Finance

MEIS scheme has replaced 5 incentive schemes that gave different types of duly credit scrips. The 5 incentive schemes that are replaced are, Focus Product...

The article highlights the money laundering recent retrospective amendment. Recently, the Karnataka High court has given the judgement on the retrospective...

The Central KYC Registry is a centralized repository of KYC documents of customers who avail different services under the financial sector. This has been c...

Rupee drawing arrangement is a process in which overseas foreign currency is received through proper banking channels. The RBI has developed a system where...

The Reserve Bank of India issued a principle-based resolution framework for addressing defaults from borrowers owing to Covid-19 related stress. The resolu...

The finance ministry recently decided to extend the Emergency Credit Line Guarantee Scheme to individuals. It has also allowed loans to larger MSMEs (Micro...

The Union government has launched PM-SVANidhi- Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi, which is a micro credit scheme for providing affordable...

Recently, the Reserve Bank of India came up with a modified framework for Financial Market Infrastructure and Retail Payment Systems to ensure the safety a...

This year countries all across the globe have witnessed unprecedented turmoil due to the impact of the Covid-19 pandemic. Many industries have been hardly...

The Reserve Bank of India issued a notification for an amendment to Master Direction on KYC (Know Your Customer) wherein the regulated entities must carry...

The Remission of Duties or Taxes on Export Products (RoDTEP) Scheme has been formed by the Indian government. It is a scheme that replaces the existing MEI...

What is Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)? It is one of the government-sponsored schemes for Micro, Small and Medium Ent...