India is ranked 122nd on a new Global Youth Development Index 2020 measuring the condition of young people across 181 countries, released by the Commonwealth Secretariat in London.
Small Industries Development Bank of India (SIDBI) has unveiled 'Digital Prayaas' an app-based digital-lending platform to facilitate loans to entrepreneurs from low-income groups.
The Reserve Bank of India has raised the limit for collateral-free loans to Self-Help Groups (SHG) under the DAY-NRLM (Deendayal Antyodaya Yojana - National Rural Livelihoods Mission) from Rs. 10 lakhs to Rs. 20 Lakhs.
The Reserve Bank of India (RBI) has announced the launch of the 'Scheme of Penalty for non-replenishment of ATMs', as per which it will impose monetary penalties on ATMs/WLAs that run out of cash. The Scheme shall be effective from October 01, 2021.
Iran's new President Ebrahim Raisi named the chairman of a powerful state-owned foundation sanctioned by the United States as his first vice-president.
EXAMIANS