RBI Increases Retail Loan Scrutiny, Eyes Top-Up Home Loans
India’s central bank, the Reserve Bank of India (RBI), is signaling a shift in its stance on retail lending. According to a report by a leading credit rating agency, retail loan disbursements in India surged by a whopping 18% year-on-year in the first half of 2023, reaching a staggering ₹ 15 lakh crore. This rapid […]
Max India Antara, IIT Delhi Collaborate for Senior Citizen Care
India’s demographic is rapidly shifting, with the elderly population projected to reach a staggering 300 million by 2050. This necessitates innovative solutions to address the challenges faced by senior citizens, particularly concerning assisted living and healthcare. Recognizing this critical need, Max India’s subsidiary, Antara Assisted Living, has joined forces with the prestigious Indian Institute of […]
EV Policy Extended: Delhi Cabinet Approves Till June
The fight for cleaner air in Delhi gets a shot in the arm with the Delhi Cabinet’s approval to extend the Electric Vehicle (EV) Policy until June 30, 2024. This decision comes as a welcome relief for potential EV buyers, as it ensures the continuation of existing incentives and subsidies that make electric vehicles a […]
T+0 Settlement Beta: SEBI Begins Trading with 25 Scrips
The Indian stock market is set for a potential shakeup with the introduction of T+0 settlement beta. Announced by the Securities and Exchange Board of India (SEBI) in March 2024, this program marks a significant shift from the existing T+1 settlement cycle, where trades settle one business day after execution. T+0 Explained: Same-Day Settlement Under […]
Govt’s E-Vehicle Policy: Minimum $500M Investment Decided
India’s electric vehicle (EV) dream charges forward with the government’s recently unveiled policy. This strategic initiative aims to propel the nation into the fast lane of global EV manufacturing by attracting established industry giants. A Selective Invitation: High Investment Bar A central pillar of the policy is the significant minimum investment requirement of $500 million […]
PM-Surya Ghar Muft Bijli Yojana: 1 Cr+ Households Sign Up
India’s flagship rooftop solar program, PM-Surya Ghar Muft Bijli Yojana, has sparked a remarkable response in its initial launch phase. By March 2024, a staggering number – over 1 crore households – have registered for the scheme, surpassing expectations and reflecting the growing public appetite for renewable energy solutions. High Registration Numbers: A Sign of […]
IIT Roorkee, Ministry of Heavy Industries Partner in Auto, EV Sector
India’s electric vehicle (EV) sector is poised for a significant leap forward, fueled by a collaborative effort backed by a substantial financial investment. The Ministry of Heavy Industries (MHI) and IIT Roorkee have joined forces, signing a Memorandum of Understanding (MoU) to establish a Centre of Excellence (CoE) and an Industry Accelerator at the esteemed […]
Shivalik Bank, Arya.ag Partner for Commodity Financing
In a significant development for the Indian agricultural sector, Shivalik Small Finance Bank and Arya.ag, a leading integrated grain commerce platform, have joined forces. This strategic partnership aims to empower a critical segment of the economy – farmers, agro-processors, and micro-enterprises – by facilitating over ₹200 crore in warehouse receipt financing during the current financial […]
RBI Drafts Rules for Climate Risk Disclosure by Financials
The Reserve Bank of India (RBI) has taken a commendable step towards environmental sustainability in the financial sector by proposing mandatory climate risk disclosure for regulated entities. This move, outlined in the draft framework titled “Disclosure Framework on Climate-related Financial Risks, 2024”, signifies India’s commitment to integrating climate considerations into financial decision-making. A Four-Pillar Approach […]