast Guard.
  • The objective of the Defence Acquisition Council is to ensure expeditious procurement of the approved requirements of the Armed Forces in terms of capabilities sought, and time frame prescribed, by optimally utilizing the allocated budgetary resources.

Non-convertible debentures

  • Non-convertible debentures (NCD) are fixed-income instruments, usually issued by high-rated companies in the form of a public issue to accumulate long-term capital appreciation.
  • They offer relatively higher interest rates when compared to convertible debentures.
  • They benefit investors with their supreme returns, liquidity, low risk and tax benefits when compared to that of convertible debentures.

 

 

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