Reserve Bank of India (RBI) has published 26th edition of Financial Stability Report on December 29. RBI publishes this report biannually. It reflects the collective assessment of the Sub-Committee of Financial Stability and Development Council on risk to financial stability and the resilence of the finaicial system. What are the key highlight of 26th Financial […]
2022 in Nine Charts : A look at the numbers by World Bank World Bank has recently published a review of global economy for year 2022 which has been a year of uncertainty in article “2022 in Nine Charts”. It indicates that the world is facing steepest economic slowdown since 1970. There largest economies of […]
Surety Bond Insurance launched for Infrastructure Projects Union Minister for Road, Transport and Highway, Nitin Gadkari launched India’s first ever surety bond insurance product which will reduce the dependence of infra developer on bank guarantee and help in realising $5 trillion economy target by 2025. What is Surety Bond Insurance Surety Bond Insurance is a […]
Union Govt notifies six insurance regulations of IRDAI The insurance sector in India is a rapidly growing industry, with many domestic and internationals companies offering a wide range of insurance products. With the aim to further boost the insurance penetration in India from 4.2% to world average 6.3%, Government of India notifies new rules.
EU Adopts 15% Global Minimum Tax on Big Business European Union has recently approves 15% Global Minimum Tax under Inclusive Framework on Base Erosion and Profit Sharing (BEPS) of Organisation for Economic Cooperation and Development (OECD) and G20. Under this, two pillar solution framework has been adopted to address tax challenges arising from the digitalisation […]
Razorpay becomes India’s first Payment gateway to support credit cards on the Unified Payment Interface (UPI). Razorpay in its partnership with Axis Bank has recently announced its readiness to support Credit Card on UPI platform. Earlier, Reserve Bank of India has announced the linking the RuPay Credit Cards to BHIM (Bharat Interface for Money) UPI […]
World Bank Forecast India 2022-23 growth 6.9% recently in its India Development Report titled “Navigating the Storm“, upgraded its growth forecast for India’s economy i considering the strong outturn in India in second quarter (July-September) of 2022-23 financial year. World Bank Navigating the Storm Report India’s economy has been remarkably resilient to the deteriorating external […]