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What is National Monetization Pipeline 2021? - All You Need to Know

Aug 23, 2021
Finance Minister Nirmala Sitharaman said that National Monetization Pipeline talks about brownfield assets where investment is already being made, where there are assets either languishing or not fully monetized or under-utilized.

Facebook launches ‘Small Business Loans Initiative’ in 200 cities in India

Aug 21, 2021
Through Facebook India's Small Business Loans Initiative, small businesses in India that advertise with Facebook will be able to get loans at a predefined interest rate of 17-20% per annum.

Ubharte Sitaare fund: FM Nirmala Sitharaman to launch Alternate Investment Fund for export-oriented companies

Aug 20, 2021
The Alternate Investment Fund has been named "Ubharte Sitaare", will be jointly sponsored by the Exim Bank of India and SIDBI. 

DMart owner Radhakishan Damani enters World’s 100 Richest People List, Know his net worth, businesses here

Aug 19, 2021
The total net worth of Radhakishan Damani, the promoter and the owner of Avenue Supermarts, the company that runs DMart retail, is $19.3 billion or Rs. 1.43 lakh crores.

UK to start trade talks with India by the end of 2021

Aug 18, 2021
A trade accord with India can be seen as a keen target for post-Brexit Britain. The country has been particularly pursuing ties with nations in the Indo-Pacific region which is home to some of the fastest-growing economies.

RBI partially lifts digital ban on HDFC Bank

Aug 18, 2021
The Reserve Bank of India has allowed HDFC bank to start issuing new credit cards again. 

RBI’s first financial inclusion index reads at 53.9

Aug 17, 2021
RBI's annual Financial Inclusion Index's first reading for the period ending March 2021 has come in at 53.9 as against 43.4 for the period ending March 2017.

India's economy picking up pace again: Prime Minister Modi at CII Annual Meeting 2021

Aug 11, 2021
The theme of the Confederation of Indian Industry Annual Meeting will be India@75: Government and Business working together for Atmanirbhar Bharat.

Rajya Sabha returns Taxation Laws (Amendment) Bill after discussion

Aug 10, 2021
Union Finance Minister Nirmala Sitharaman said that the bill was brought in the wake of Supreme Court’s judgments. She said that the Sovereign rights of India to tax will remain intact and there will be no dilution in it with this legislation. 

PM Modi announces National Edible Oil Mission-Oil Palm 

Aug 9, 2021
Prime Minister Narendra Modi announced National Edible Oil Mission-Oil Palm to make India self-reliant in edible oil and reduce imports. 

RBI's Bi-monthly Monetary Policy Review: RBI retains real GDP growth at 9.5% for FY 21-22, repo rate unchanged at 4%

Aug 6, 2021
The CPI inflation is projected at 5.7 % during 2021-22, which comprises 5.9% in Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. 

RBI issues guidelines to implement its circular on opening of current accounts

Aug 5, 2021
Banks are not allowed to open current accounts for borrowers who have availed agricultural/ personal overdraft (OD) or OD against deposits. 

Parliament passes Insolvency and Bankruptcy Code (Amendment) Bill, 2021- Check key features

Aug 4, 2021
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021, will introduce an alternate insolvency resolution process for micro, small and medium enterprises (MSMEs).  It amends the Insolvency and Bankruptcy Code, 2016.

RBI's new rules on interchange fee, bulk payment system come into effect: How will it affect us?

Aug 2, 2021
National Automated Clearing House (NACH) has now been made available on all days of the week, starting from August 1, 2021.

How did India’s forex reserves cross $600 billion mark? Know its impact here

Aug 1, 2021
India’s forex reserves reached a lifetime high of $621.464 billion in the week ended August 6, 2021. India’s forex reserves had crossed the $600 billion mark for the first time in June 2021. Read how did it happen and know its impact.

NABARD sanctions Rs. 446 crores for drinking water projects in districts of Punjab

Jul 30, 2021
The National Bank for Agriculture and Rural Development has sanctioned Rs. 445.89 crores for the drinking water projects in Fazilka, Ferozepur, Rupnagar, and Hoshiarpur districts of Punjab.

Parliament passes Factoring Regulation Amendment Bill- All you need to know!

Jul 30, 2021
The Factoring Regulation (Amendment) Bill, 2021 seeks to amend the Factoring Regulation Act, 2011 to widen the scope of factors that can engage in factoring business, where an entity acquires receivables of another entity for an amount.

IMF cuts India’s GDP growth forecast to 9.5% for FY22 as second wave hits recovery

Jul 28, 2021
The forecast by IMF for the fiscal year 2021-22 is lower than the 12.5% economic growth that the agency had projected in April 2021, before the deadly second wave took a grip.

UK court declares Vijay Mallya bankrupt: What does this mean for Indian banks?

Jul 27, 2021
The Companies and Insolvency Court of the UK declared Vijay Mallya bankrupt allowing the consortium of Indian banks to pursue his assets worldwide.

Central Bank Digital Currency likely to be launched in near future: RBI Deputy Governor

Jul 23, 2021
Deputy RBI Governor T Rabi Shankar stated that conducting pilots of the digital currency in wholesale and retail segments may be a possibility in near future. 
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