RBI Lifts Lending Restrictions on Asirvad Micro Finance and DMI Finance: The Reserve Bank of India (RBI) has lifted the restrictions imposed on Asirvad Micro Finance Limited and DMI Finance Private Limited, allowing them to resume loan sanctioning and disbursal operations immediately.
Month: January 2025
Indian microfinance sector has grown by over 2,100% in the past 12 years
Indian microfinance sector has grown by over 2,100% in the past 12 years: Over the past 12 years, India’s microfinance sector has experienced an extraordinary expansion, with its business increasing from ₹17,264 crore in March 2012 to ₹3.93 lakh crore by November 2024—a growth of over 2,100%. This significant rise underscores the sector’s pivotal role […]
Growth forecast of 6.3% for FY25
Growth forecast of 6.3% for FY25: The State Bank of India (SBI) has revised its GDP growth forecast for the financial year 2024-25 (FY25) to 6.3%, slightly below the National Statistical Office’s (NSO) projection of 6.4%. This adjustment reflects concerns over a slowdown in lending and manufacturing, coupled with a high base effect from the […]
Goa’s ‘Bima Sakhi Yojana’
Goa’s ‘Bima Sakhi Yojana’: Goa Chief Minister Dr. Pramod Sawant launched the ‘Bima Sakhi Yojana’ under the state’s Swayampurna Goa 2.0 initiative. This program aims to empower women by providing them with training and opportunities to become Life Insurance Corporation (LIC) agents, thereby promoting financial literacy and expanding life insurance coverage at the grassroots level.
Daily Current Affairs for UPSC IAS: 9th January 2025
Today’s Current Affairs: 9th January 2025 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Sonobuoys : For Undersea Domain Awareness
Sonobuoys : For Undersea Domain Awareness India and the U.S. recently announced cooperation on the co-production of U.S. sonobuoys for Undersea Domain Awareness (UDA) for the Indian Navy, a high-end technology that allows tracking submarines in the deep seas and oceans. Sonobuoys are expendable, electro-mechanical acoustic sensors that relay underwater sounds emitted from ships and […]
UJALA Scheme : Completed a Decade
UJALA Scheme : Completed a Decade The Unnat Jyoti by Affordable LEDs for All (UJALA) scheme, launched in 2015, has completed a decade with the distribution of 36.87 crore LED bulbs, resulting in ₹19,153 crore in annual electricity savings, according to official data released by the Ministry of Power. In 2015, the Indian government introduced […]
Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023
Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023: The Ministry of Home Affairs (MHA) has issued directives to all states and Union Territories (UTs) for implementing Section 479 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023. Section 479 of BNSS, 2023 Provides relief to undertrial prisoners by mandating their release on bail or bond under certain conditions. […]
Umred-Pauni-Karhandla Wildlife Sanctuary : In News
Umred-Pauni-Karhandla Wildlife Sanctuary : In News The Bombay High Court has taken a dim view of an incident where safari vehicles carrying tourists obstructed the movement of a tigress and her cubs in Maharashtra’s Umred-Pauni-Karhandla Sanctuary on New Year’s Eve. Umred-Pauni-Karhandla Wildlife Sanctuary is spread over Pauni tehsil in Bhandara district and Umred, Kuhi, and […]
Tipeshwar Wildlife Sanctuary : Tiger Born
Tipeshwar Wildlife Sanctuary : Tiger Born A male tiger, born in the Tipeshwar Wildlife Sanctuary in Yavatmal, has travelled an unusual 500 kilometres, reaching Solapur district of Maharashtra. Tipeshwar Wildlife Sanctuary is located in the district of Yavatmal,Maharashtra. There are plenty of rivers such as Purna, Krishna, Bhima and Tapti irrigate the sanctuary from entire […]
