The Reserve Bank of India (RBI) has reduced the policy repo rate by 25 basis points (or 0.25%) to 6.00%, from previous rate of 6.25%. The revised policy repo rate comes into effect immediately. This is the second consecutive repo rate cut by RBI following a 0.25% reduction earlier this year in February 2025. The … Read more
The Maharashtra government has approved a new policy for e-bike taxis in urban areas of the state with an aim to offer affordable transportation to single passengers while providing employment opportunities to the riders. The policy also aims to create nearly 20,000 jobs in the state and provide a ₹10,000 grant to help drivers start … Read more
The government has decided to discontinue parts of the Gold Monetisation Scheme (GMS) from March 26, 2025, the Union Finance Ministry announced earlier today. The ministry said that the decision has been take after reviewing the scheme’s performance and evolving market conditions. Scheme Components Affected: What’s Ending and What’s Continuing? The Gold Monetisation scheme comprised … Read more
Taking cash out of ATMs is getting costlier as the Reserve Bank of India (RBI) has approved an increase in interchange fees on ATM withdrawal from May 1, 2025. The rule will affect the customers who use the non-home bank ATMs more times than the free transactions limit. The RBI’s decision comes in the wake … Read more
The Securities and Exchange Board of India (SEBI) conducted its 209th board meeting earlier today on March 24, 2025 where few of the much anticipated regulatory changes were announced. The new norms impact Foreign Portfolio Investors (FPIs), Alternative Investment Funds (AIFs), Market Infrastructure Institutions (MIIs), investment advisors and research analysts. It was the first board … Read more
The Reserve Bank of India (RBI) has announced that new denomination banknotes of Rs 100 and Rs 200 in the Mahatma Gandhi (New) Series will be issued soon bearing the signature of new RBI Governor Shri Sanjay Malhotra. The bank had already notified issuance of Rs 50 denomination banknotes bearing Shri Sanjay Malhotra’s signature in … Read more
The central government has launched a much-needed new credit assessment model for the Micro, Small, and Medium Enterprises (MSMEs) that aims to simplify the credit approval process as well as cover the MSMEs without a formal accounting system. The new credit assessment model will be based on the scoring of digital footprints of the companies … Read more
Women in India are increasingly becoming credit-conscious and financially aware according to a new report by NITI Aayog’s Women Entrepreneurship Platform (WEP) in partnership with TransUnion CIBIL and Microsave Consulting. The data shows that 2.7 crore women are now actively self-monitoring their credit scores, a 42% rise in 2024. The number of women seeking credit … Read more