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Green Deposits

Green Deposits: Green deposits in India face sluggish adoption due to pricing issues, low public engagement, and limited interest from private banks.These are interest-bearing deposits earmarked for funding green projects, such as solar energy, clean transportation, and sustainable water management.In June 2023, the Reserve Bank of India’s (RBI) introduced a framework for green deposits to […]

Indians in Forbes’ 2024 Power Women List

Indians in Forbes’ 2024 Power Women List: Forbes has unveiled its 21st annual list of the World’s 100 Most Powerful Women, a prestigious ranking that celebrates influential figures across business, entertainment, politics, philanthropy, and policymaking. This year, three Indian women have made their mark on the global stage with remarkable achievements in their respective fields. […]

RBI Enhances Collateral-Free Loan for Farmers

RBI Enhances Collateral-Free Loan for Farmers: The Reserve Bank of India (RBI) has increased the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh to support small and marginal farmers amidst rising input costs.Over 86% of farmers, primarily small and marginal landholders, are expected to benefit.Includes loans for allied agricultural activities, […]

Net Direct Tax Collection Sees Robust 16.45% Growth to Rs 15.82 Lakh Crore

Net Direct Tax Collection Sees Robust 16.45% Growth to Rs 15.82 Lakh Crore: The net direct tax collections for the fiscal year 2023-24 have surged by 16.45% to Rs 15.82 lakh crore by December 17, driven primarily by a strong 21% rise in advance tax payments. This growth reflects the government’s improved tax collection mechanism […]