Category: Economics Current Affairs

Unified Lending Interface: RBI Governor announced that the Unified Lending Interface (ULI), designed for seamless and quick credit access, particularly for MSMEs and farmers, is currently in the pilot stage.The platform integrates diverse data sources to reduce loan appraisal times and simplify processes. It is expected to be launched nationwide soon, with the potential to […]

MD & CEO Of Shriram Capital: Shriram Capital, the holding company of the Shriram Group, has appointed Subhasri as its new Managing Director and CEO, effective 1 September. Subhasri, who previously served as Joint Managing Director, has been a key figure in the company since joining as an Officer in the NBFC business in 1991.

Ten Years Of Pradhan Mantri Jan-Dhan Yojana: On August 28, 2024, the Pradhan Mantri Jan Dhan Yojana (PMJDY) accomplished a decade, marking a significant milestone in financial inclusion. Accounts increased from 72 crore in March 2015 to 53.13 crore by August 2024. Deposits in PMJDY accounts surged from ₹15,670 crore (March 2015) to over ₹2.31 […]

SBI Research Anticipates Q1 GDP Growth At 7.1%: India’s Gross Domestic Product (GDP) is projected to grow by 7.0 per cent to 7.1 per cent in the first quarter of the fiscal year 2024-25 (Q1FY25), according to the latest SBI Ecowrap report released on August 26.

Jana Small Finance Bank Sweeps 4 Awards At ICC Emerging Asia Banking Conclave: Jana Small Finance Bank has once again cemented its status as a frontrunner in the Indian banking industry. The bank’s commitment to excellence and innovation was recognized at the prestigious 2nd ICC Emerging Asia Banking Conclave & Awards, where it clinched four […]

Chairman of Texas Economic Development Corporation: Texas Governor Greg Abbott has appointed Arun Agarwal, a Dallas-based Indian-American entrepreneur, as the Chairman of the Texas Economic Development Corporation (TEDC) Board of Directors.

Certificates to 11 Lakh New ‘Lakhpati Didis’: Prime Minister Narendra Modi distributed certificates to 11 lakh new Lakhpati Didis in a function organised at Jalgaon in Maharashtra. The Prime Minister also felicitated Lakhpati Didis and discussed with them about their businesses.

Importing Pest-Free Blueberries: India has implemented strict measures for importing pest-free blueberries from Poland, reflecting the growing demand for the fruit among health-conscious consumers. The Indian government now requires blueberries to be sourced from Polish orchards registered with the National Plant Protection Organization (NPPO) and accompanied by phytosanitary certificates confirming they are free from specific […]

Maharashtra Adopts Unified Pension Scheme Ahead of Assembly Polls: Maharashtra has become the first state to adopt the Unified Pension Scheme (UPS) for its employees, just hours after the central government introduced the scheme. This decision is poised to benefit approximately 13.5 lakh state employees across various sectors

Unified Lending Interface: Positioned as a platform to transform the lending space, the Reserve Bank of India (RBI) is currently running a pilot of the Unified Lending Interface (ULI). Unified Lending Interface (ULI) is a technological platform that aims to provide a friction-less credit by cutting down the time taken for appraisal, especially for rural […]