Credit Current Affairs, GK & News
PM SVANidhi App Launched to Provide Credit to Street-Vendors
The Secretary, Union Ministry of Housing and Urban Affairs, Durga Shankar Mishra, has launched the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) mobile application in New Delhi. Under the scheme, the street vendors are going to be provided with credit facility and this will act as a sourcing platform for the lending institutions and their ..
Month: Current Affairs - July, 2020
Category: Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: Credit • Lending Institutions • NBFC • PM SVANidhi • Street Vendors
Nirvik: New Export Credit Insurance Scheme
The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process. What is Export Credit Insurance? Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by ..
Category: Government Schemes Current Affairs
Topics: Credit • Economy • Export credit agencies • Export Credit Guarantee Corporation of India • Finance • Foreign trade of India • International finance • International Trade • Ministry of Commerce and Industry • Money • Repurchase agreement • Trade credit insurance
Improving credit flow to potential borrowers
In the modern-day of increasing globalization, global economic trends are also being picked up in India. While at one time, Indians were hesitant to borrow money for heads apart from the house, car or education which were comparatively long term and had tangible outcomes, modern living and rising standards of living mean that Indians are ..
Topics: Consumers • Credit • Ease of doing business index • Jan Dhan Accounts • Kisan Credit Card
National Rural Bank
The Central Government is mulling to set up a National Rural Bank to ease the agricultural woes in India. What is a National Rural bank? The National Rural is an envisaged attempt of the policymakers to create a large bank to look specifically after the agriculture sector. This may or may not be created by ..
Did India Over-Estimate its Growth Rate?
In a research paper India s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications former chief economic advisor Arvind Subramanian has claimed that India s economy grew at a much slower pace between 2011-12 and 2016-17 (at about 4.5%) than the official estimate of 7 per cent. Observations made in the Research Paper India s GDP ..
Category: Economy & Banking Current Affairs - 2022
Topics: Credit • Economy • electricity consumption • exports • foreign tourist arrivals • GDP • IMF • imports • Interest Rates • International Monetary Fund • manufacturing • vehicle sales • World Bank
Sunil Mehta recommends changes in existing Inter-Creditor Agreement (ICA)
The Sashakt Committee, headed by PNB non-executive chairman Sunil Mehta, has recommended changes in existing Inter-Creditor Agreement (ICA) to incorporate revised voting threshold and other changes for decision making stipulated by the Reserve Bank of India (RBI). It will enable expeditious implementation of the new framework on stressed assets. Under the RBI’s new framework, it ..
Topics: Credit • Debt • Economy • Finance • Financial law • Loans • Money • Non-bank financial institution • Second lien loan