Financial services

Second Round of Quarterly Employment Survey

The Union Ministry of Labour and Employment recently released the second round of Quarterly Employment Survey. According to the survey, nine sectors hired two lakh people. This accounted to 85% of the total employment of the country. The survey was ..

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OPPO launches mutual fund platform ‘KASH’

China-based consumer electronics firm and smartphone manufacturer OPPO recently announced its mutual fund platform named ‘KASH’. The ‘OPPO Kash’ service, which will be pre-installed in all OPPO smartphones, will offer users to invest in mutual funds. The platform will also provide ..

Parliament passes International Financial Services Centre Authority bill, 2019

On December 13. 2019, the International Financial Services Centre Authority bill was passed by Rajya Sabha. It proposes to set up an authority to regulate financial services in the International Financial Services Centres in India. Composition of the authority According ..

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Restructuring and loan drive for MSMEs

The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach program was launched by the central government in December and is to ..

RBI calls for fresh applicants to grant depositor awareness funds

The Reserve Bank of India (RBI) has decided to call for fresh applications ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund (DEAF). The RBI has unveiled guidelines on the criteria for registering institutions, organisations ..

Migrants can change address by giving self-declaration

The government has allowed migrants to change address on Aadhaar by giving self declaration. It will help them open bank account and promote financial inclusion. The changes were made by amending the Prevention of Money-laundering (Maintenance of Records) Rules as ..