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Tag: 24th Oct 2024

Maldives President Introduces UPI Payment Service to Boost Economy

Kumari Sonali

Maldives President Introduces UPI Payment Service to Boost Economy: Maldives President Mohamed Muizzu has announced the introduction of India’s Unified Payments Interface (UPI) to enhance the country’s economy by improving financial inclusion and transaction efficiency. This initiative is part of a broader strategy to strengthen ties with India following Muizzu’s previous stance against Indian military […]

Freo Secures IRDAI License to Expand Insurance Offerings

Kumari Sonali

Freo Secures IRDAI License to Expand Insurance Offerings: Freo, the digital finance application, has received a corporate agent license from the Insurance Regulatory and Development Authority of India (IRDAI), allowing it to offer a range of customized insurance products to its 25 million users. This initiative comes amid India’s low insurance penetration rate of approximately […]

Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms

Kumari Sonali

Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms: The Reserve Bank of India (RBI) has expanded its ‘Alert List’ of unauthorized forex trading platforms by adding 13 new entities, bringing the total to 88. This list includes names of entities not authorized to deal […]

India’s Economic Growth Projected at 7-7.2% for FY25

Kumari Sonali

India’s Economic Growth Projected at 7-7.2% for FY25: India’s latest Economic Outlook projects that India’s economy will grow between 7.0% and 7.2% in the fiscal year 2024-25, despite a recent slowdown where GDP expanded by only 6.7% year-on-year in Q1 of FY25. This growth is driven by favorable domestic conditions, including strong manufacturing activity, stable […]