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RBI Increases Collateral-Free Agricultural Loan Limit from Rs. 1.6 to Rs. 2 Lakh.

In a significant move to support the agricultural sector and address rising input costs, the Reserve Bank of India has announced an increase in the limit for collateral-free agricultural loans, including loans for allied activities. The existing loan limit of Rs. 1.6 lakh per borrower has been raised to Rs. 2 lakh.

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RBI Increases Collateral-Free Agricultural Loan Limit from Rs. 1.6 to Rs. 2 Lakh.

This decision acknowledges the impact of inflation and the increasing cost of agricultural inputs on farmers. It aims to provide enhanced financial access to farmers, ensuring they have sufficient resources to meet their operational and developmental needs without the burden of providing collateral.

Effective January 1, 2025, banks across the country are instructed to:

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RBI Increases Collateral-Free Agricultural Loan Limit from Rs. 1.6 to Rs. 2 Lakh.

Waive collateral security and margin requirements for agricultural loans, including loans for allied activities, up to ₹2 lakh per borrower.

Expeditiously implement the revised guidelines to ensure timely financial assistance to the farming community.

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RBI Increases Collateral-Free Agricultural Loan Limit from Rs. 1.6 to Rs. 2 Lakh.

Banks are instructed to provide widespread publicity to these changes to ensure maximum outreach and awareness among farmers and stakeholders of their operational area.

This move enhances credit accessibility, particularly for small and marginal farmers (over 86% of the sector), who benefit from reduced borrowing costs and the removal of collateral requirements.

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RBI Increases Collateral-Free Agricultural Loan Limit from Rs. 1.6 to Rs. 2 Lakh.

By streamlining loan disbursement, the initiative is expected to increase the uptake of Kisan Credit Card (KCC) loans, allowing farmers to invest in agricultural operations and improve their livelihoods. Combined with the Modified Interest Subvention Scheme, offering loans up to Rs. 3 lakh at a 4% effective interest rate,

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RBI Increases Collateral-Free Agricultural Loan Limit from Rs. 1.6 to Rs. 2 Lakh.

this policy strengthens financial inclusion, supports the agricultural sector, and fosters credit-driven economic growth, aligning with the government’s long-term vision for sustainable agriculture.

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BOBCARD unveils a women-centric credit card with free health perk vouchers.

BOBCARD LIMITED has introduced the TIARA Credit Card, premium credit card designed exclusively for women.

Unveiled by model and actor Milind Soman, Pinkathon creator and yoga practitioner Ankita Konwar, and Ravindra Rai, MD & CEO of BOBCARD LIMITED, the TIARA card is powered by the RuPay network.

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BOBCARD unveils a women-centric credit card with free health perk vouchers.

It offers a host of rewards and benefits across travel, dining, lifestyle, entertainment, and health categories, catering to the aspirations of modern women.

The TIARA cardholders get complimentary vouchers and memberships worth up to Rs 31,000 from leading brands like Myntra, Nykaa, Flipkart, Lakme Salon, and Urban Company.

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BOBCARD unveils a women-centric credit card with free health perk vouchers.

To amplify the card’s empowering message, BOBCARD has collaborated with cricketer Shreyanka Patil, who embodies the campaign tagline ‘Your Woman Card is Your Power Move.’

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Max Life rebrands to Axis Max Life Insurance after regulatory approval.

Max Life Insurance announced a change in its corporate name to Axis Max Life Insurance after receiving the corporate and regulatory approval.

Earlier this year, Axis Bank’s board of directors approved the proposal to acquire Max Life shares, raising Axis entities’ total holding in the insurance company to 19.99 percent from 19.02 percent.

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Max Life rebrands to Axis Max Life Insurance after regulatory approval.

Following this stake acquisition by Axis Bank, the stake of MFSL in Max Life reduced to 81 percent from 87 percent earlier.

The registrar of companies has given its approval for the change of name and issued a “fresh certificate of incorporation consequent upon change of name” on December, 12, 2024, according to an exchange filing by the company.

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Max Life rebrands to Axis Max Life Insurance after regulatory approval.

The new brand identity is reflected in a new logo through the inclusion of Axis’s ‘A’ and burgundy shade.

According to its exchange filing, the new brand names would carry forward the legacy of trust and expertise of Max identity, adding confidence and familiarity.

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Govt Unveils ‘Jalvahak’ To Boost Inland Waterways, Cargo Movement Incentivised on NW1, NW2 & NW16.

The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal unveiled a major policy for Cargo Promotion - ‘Jalvahak’ - incentivising movement of long haul cargo via National Waterways 1 (river Ganga) as well as for National Waterways 2 (river Brahmaputra) and National Waterways 16 (river Barak).

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Govt Unveils ‘Jalvahak’ To Boost Inland Waterways, Cargo Movement Incentivised on NW1, NW2 & NW16.

The Union Minister Shri Sarbananda Sonowal also flagged off cargo ships - MV AAI, MV Homi Bhaba along with MV Trishul with two Dumb Barges Ajay & Dikhu - from the GR Jetty here today. This marks the beginning of fixed Scheduled Service of Cargo Vessels from Haldia for NW 1 and NW 2.

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Govt Unveils ‘Jalvahak’ To Boost Inland Waterways, Cargo Movement Incentivised on NW1, NW2 & NW16.

The Fixed Day Scheduled Sailing Service will ply vessels between Kolkata - Patna - Varanasi - Patna - Kolkata stretch of NW 1 and between Kolkata and Pandu in Guwahati on NW 2 via Indo Bangladesh Protocol Route (IBPR). The Union Minister of State for MoPSW, Shantanu Thakur and Minister of State for Transportation (Independent Charge),

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Govt Unveils ‘Jalvahak’ To Boost Inland Waterways, Cargo Movement Incentivised on NW1, NW2 & NW16.

Govt of UP, Daya Shankar Singh also joined the significant occasion.

The ‘Jalvahak’ scheme offers reimbursement upto 35% of total operating expenditure incurred while transporting cargo via waterways on NW 1 (Ganga river), NW 2 (Brahmaputra river) & NW 16 (Barak river) via Indo Bangladesh Protocol (IBP) route.

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Govt Unveils ‘Jalvahak’ To Boost Inland Waterways, Cargo Movement Incentivised on NW1, NW2 & NW16.

To encourage the business proposition of vessel operators, the scheme encourages cargo owners to hire vessels owned or operated by organisations other than IWAI or ICSL. The incentive scheme is ideal for major shipping companies, freight forwarders, trade bodies and associations that handle bulk and containerised cargo.

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International Day of Neutrality | 12 December

On 2 February 2017, the UN General Assembly adopted without a vote resolution 71/275 — introduced by Turkmenistan, recognized by the UN as a permanently neutral state since 12 December 1995 — which noted the link between the preservation of peace and the 2030 Agenda for Sustainable Development, and declared 12 December as the International Day of Neutrality.

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International Day of Neutrality | 12 December

The aforementioned GA resolution also proposes that UN Secretary-General continue to cooperate closely with the neutral states, with a view to implementing the principles of preventive diplomacy and utilizing them in the mediation activities.

The United Nations is committed to moving from a culture of "reaction" to one of "prevention".

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International Universal Health Coverage Day | 12 December

On 12 December 2012, the United Nations General Assembly endorsed a resolution urging countries to accelerate progress toward universal health coverage (UHC) – the idea that everyone, everywhere should have access to quality, affordable health care. On 12 December 2017, the United Nations proclaimed 12 December as International Universal Health Coverage Day (UHC Day),

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International Universal Health Coverage Day | 12 December

by resolution 72/138.

International Universal Health Coverage Day aims to raise awareness of the need for strong and resilient health systems and universal health coverage with multi-stakeholder partners. Each year on 12 December, UHC advocates raise their voices to share the stories of the millions of people still waiting for health, champion what we have achieved so far,

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International Universal Health Coverage Day | 12 December

call on leaders to make bigger and smarter investments in health, and encourage diverse groups to make commitments to help move the world closer to UHC by 2030.

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HSBC India Unveils Privé: A Premium Credit Card for Global Private Banking Clients.

HSBC India has launched its first premium credit card, HSBC Privé, exclusively designed for its Global Private Banking clients. This invitation-only card is tailored to cater to high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), offering a suite of elevated travel, exclusive access, and exceptional lifestyle benefits.

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HSBC India Unveils Privé: A Premium Credit Card for Global Private Banking Clients.

The launch in India is part of HSBC’s global programme aimed at delivering bespoke experiences to its private banking clients. The initiative, which debuted in Hong Kong, is set to expand to other global markets. In India, the Global Private Banking business serves clients with investable assets exceeding USD $2 million,

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HSBC India Unveils Privé: A Premium Credit Card for Global Private Banking Clients.

including entrepreneurs, professionals, and their families.

In collaboration with Mastercard, HSBC Privé provides an array of benefits designed to align with the aspirations and dynamic lifestyles of its UHNWI and HNWI clients. Key features include:

Travel Perks

Exclusive Access

Lifestyle Enhancements

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Reliance General Insurance Unveils Annual Multi-Trip Rider for Global Travelers

Reliance General Insurance has introduced its Annual Multi-Trip Rider, an innovative addition to the Reliance Health Global policy, tailored to meet the needs of frequent international travelers. This comprehensive rider offers extended coverage for health and travel-related emergencies, ensuring policyholders have access,

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Reliance General Insurance Unveils Annual Multi-Trip Rider for Global Travelers

to seamless healthcare and robust travel protection anywhere in the world.

Key features include global coverage with sum insured options ranging from $1.5 million to $5 million annually, trip durations up to 180 days per year, and benefits like medical evacuation, trip cancellations, and adventure sports coverage.

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Reliance General Insurance Unveils Annual Multi-Trip Rider for Global Travelers

It also provides emergency treatment coverage up to USD 0.5 million and cashless hospitalization via a worldwide network of hospitals.

This launch underscores Reliance General Insurance’s dedication to delivering customer-centric and innovative insurance solutions, addressing the growing needs of global citizens.

Rakesh Jain- CEO of Reliance General Insurance.

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National Energy Conservation Day | 14 December

Energy efficiency stands as a cornerstone of sustainable development, weaving together the threads of progress and environmental stewardship. In India, this deep dedication to sustainability is passionately commemorated on December 14 as National Energy Conservation Day.

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National Energy Conservation Day | 14 December

This annual observance shines as a ray of hope and shared responsibility, underscoring the critical need for adopting sustainable energy practices. Far beyond a ceremonial occasion, it serves as a driving force for individuals, industries, and institutions to embrace energy efficiency, paving the way for a greener, more harmonious future.

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