Clipped from: https://economictimes.indiatimes.com/wealth/save/how-to-lodge-complaint-against-any-bank-nbfc-or-payment-system-participant/articleshow/90908296.cms Synopsis The Reserve Bank of India has set up a complaint management system (CMS) through which you can lodge a complaint against any
Day: April 18, 2022
*senior citizen act: What are the rights of senior citizens to safeguard their property, other assets? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/what-are-the-rights-of-senior-citizens-to-safeguard-their-property-other-assets/articleshow/90875998.cms SynopsisParents often concede and transfer ownership of the property to their children to avoid inheritance disputes. However, once parents become dependent on their
*Hobson’s choice for RBI: While the rate cycle needs to turn, recovery shouldn’t be a casualty | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hobsons-choice-for-rbi/2494333/ While the rate cycle needs to turn, recovery shouldn’t be a casualty The central bank has already said its top priority now would
*Loan assets securitised by NBFCs jump 43 pc to Rs 1.25 lakh crore last fiscal: Report | The Financial Express
Clipped from: https://www.financialexpress.com/india-news/loan-assets-securitised-by-nbfcs-jump-43-pc-to-rs-1-25-lakh-crore-last-fiscal-report/2495264/ The amount of loans securitised by NBFCs (Non-Banking Financial Companies) and HFCs (Housing Finance Companies) in FY21 stood at Rs 87,300 crore, Icra
*Parl panel: Link Udyam portal with CIBIL, other databases; need UPI-like platform, credit card for MSMEs | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-parl-panel-link-udyam-portal-with-cibil-other-databases-need-upi-like-platform-credit-card-for-msmes/2494143/ Ease of Doing Business for MSMEs: The need for formalising the credit ecosystem for MSMEs has assumed significance as less than 40 per
*‘Why MSMEs are hesitant in embracing non-conventional energy sources like rooftop solar’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-green-why-msmes-are-hesitant-in-embracing-non-conventional-energy-sources-like-rooftop-solar/2494235/ Sustainability for MSMEs: The rooftop solar sector has remained largely untapped. Against the government’s target of installing 40 GW of RTS power projects
9,800 MSME loans sanctioned in FY22 under SIDBI’s 59-minute loan scheme; this many disbursed | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-9800-msme-loans-sanctioned-in-fy22-under-sidbis-59-minute-loan-scheme-this-many-disbursed/2494355/ Credit and Finance for MSMEs: The scheme’s portal psbloansin59minutes.com enables in-principle bank approval for collateral-free term loans or working capital loans for MSMEs
*Power sector’s ‘shocking’ trinity to create a scorching summer this year | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/power-sector-s-shocking-trinity-to-create-a-scorching-summer-this-year-122041700787_1.html A new crisis is emerging owing to shortages in domestic coal supplies and railway rakes, coupled with rising electricity demand On April 16,
*New tax regime: Big unexplained expenditure may lead to I-T review | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-tax-regime-big-unexplained-expenditure-may-lead-to-i-t-review-122041800009_1.html Assessees seek clarity from tax consultants on the new regime, fearing reopening notices Now, the department can go back to scrutinising the finances
*Govt plans regulator for skill gaming industry to curb money laundering | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/govt-plans-regulator-for-skill-gaming-industry-to-curb-money-laundering-122041800019_1.html The government is also reviewing the extant legal framework for the online skill gaming industry Different states have different approaches to regulating this
Extreme poverty in India fell sharply in 2011-19: World Bank paper | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/extreme-poverty-in-india-fell-sharply-in-2011-19-world-bank-paper-122041800012_1.html Rural decline steeper than in urban centres The World Bank paper, however, did not say that India has almost eliminated extreme poverty as
*Domestic airline industry may face a rejig – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-logistics/domestic-airline-industry-may-face-a-rejig/article65330363.ece Indian fleet Fare, capacity and talent wars are inevitable. A rebalancing that will reveal clear winners and losers is in the offing G_P_Sampath
*Scale up women co-op banks to bridge the gender gap – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/scale-up-women-co-op-banks-to-bridge-the-gender-gap/article65330393.ece This will help bridge the gender gap in financial inclusion Shri Mahila SEWA Sahakari Bank has been in existence for over four decades.
*Coping with fiscal effect of energy transition – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/coping-with-fiscal-effect-of-energy-transition/article65330384.ece Renewables: Fiscal pressures /iStockphoto urfinguss | Photo Credit: urfinguss Centre and States’ revenues from fossil fuels amount to 3.2 per cent of GDP.
*Standing deposit facility, a policy milestone – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/standing-deposit-facility-a-policy-milestone/article65330391.ece SDF can absorb surplus liquidity which is transient in nature. As a non-collaterised instrument, it can absorb large volumes The decision of the
*‘Investment cycle has started to turn’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/investment-cycle-has-started-to-turn/article65330396.ece But industrialist and author Naushad Forbes says for revival, consumption cycle has to start firing Why does India promise so much and deliver
Monsoon forecast cheers sugar industry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/monsoon-forecast-cheers-sugar-industry/article65330381.ece With Skymet and the India Meteorological Department (IMD) predicting a normal monsoon in 2022, the sugar industry is hopeful of another bumper harvest
Extreme poverty more than halves in India: World Bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/extreme-poverty-more-than-halves-in-india-world-bank/article65330343.ece Extreme poverty in India has declined by over 12 percentage points during 2011-2019, a World Bank working paper has said.This is the second
Investors can now trade in fractional shares – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/investors-can-now-trade-in-fractional-shares/article65330342.ece Company law panel also moots issueof restricted stock units and stock appreciation rights Investors’ dream of holding a fraction of highly-priced stocks such