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UPI To Be Extended to Feature Phones

Unified Payments Interface (UPI): The UPI facility will soon be extended to feature phone users. At the moment, the unified payments interface (UPI) — the single largest retail payments system in the country in terms of volume of transactions for small-value payments — is available only for smartphones. RBI is doing this to further deepen […]

Status Quo in Key Policy Rates: MPC

Monetary Policy: The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative. While announcing the Bi-monthly Policy, RBI Governor Shaktikant Das said, Marginal Standing Facility (MSF) rate and bank rate will […]

Kasturirangan Committee Report

Kasturirangan Committee Report: Karnataka Chief Minister Basavaraj Bommai informed the Centre that the state is opposed to the Kasturirangan Committee report on Western Ghats. He said that declaring Western Ghats as ecologically sensitive zone would adversely affect the livelihood of people in the region. However, the experts called the state’s opposition disastrous for the ecologically […]

Ship Acquisition, Financing And Leasing (SAFAL)

Ship Acquisition, Financing And Leasing (SAFAL): The report titled Ship Acquisition, Financing and Leasing (SAFAL) was submitted by the Committee for Development of Avenues for Ship Acquisition, Financing and Leasing to the International Financial Services Centres Authority (IFSCA). The Committee was constituted by IFSCA in June 2021 with representatives from the Government of India, Gujarat […]

Omicron Cryptocurrency Price Surge

Cryptocurrency: A relatively lesser known cryptocurrency token named after the Greek letter Omicron saw its price surge more than 10 times in a matter of two days outperforming top digital currencies like Bitcoin and Ethereum, soon after the World Health Organization (WHO) named the latest Covid-19 variant of concern Omicron. From Friday to Monday morning, […]

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