SEBI has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system. It will allow customers to share information about their mutual fund and stock holdings with financial service providers. The account aggregator (AA) is ...

Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank’s comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among ...

Max Life Insurance Company Ltd has launched Max Life Smart Secure Easy Solution, a comprehensive three-in-one protection of life, critical illness & disability and accidental cover. It covers self-employed individuals, salaried and other professionals to comprehensively ...

The financial inclusion (FI) index of Reserve Bank of India’s (RBI) has increased to 56.4 in March 2022 from 53.9 in March 2021. It shows growth in across all sectors across the country. Financial inclusion index was constructed to capture the extent of financial inclusion ...

India has contributed USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). India is a dedicated donor to UNRWA and donated USD 20 million in support of core UNRWA services to Palestine refugees across the Middle East ...

The government has declared "zero coupon zero principal instruments" as securities. Zero coupon zero principal instrument:  An instrument issued by a Not for Profit Organisation, will be registered with the social stock exchange segment of a recognised stock exchange. These will ...

India’s merchandise trade deficit widened to a record $26.18 billion in June, wider than the government’s earlier estimate of $25.63 billion, after the Commerce Ministry revised upwards both the exports and imports figures for the month. The previous record monthly ...

The government has approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates as announced by the Ministry of Textiles for exports of apparel/garments and made-ups until March 31, 2024 in an effort to increase exports and create ...

Paper Import Monitoring System will come into effect from 1st October 2022, an importer need to provide advance information online about the import of papers and obtain a registration number. It is applicable on import by a Domestic Territory Area unit on a wide range of ...

NBFC-MFI Arohan Financial Services has launched a digital lending app named 'ApnaArohan' for its existing customers. This app will help its customers make repayments and other transactions through the digital mode. It reduces the physical interaction with the loan officers of the MFI. ...