Individuals with pre-approved credit lines from banks will soon be able to use it to make payments over the Unified Payments Interface (UPI), the Reserve Bank of India (RBI) said, setting the stage for new credit products over the homegrown payments platform.
In other words, UPI network will facilitate payments financed by credit from banks.
The Union Cabinet has approved a gravitational-wave detector project in Maharashtra costing Rs 2,600 crore, estimated to be built by 2030.
174-acre land has been acquired in Hingoli district for its development.
LIGO-India, the third observatory of its kind, will be built to match the specifications of the LIGO observatories in the US and will work alongside them.
More than 40.82 crore loans amounting to Rs 23.2 lakh crore were sanctioned under Pradhan Mantri MUDRA Yojana since its inception eight years ago in 2015.
It aim to facilitate easy collateral-free micro credit of up to Rs 10 lakh to non-corporate, non-farm small and micro entrepreneurs for income generating activities.
State-run West Bengal Power Development Corporation (WBPDCL) has ranked best performing power generation company in the country for the financial year 2022-23, according to a list published by the Central Electricity Authority, Ministry of Power.
Santaldih has been ranked second (PLF-91.37 per cent) followed by Sagardighi plant at fifth position (PLF-89.39 per cent
South Indian Bank announces partnership with Cholamandalam MS General Insurance, to offer health and general insurance products to the customers.
This partnership would enable customers of South Indian Bank to access the diverse range of insurance products offered by Cholamandalam MS General Insurance, thus fulfilling their need for protection against damage/ loss.
The pilot for retail digital rupee was launched on 1 December, 2022 in Mumbai, New Delhi, Bengaluru and Bhubaneswar.
The retail digital rupee project saw participation of four leading lenders, including State Bank of India (SBI), ICICI Bank, Yes Bank and IDFC First Bank.
State-owned non-banking finance firm REC Ltd has raised USD 750 million through issuance of green bonds.
These bonds will mature on April 11, 2028, and all principal and interest payments will be made in US dollars.
These bonds will be listed on Global Securities Market of India International Exchange (India INX) and NSE IFSC.
Union Minister for AYUSH, Sarbananda Sonowal flagged off an International Yoga Mahotsav in the Dibrugarh University Playground.
This event has been organised to commemorate the International Day of Yoga 2023, which is just 75 days away.
Union home minister Amit Shah will visit Kibithoo, a strategically key village near the Line of Actual Control (LAC) in Arunachal Pradesh, on Monday, and launch the centrally sponsored ‘Vibrant Villages Programme’ (VVP) aimed at comprehensive development of villages at India-China border.
Going big on the textile industry and its Make in India effort, the Indian government has planned to set up seven mega textile parks under PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme.
These parks will come up in seven states Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.