Reserve Bank of India has directed all the banks in the country to provide loans at 7 percent interest to women self help groups under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY – NRLM). The order is applicable to the current fiscal year. Guidelines on Interest Subvention Scheme: The RBI has issued latest…
The Reserve Bank of India (RBI) in its recent report said that the people of Andhra Pradesh love to invest in gold and real estate compared to other instruments such as mutual funds and fixed deposits. The Household Finance Committee Report of RBI shows that families in Andhra Pradesh are more inclined towards investing in…
Technology giant Google India will launch Tez, a payment app as the company plans to foray into the business of growing digital payment segment. The Tez app will be launched by Arun Jaitley on 18 September 2017. The Google has started trials of its TEZ app a few months back and completed the testing of…
A committee set up to look into household finance system in India has proposed to impose some regulations on the gold transactions in the country. The committee has recommended to record the transactions through making PAN card a must at the time of purchase and sale of gold. India has huge consumption of gold compared…