Advancing Financial Inclusion: Fino Payments Bank’s Journey to Becoming a Small Finance Bank
Introduction Fino Payments Bank, a notable player in the banking sector, has recently taken a significant step forward in its growth trajectory. The bank has formally applied for a license to operate as a Small Finance Bank (SFB) with the Reserve Bank of India (RBI). Application and Compliance This move by Fino Payments Bank aligns […]
How Switzerland’s Duty-Free Decision Affects India’s FTA Benefits
Switzerland, one of the most expensive countries in the world, has decided to abolish import duties on almost all industrial goods from 1 January 2024. This move is expected to reduce costs for consumers and businesses, and improve the competitiveness of the Swiss economy. However, it also poses a challenge for India, which has been […]
BI announces new policy for small finance banks with higher capital requirement
The Reserve Bank of India (RBI) has announced a new policy for licensing of small finance banks (SFBs) in the private sector on an ‘on tap’ basis. The policy aims to expand the banking services to the unserved and underserved sections of the society through high technology-low cost operations. Key changes in the policy
MoU Between India and Guyana in Hydrocarbon Sector Gets Cabinet’s Green Light
India and Guyana have agreed to cooperate in the hydrocarbon sector, covering the complete value chain from exploration and production to refining and renewables. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry […]
Decade of Innovation: Evaluating the Impact of Startup India After 8 Years
Introduction to Startup India Launched in 2016, Startup India aimed to build a strong ecosystem for nurturing innovation and startups in India. Eight years in, the initiative has seen a significant transformation in the Indian startup landscape. Success Stories and Profitability Trends Key players in the startup sector have shown promising profitability. MapMyIndia reported a […]
India-Maldives Diplomatic Strain: Traders Urged to Suspend Business Amidst Tensions
Diplomatic Tensions Rise A recent online conflict between India and the Maldives escalated into the physical world. Indian Prime Minister Narendra Modi’s promotion of Lakshadweep’s tourism potential sparked derogatory remarks by Maldivian ministers, leading to diplomatic actions. India summoned the Maldivian High Commissioner, and its envoy in Male met with Maldivian officials. CAIT’s Call for […]
Uttar Pradesh Ranks in Top Three for MSMEs with a 9% Share Nationally: Insights from CBRE-CREDAI Report
Overview of MSME Sector in India According to a recent CBRE-CREDAI report, Uttar Pradesh has emerged as one of the top three states in India for Micro, Small, and Medium Enterprises (MSMEs), contributing 9% to the national share. Maharashtra leads with a 17% share, followed by Tamil Nadu at 10%. Uttar Pradesh’s Contribution and Growth […]
Red Sea Turbulence: A Potential $30 Billion Blow to Indian Exports
Overview India is poised to experience a significant reduction in its export revenue, projected to be around $30 billion, in the current fiscal year. This downturn is attributed to increased threats in the Red Sea, which have disrupted maritime trade and commerce. Red Sea Threats and Impact on Indian Exports Economic Implications Broader Impact on […]
Sailing Towards 2047: Government’s Mega Investment in River Cruising and Green Vessel Development
Cruise Tourism Strategy The Ministry of Tourism has drafted a National Strategy for the development of Cruise Tourism in the country, with the aim of positioning India as a preferred destination for cruise tourism globally. The strategy document identifies various strategic pillars for infrastructure and circuit enablement, market development, ease of doing business, integrated tourism […]
All Entities to Register for M2M, WPAN, WLAN via SaralSanchar: Telecom Dept’s Latest Announcement
The Department of Telecommunications (DoT) has announced that all entities engaged in Machine-to-Machine (M2M) service provisioning and Wireless Personal Area Network as also Wireless Local Area Network (WPAN/WLAN) connectivity provisioning are required to register with DoT through a simple and transparent online process via SaralSanchar portal. What is M2M and WPAN/WLAN? M2M is a technology […]