[Economy Q] Difference between NBFC MFI CEPA CECA Current and Capital account

[Economy Q] Difference between NBFC MFI CEPA CECA Current and Capital account

Question from Ashish

1. What is the difference between NBFC and MFI(micro financial institution)?
2. What is difference between CEPA(Comprehensive Economic Partnership Agreement) and CECA(Comprehensive Economic Cooperation Agreement)?
3. What is current and capital account?

 

Current Account & Capital Account

Balance of Payment (BoP) = Export minus Import.
BoP is counted in two sections: Current account and Capital account

see this chart, it shows the difference between them

 

NBFC and MFI(micro financial institution) 

Although many of their functions overlap. But difference is in motive, scale of operations and consumer base.
Micro-finance =Their aim is to give small loans like 10-20000 rupees to poor people and self-help groups.
NBFC= big loans like 50,000 and upwards, target customers = middle class people, businessmen etc.

CEPA(Comprehensive Economic Partnership Agreement) and CECA(Comprehensive Economic Cooperation Agreement)

Well I don't know the exact answer but,

The CECA, is much more than a Free Trade Agreement (FTA). It includes more stuff like a bilateral investment promotion treaty, a double taxation avoidance agreement  in addition to an FTA. 

CEPA= free trade. No duties on each other's traded-items.