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Economy

Third party motor insurance premium to get pricier as IRDAI revises rate card

May 21, 2019July 4, 2019 - by Abdul

Insurance Regulatory and Development Authority of India(IRDAI) has released a draft notification on third-party motor insurance.Third-party insurance is the portion of an insurance policy that protects you if you’re held …

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Economy

RBI against special NBFC window

May 21, 2019July 4, 2019 - by Abdul

The Reserve Bank of India (RBI) is not ready to offer a special lending window to stressed non-banking finance companies(NBFCs).The RBI may have to provide liquidity to all the NBFCs …

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Economy

BUILD to shape future of Indian aerospace

May 21, 2019July 4, 2019 - by Abdul

Boeing has announced the launch of Boeing University Innovation Leadership Development (BUILD) programme for university students, faculty and early-stage start-ups in India. The programme will help innovators convert their ideas …

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Economy

After RBI, Sebi & IRDAI launch initiatives to boost startups

May 21, 2019July 4, 2019 - by Abdul

Securities and Exchange Board of India(SEBI) and the Insurance Regulatory and Development Authority of India(IRDAI) has announced sandbox initiative to encourage startups in their segments by making data and systems …

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Economy

RBI now uses divergence to compel banks to improve their loan-loss ratios

May 19, 2019July 4, 2019 - by Abdul

Recently,three state-run banks had reported divergence in bad loan recognition while announcing the results. Divergence takes place when the Reserve Bank of India (RBI) finds that a lender has under-reported …

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Economy

Skimming: how devices at ATMs can steal data, help criminals clone cards

May 18, 2019July 4, 2019 - by Abdul

Recently,Delhi police had found that Rs 19 lakh had been fraudulently withdrawn from 87 accounts in three ATMs in a span of seven days. This was done with the help …

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Economy

Kerala first Indian state to tap into masala bond market

May 18, 2019July 4, 2019 - by Abdul

Kerala Infrastructure Investment Fund Board(KIIFB) has issued Masala Bonds to raise funds from the overseas market. KIIFB has become the first regional entity in India to enter the offshore international …

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Economy

E-payments panel submits report to RBI

May 18, 2019July 4, 2019 - by Abdul

The Reserve Bank of India(RBI) appointed a committee,  headed by Nandan Nilekani has submitted its suggestions on promoting digital payments to RBI Governor. RBI had set up the five-member panel …

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Economy

India surpasses China in fintech funding in March quarter: Report

May 18, 2019July 4, 2019 - by Abdul

According to the Global Fintech Report,India has surpassed China as the leading fintech startup hub in Asia by attracting almost 50% more funding than their Chinese counterparts. FinTech or financial …

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Economy

Refurbished mobile imports certified by BIS get govt nod

May 18, 2019July 4, 2019 - by Abdul

India has decided to allow the import of refurbished or second mobile phones subject to the condition that they are certified by the Bureau of Indian Standards (BIS). Earlier,the government …

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