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RBI lifts interest cap on microfinance institutions, bans usurious rates

-Business Standard Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator. The Reserve Bank of India (RBI) on Monday released its final guidelines for microfinance loans, lifting an interest cap and allowing companies to have a board-approved policy to price for such lending. The RBI will continue checking that microfinance institutions do not charge usurious rates. The regulator said each entity has to disclose pricing related information...

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India’s MMR at 103; UP, MP, Assam, Chhattisgarh Still Above 150 – Higher Than SDG goal

-The Wire Science New Delhi: India’s maternal mortality ratio (MMR) has improved to 103 for the period between 2017 and 2019. However, despite an overall improvement, the ratio has remained the same for some states, according to the Sample Registration System’s (SRS) estimate released by the Registrar General of India. In some states, like West Bengal, Haryana and Uttarakhand, the ratio has worsened. As per the 2020 data, during the period of...

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From Amritsar’s 'Padwoman' to Mobile Repair Shop Owner: Meet AAP's 'Giant Killers' in Punjab -Vivek Gupta

-TheWire.in The widespread victories of lesser-known candidates in Punjab reveals voters’ entrenched anger with traditional parties in the state – an anger which AAP was able to capitalise on. Chandigarh: Even as the election verdict in Punjab sent shock waves across the country and beyond, it was less known faces that stole the show by defeating the bigwigs in the state. One of the major upsets of the election was the massive defeat...

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Census should not be just data-oriented: House panel

-The Hindu ‘It should portray culture and society’ The Parliamentary Committee on Home Affairs has said that the coming census exercise “should not merely be data-oriented; rather it should portray the perspective of culture and society.” Members of the panel felt that since the current census has not commenced yet, an effort should be made on the part of the Ministry of Home Affairs (MHA) through the Registrar General of India (RGI) to...

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How the Crude Oil Price Spike Will Upend India's Fiscal Balancing Act -Kaushal Shroff

-TheWire.in India will have to brace itself for an inflationary shock that will only serve to bludgeon a COVID-ravaged economy. Russia’s offensive refuses to pause. Since February 24, a little over 2.3 million Ukrainians have fled seeking a safe haven while the Russian army is upping the stakes and making the war exponentially dirtier by attacking civilian enclaves, non-military infrastructure and even hospitals. On March 10, Russia retaliated to the banking, business and...

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