The Reserve Bank of India (RBI) in a sudden move on May 4, 2022, increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect.
Insurance Regulatory and Development Authority of India (IRDAI) has formed various committees through the General Insurance Council (GIC) to overhaul the insurance sector.
Maharashtra became the first state in India to develop a website-based Migration Tracking System (MTS) application to track the movement of migrant workers through individual unique identity numbers.