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In News: The Reserve Bank of India (RBI) permitted the linking of Rupay credit cards to UPI accounts, thereby allowing the plastic to be used for smaller transactions as well.…
Microfinance Industry Network (MFIN) was established in 2009 as an Association for NBFC-MFIs. In 2014, MFIN was recognised by the Reserve Bank of India (RBI) as India’s first Self-Regulatory Organization…
Rabi sowing is off to a sluggish start. One reason is the delayed harvesting of kharif crops, especially paddy, in states such as Punjab, Haryana and Uttar Pradesh that has,…
Recently, with the rise in fintechs which operate digital lending apps, for the sharp rise in unsecured loans, they themselves are sitting on over Rs 93,240 crore of unsecured loans…
After India missed an opportunity that Vietnam took in 2002 by modernizing its cashew processing units to the international level, the government’s agri export promotion body APEDA was tasked two…
Wilful defaulter A “Wilful default” would be deemed to have occurred if any of the following events is noted:-
Sovereign gold bonds (SGBs) were introduced in the country in FY16 against the backdrop of a forex crisis, which was fuelled partly by high gold imports. The idea of SGB…
Criteria for grant of Navratna status to CPSEs The CPSEs which are Miniratna I, Schedule ‘A’ and have obtained ‘excellent’ or ‘very good’ MoU rating in three of the last…
IN NEWS: South Eastern Coalfields Ltd. Achieves 100 Million Tonnes of Coal Dispatch The largest coal mine, Gevra, dispatches more than 30 million tonnes. South Eastern Coalfields Ltd. (SECL):
Many Central banks worldwide have carried out interest rate hikes in the post-pandemic recent past to try and tackle rising inflation
KMA Team