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It shouldn’t be surprising to know that currently, the world’s most powerful country, the USA, is also facing an economic crisis. Education, healthcare, loans, etc, everything has become expensive in the past few years. And it is not taking any…
One of the key pending reforms in India is Privatization of Public sector banks (PSBs). However, the authors of an essay in the most recent RBI bulletin cautioned against big-bang privatization of PSBs, urging the government of India to follow…
The government clarified on August 12, 2022, via the official Twitter account of the Press Information Bureau Fact Check (@PIBFactCheck), in response to claims that the country’s house rentals may rise as a result of the new changes to the…
According to a source with firsthand knowledge of the opinions of the largest shareholder of the Asia-focused bank, Chinese insurer Ping An Insurance Group believes that HSBC has exaggerated the challenges and difficulties of spinning off the bank. Ping An,…
The Bharat Bill Payment System (BBPS) would handle international ‘inbound’ bill payments, according to Reserve Bank of India Governor Shaktikanta Das. Seniors citizens reliant on children or have relatives living abroad should gain from this decision. Earlier this service was…
Russia’s economy suffered a four-year setback in the first full quarter following President Vladimir Putin’s invasion of Ukraine, setting it up for one of the longest downturns in history, albeit less severely than initially anticipated. According to the Russian statistics…
In an effort to stop some players from engaging in illicit activity, the Reserve Bank of India (RBI) released the first set of guidelines for digital lending on Wednesday. The central bank has strengthened a regulatory framework to facilitate the…
On Friday, the Reserve Bank of India (RBI) announced some additional guidelines to regulated entities (RE) that outsource financial services. The new rules address Recovery Agent (RAs)-related difficulties for the central bank. RBI has from time to time advised that…
Finance Minister, Sitharaman, in the 47th GST Council Meeting claimed there were no disagreements from any side. All the states agreed to the proposals. There have been multiple GST council’s meeting from the day it was implemented, in continuation of…
On Thursday, Union Home & Cooperation Minister Amit Shah urged businesses to support startups fully due to their connections to the sector. Since 2014, when there was only one unicorn in the nation, startups had advanced significantly. At the third…