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●Agreement on Reciprocal Logistics Support (ARLS)

Agreement on Reciprocal Logistics Support (ARLS)
•India and Russia are finalising a defence agreement that will simplify interoperability and enable military platforms to receive support and supplies across bases in both nations
•This will be beneficial for the Indian Navy, which has a large number of Russian origin ships, that will get access to Russian ports for supplies and refueling. It would be crucial for joint exercises
[It is an arrangement that will allow access to India and Russia, to each other’s military facilities for supplies and fuel]
NBFC liquidity norms
•RBI's guidelines are applicable to all non deposit-taking NBFCs with an asset size of ₹100 crore and above, systemically important Core Investment Companies and all deposit-taking NBFCs irrespective of their asset size.
•NBFCs are mandated to maintain liquidity coverage ratios (LCR). LCR will promote resilience of NBFCs to potential liquidity disruptions by ensuring that they have sufficient High Quality Liquid Assets (HQLA) to survive any acute liquidity stress scenario lasting for 30 days

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