Cyber Security – An Insurance From Cyberattacks or Crimes
Introduction of Cyber Security On the internet, data or information is widely spread and with each year, technology is becoming more comprehensive and complicated, and so do cyberattacks. Digital crime is also enhancing with great intensity and certainly, it is not restricted to any specific Internet-accessible platforms. Different devices such as desktops, smartphones, and tablets
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Digital Rupee: The Future of Digital Currency
Introduction & Need for RBI Central Bank Digital Currency A total of 114 nations, India included, are actively considering digital currency adoption, with India already introducing its retail Central Bank Digital Currency (CBDC) on a pilot basis. The Reserve Bank of India envisions the e-Rupee, overseen and issued by the central bank, as the next-generation, seamless, widely
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Employment Situation in New India
According to the vision outlined by Prime Minister Modi, India is making significant strides towards achieving a $5 trillion economy by 2024-25. Under his leadership, the economic recovery in the country continues to have a positive impact on employment situation in New India, thanks to the multiplier effect. Furthermore, the Budget for 2023-24 has injected
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India GDP in Trillion: A Path to Become a $30 Trillion Economy
The bold and big thinking of Indian leaders is pushing India to become a $30 trillion economy in the next 30 years. In a short span of a year, the Indian economy has quickly expanded, from the timely action of the RBI to tame inflation to expanding consumption – India is skyrocketing towards growth and
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Contribution of Artificial Intelligence in Financial Services To Boost Economy of New India
Has a chatbox ever asked you to open a savings account? Does ever a computerized assistant resolve your queries in minutes? In this blog, we will understand how Artificial Intelligence drives Indian economy. The world of AI is tremendously booming and it can be seamlessly seen that no industry or sector has remained untouched by
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Master Circular On Bank Finance To Non-Banking Financial Companies (NBFCs)
Financial activities of the Non-Banking Financial Companies (NBFCs) are regulated by Reserve Bank of India under the provisions of Chapter III B of the Reserve Bank of India Act, 1934. With the amendment of Section 45 IA of the Reserve Bank of India Act, 1934 in January 1997 and amendment of the National Housing Bank Act, 1987 in
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PM’s Deliberations On Easy Lending Norms By Commercial Banks To Fulfil The Requirements Of Needy Enterprises
During speech at the conference on 18th November, 2021 on ‘Creating synergies for seamless credit flow and economic growth’, our Prime Minister said “Indian banks are strong enough to play a major role in imparting fresh energy to the country’s economy, for giving a big push and making India self-reliant. I consider this phase as
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PM Modi’s Vision for India’s Future: The Symbiotic Relationship Between ‘Make in India’ and ‘Viksit Bharat @ 2047
As India marches towards the centenary of its independence in 2047, the nation carries forward an audacious and inspiring mission: the creation of Viksit Bharat—a developed India. This is not merely a slogan to echo on ceremonial occasions but a collective pledge, a roadmap binding government, business, and society in a shared destiny. At the heart
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Working of NBFCs in India Would Improve With Implementation of PCA Framework by RBI
Non Banking Financial Companies (NBFCs) have been growing in size and have substantial interconnectedness with other segments of the financial system. Reserve Bank of India had introduced a Prompt Corrective Action Framework (PCA) for Scheduled Commercial Banks in 2002 and the same has been reviewed from time to time based on the experience gained and developments in
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Fresh Start Scheme, 2020 & LLP Settlement Scheme, 2020
Opportunity to professionals: Fresh Start Scheme, 2020 & LLP Settlement Scheme, 2020 – Relief to Companies & LLPs The Companies Act, 2013 and Limited Liability Partnerships Act (LLP Act) 2008 require all Companies/ Limited Liability Partnerships (LLPs) to make annual statutory compliance by filing the Annual Return and Financial Statements. Apart from this, various other
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