The Statement on Developmental and Regulatory Policies released by RBI today proposed to facilitate a cash deposit facility through the use of UPI. “Cash Deposit Machines (CDMs) deployed by banks enhance customer convenience while reducing the cash-handling load on bank branches. The facility of cash deposit is presently available only through the use of debit…
The Monetary Policy Committee (MPC) met on the 3rd, 4th, and 5th of April 2024 and decided to keep the policy repo rate at 6.50 percent, other key policy rates also remained unchanged for the 6th straight time. RBI also left the policy stance unchanged with a focus on the withdrawal of accommodation. Withdrawal of…
Fair Globalization refers to equal and fair opportunities for all the economies across the world. The final report of the ILO’s World Commission on the Social Dimension of Globalization recommends that the potential of globalisation can be better harnessed to address the needs, concerns, and aspirations of a large number of people in the world.…
RBI today reiterated that the regulatory framework for ETCDs has remained consistent over the years and that there is no change in the RBI’s policy approach. The announcement was made as some concerns have been expressed about participation in the exchange traded currency derivatives (ETCD) market in the light of the Reserve Bank of India’s…
Globalisation refers to the increasing interconnectedness and interdependence of countries and their economies marked by free trade, and the free flow of capital among countries. Globalization provides easy access to foreign resources, including labour markets, to maximize returns and benefit the common good. The capital moved between two or more places, commodities were traded across…
In terms of clause 13 of the 9th Joint Note between IBA & Officer’s Association and clause 36 of the 12th Bipartite Settlement between IBA and Workmen Union, states regarding the payment of Ex-gratia for pensioners/family pensioners, who became eligible to draw a pension on or before 31.10.2022 including those who retired on 31.10.2022. Ex…
The term Globalization is used to refer to ideas, knowledge, information, goods, and services moving from one part of the world to another. In an economic context globalisation is a term used to describe integrated economies marked by free trade, the free flow of capital among countries, and easy access to foreign resources, including labor…
The social sector is generally defined as a sector dealing with social and economic activities carried out by the Government and Non-Government organizations to help society on a non-profit or not-for-profit basis. The social sector is important in India and includes several important components such as education, health and medical care, drinking water and sanitation,…
India’s journey towards becoming a developed nation by 2047 pivots significantly on improving its infrastructure, a foundation for development, and liveable, climate-resilient, and inclusive cities that drive economic growth. The infrastructure development of a country is assessed on economic infrastructure development that is the development of various sectors like Energy, Power, Telecom, and Transport (Railways,…
(MSME samadhaan, Atmanirbhar Bharat package, Make in India, Start-up India, Stand-up India, Zed certificate, Udyam Assist platform, RAMPS, Mudra Loan, PMEGP, TReDS, ECLGS, etc.) Micro, small, and medium enterprises (MSMEs) are often known as the backbone of the Indian economy which contributes 29% to the GDP of India. The sector is responsible for around 50%…