Social economy Current Affairs, GK & News

Cabinet approves Micro Financial Sector (Development and Regulation) Bill, 2011

The Union Cabinet cleared the Micro Financial Sector (Development and Regulation) Bill, 2011, which will bring the microfinance industry under the regulatory ambit of RBI. As per the Bill all microfinance institution (MFIs) will now have to be registered with the RBI, which will decide the interest rate that MFIs can charge. Also it would ..

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Current Affairs : June 3, 2010

Awards:Indira Gandhi Paryavaran Puraskar 2008 – Isha FoundationIsha Foundation is an NGO, founded by Sadhguru J Vasudev, whose “Project Green Hands” is a movement to raise the green cover of Tamil Nadu by 10 per cent. In the last 5 years, over 300,000 Isha volunteers across Tamil Nadu and Puducherry have raised 8.2 million trees ..

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S. C. Gupta Panel for Control on Money Lenders in India

RBI announced in the ‘Annual Policy Statement for the year 2006-2007’ the setting up of a Technical Group to review legislations on money lending for : reviewing the efficacy of the existing legislative framework, which governs money lending, reviewing the enforcement machinery in different states making recommendations to State Governments for improving the legal and ..

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