Recently ldquo PARA rdquo was in news what is PARA ........

Economic Affairs Financial Institutions

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Recently “PARA”, was in news what is PARA

Public Sector Assets Reconstruction Agency

Public Sector Asset Rehabilitation Agency

Public Sector Additional Reconstruction Association

None of the above

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Explanation:

• To tackle with the problems of increasing Non-Performing Assets (NPAs) of the banking system and declining credit and investment, the Economic Survey 2016-17 on recommended a centralised Public Sector Asset Rehabilitation Agency (PARA).
• PARA will aim to look at the largest, most difficult cases, and make politically tough decisions to reduce debt.