Category: Economy
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ATMs in India
Hitachi Payment Services has unveiled India’s first ever’ United Payments Interface (UPI) –ATM which is set-up as a White Label ATM (WLA) in association with National Payments Corporation of India (NPCI).
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Multilateral Development Bank
As leaders gather for G-20 Summit in New Delhi, experts said securing consensus on multilateral development bank (MDB) reforms and adopting rigorous language regarding the phasing down of unabated fossil fuels could enhance India’s leadership role.
Rice and Wheat
India’s production of both rice and wheat hit all-time highs last year, according to Agricultural Ministry data.
Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completed its nine years of successful implementation recently.
Pradhan Mantri Ujjwala Yojana (PMUY)
25% of beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY) either did not take any cylinders during 2022-2023 or took just one refill.
Central Bank Digital Currency
RBI Governor notified that existing cross-border payments can be made efficient by the adoption of Central Bank Digital Currencies (CBDCs).
6th Minor Irrigation Census
Recently, latest edition of the Minor Irrigation Census (MIC) finds that electricity is the dominant source of power to extract water, over diesel, windmills, and solar pumps.
Financial Action Task Force
Financial Action Task Force (FATF) considers a set of binding rules to bring fugitive economic offenders across countries to justice.
Urban Cooperative Banks (UCBs)
RBI Governor highlighted the need for the UCBs to strengthen financial and operational resilience to contribute to the overall financial and banking sector stability.
Nano Liquid Urea
A recent opinion paper has questioned the scientific authenticity of Nano liquid urea produced by the country’s largest fertiliser manufacturer Indian Farmers and Fertiliser Cooperative (IFFCO).
Neo Banks
Reserve Bank of India is hesitant to grant NBFC licenses to neo-banks such as PhonePe, Razorpay, BharatPe, OkCredit, and NiYo.
Generalised System of Preferences (GSP)
Donald Trump has raised the issue of high tax by India on certain American products and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections.