The Reserve Bank of India (RBI) has released a ‘Draft Omnibus Framework for Recognising Self-Regulatory Organisations (SROs) for its Regulated Entities (REs).’ The draft framework aims to establish...
The Jute Corporation of India took a significant step toward supporting jute farmers by launching the ‘Paat-Mitro’ app. Rachna Shah, Secretary, Ministry of Textiles, inaugurated the app, which...
The Reserve Bank of India (RBI) has introduced a Card-on-File (CoF) tokenisation facility through banks, enabling cardholders to conveniently create and link tokens to their existing accounts with...
The Department of Expenditure, under the Ministry of Finance, has granted 22 states the approval for extra borrowing of Rs 60,876.80 crore for their contribution to the National...
The Lok Sabha recently approved two vital indirect tax-related bills, addressing various aspects of the tax framework. The Central Goods and Services Tax (Second Amendment) Bill, 2023, and...
According to the latest report from the World Bank, India is set to become the largest recipient of remittances, with inflows expected to increase by 12.4% to $125...
Developing countries faced an unprecedented financial challenge in 2022, as they spent a staggering $443.5 billion to service their external public and publicly guaranteed debt. The World Bank’s...
The year 2022 witnessed a distressing surge in farmer suicides across India, according to the latest data from the National Crime Records Bureau (NCRB), released on December 4,...
In a recent paper titled ‘Cash versus Digital Payment Transactions in India: Decoding the Currency Demand Paradox,’ the Reserve Bank highlighted the importance of cybersecurity, customer protection, and...
Continuous warm temperatures in Assam have been identified as a key factor behind a severe pest infestation that has wreaked havoc on approximately 28,000 hectares of paddy crops...
