A survey of agri-tech startups shows that they benefit from government’s funding support, research and development and state support in the form of digital infrastructure.
The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year).
As the Winter Session of the Parliament will convene on Monday, Union Finance Minister Nirmala Sitharaman will move several Bills, including The Banking Laws (Amendment) Bill which aims to amend the Reserve Bank of India Act, 1934, in addition with the Banking Regulation Act, the State Bank of India Act.
The Consumer Price Index (CPI) inflation for October is recorded at 6.21 per cent on year-on-year basis. Corresponding inflation rates for rural and urban are 6.68 per cent and 5.62 per cent, respectively, Ministry of Statistics and Programme Implementation (MoSPI) said on Tuesday.
India’s inflationary pressures are back in the spotlight, as food prices surge amid unpredictable weather patterns and shifting global dynamics.
In a communication to lenders, including rural development banks and cooperative banks, the RBI has asked them to put in place a 'mandatory leave' policy as part of the prudent risk management measure.
The directive comes with the objective of orderly, safe, and sound LIBOR transition and considering customer protection, reputational and litigation risks involved, banks or financial institutions.
Udyam Registration Portal is the official portal to register an MSME.
Overall, the penalties account for Rs 14.50 crore. Out of the total, Bank of Baroda was penalised with the highest amount - Rs 2 crore, and the State Bank of India the lowest amount - Rs 0.50 crore.
In case of a severe stress scenario, the GNPA may rise to 11.22 per cent, although SCBs have sufficient capital, both at the aggregate and individual level, even under stress.
