Modi-govt focussed on innovation, tech development: Nirmala Sitharaman She inaugurated the fifth campus of BITS Pilani in Mumbai, spread over 63 acres and with an investment of Rs 1,500 crore

When to alter asset allocation [ad_1] We were going through our portfolio, as it happens before filing income tax and deciding what we shall do for next year. I proposed that we modify the asset allocation towards debt. After 33 long years. “Did it not change with asset class performance,” asked the husband. “Yes, it did, but we did not ...

Use of AI can prevent stressed assets: IMF ED Krishnamurthy Subramanian Subramanian said India should follow the global practice where the bourses and the regulator need to be informed when there is a violation of a technical covenant

RBI allows banks, non-banks to issue PPIs for public transport systems The regulator amended guidelines for prepaid payment instruments for mass transit systems (PPI-MTS). It said such PPIs can be issued without Know Your Customer (KYC) verification of the holders

RBI receives bids worth Rs 2.08 trillion at the 13-day VRR auction Despite the slew of VRR auctions being conducted by the RBI since February 8, the persistent liquidity deficit in the banking system has been largely around Rs 2 trillion during the period

RBI allows prepaid wallets, cards without KYC, to pay for rail, metro, bus, toll, parking; how it works [ad_1] The Reserve Bank of India (RBI) announced that it will now allow licenced bank and non-bank Prepaid Payment Instrument (PPI) issuers to issue PPIs for payments across different public transport networks without KYC. Metro, bus, train, waterways, tolls, and parking services ...

Govt permits GSTN to share data with RBI's frictionless credit platform The government has permitted GST Network to share data about GST-registered businesses, based on their consent, with the Reserve Bank’s ‘Public Tech Platform for Frictionless Credit’. The move will help entities get loans faster on the basis of shared Goods and Services Tax (GST)-related information. The platform, created by ...

ADB approves $23 mn loan to boost fintech education, research in Gujarat The Asian Development Bank (ADB) on Thursday said it has approved a USD 23 million loan to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India. GIFT is a state-owned enterprise established to promote and cultivate fintech ecosystems and ...

As online frauds rise, all you need to know about Pig Butchering Scam The term “pig butchering” refers to the process of fattening the victim emotionally before ultimately deceiving them financially

RBI to conduct 13-day VRR auction to infuse Rs 1 trillion on Friday Despite the slew of VRR auctions being conducted by the RBI since February 8, the persistent liquidity deficit in the banking system has been largely around Rs 2 trillion in the period