-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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Why more women voted for the BJP in 2022 elections -Rahul Verma
-IndiaToday.in More women voted for the BJP than men in all four states that the party won in the recently concluded Assembly elections, according to the data. Here's why. The story of women voting in India has added one more puzzle for social scientists to decipher. In the past decade, the research largely focused on the increasing voter registration among women and their higher turnout rate at polling booths. The combined effect...
More »80% foreign medical graduates fail India’s licence exam. Here’s what they end up doing instead -Kritika Sharma and ABantika Ghosh
-ThePrint.in In 2019, 25.79% Indians cleared Foreign Medical Graduate Exam, a test aspirants with degrees from certain countries need to clear for practise in India. Figure was 14.68% in 2020 and 23.83% in 2021. New Delhi: Every year, thousands of Indians with medical degrees from foreign universities appear for the Foreign Medical Graduate Exam (FMGE) — a screening test conducted by the National Board of Examination (NBE) and mandated by the National...
More »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...
More »MSME suffers most during COVID, lockdown; Public sector Banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
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