The government has introduced a major change in the Atal Pension Yojana (APY). which was started with the aim of providing pension facilities to those working in the unorganised sector in 2015. And as a result, the Ministry of Finance has now decided not to allow income taxpayers to apply for the APY scheme. According […]
RBI has issued the regulatory framework to make digital lending safe for customers. The RBI has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party. Any fees, charges, payable to Lending Service Providers in the credit intermediation process shall be paid directly by Regulated Entities and not by the borrower. Automatic increase in credit limit
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President, Droupadi Murmu has approved the appointment of Justice Uday Umesh Lalit as the 49th Chief Justice of India for three months. He will replace CJI Justice N V Ramana, who will retire on 26th August 2022. He was appointed as Judge of the Supreme Court (SC) in August 2014. He will be the second CJI to be directly
Justice Uday Umesh Lalit appointed as 49th Chief Justice of India Read More »
PNB Housing Finance has revamped its ‘Unnati’ loan portfolio to offer affordable housing loans of ₹9-12 lakh to target customers. PNB Housing has created a small vertical under Unnati which will be different from existing ₹18-19 lakh as affordable housing loans. In the June quarter, PNB HFC has already opened 10 more branches. PNB HFC: HQ: New Delhi MD &
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The Indian Space Research Organisation (ISRO) has launched a 3D virtual space tech park called SPARK. Celebrating ‘Azadi Ka Amrit Mahotsav’ marking the 75th year of Independence, ISRO inaugurated the virtual park containing information regarding its various missions. The digital platform known as the ‘SPARK’ space museum was launched by the Chairman of ISRO, S Somnath. Key points
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Axis Bank becomes the first Indian bank to launch Axis Receivables Suite (ARS), an innovative Cash Management proposition. Aim: Simplifies Receivables reconciliation, accelerates cash flow, enhances the client experience and reduces the cost of doing business. ARS is an end-to-end proposition to automate the reconciliation of receivables against sales invoices raised by clients. Benefit for Clients: Know about payments, real-time control over
According to State Bank of India’s economic research report “Ecowrap”, India’s home loan market is currently valued at about ₹24 lakh crore and it is expected to double (₹48 lakh crore) in the next 5 years. The share of ‘Housing Loans’ in ‘Bank Credit’ has increased to 14.4% in June 2022 from 13.1% in March 2020. The total home loan portfolio
India’s home loan market expected to double in 5 years: SBI report Read More »
The Union Cabinet has approved the signing of an audio-visual (AV) co-production treaty between India and Australia to promote co-production of films. Under this umbrella agreements, private, quasi-government or governmental agencies enter contracts to produce films together. So far, India has has signed 15 audio visual co-production treaties with foreign countries. Australia has emerged as a preferred destination for shooting
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National captain Sunil Chhetri has been named the AIFF Men’s Footballer of the Year for the seventh time, while Manisha Kalyan named the AIFF women’s footballer for the 2021-22 season. Chhetri and Kalyan were nominated as the winners by their respective national team coaches Igor Stimac and Thomas Dennerby. He is the third highest goal scorer among active international players. Emerging Footballer of
Manisha Kalyan, Sunil Chhetri named AIFF Footballers of the Year 2021-22 Read More »
IDFC FIRST Bank and LetsVenture have partnered to support the startup ecosystem by providing curated products and solutions to startups (founders and investors). IDFC FIRST Bank provides customised solutions to start-ups under its FIRST WINGS programme. With this, it makes IDFC FIRST Bank a preferred banker to all startups on LetsVenture’s Scalix. LetsVenture’s Scalix is a newly launched platform that
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