HAL becomes first public sector enterprise to transact on TReDS. TReDS is related to uline{1cm}

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

HAL becomes first public sector enterprise to transact on TReDS. TReDS is related to _________

A	Insurance Companies
B	MSME
C	Public Sector Banks
D	Foreign Companies

Explanation:

Detailed explanation-1: -State-owned aerospace and defence manufacturer Hindustan Aeronautics (HAL) became the first public sector enterprise (PSU) to make transaction on RXIL TReDS platform.

Detailed explanation-2: -With this approval, C2FO becomes only the 4th platform to get the license. Currently, there are three operating TReDS platforms in India, namely Invoicemart, M1xchange and RXIL.

Detailed explanation-3: -TReDS is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers. These receivables can be due from corporates and other buyers, including Government Departments and Public Sector Undertakings (PSUs).

Detailed explanation-4: -Who can participate as a buyer in TReDS? Ans. Corporates, Government Departments, PSUs and any other entity can participate as buyers in TReDS.

Detailed explanation-5: -The Reserve Bank introduced TReDS in 2014 to facilitate financials of trade receivables of the MSMEs. The MSME sector has been hardpressed for funds, with many units facing an acute resource crunch and shutdown during Covid.

There is 1 question to complete.