MicroCredit Vs MicroFinance

Headline : Explained: What ails the existing microcredit model Details : In News Studies suggest that the existing systems of microcredit have a limited impact on the long-term wellbeing of the recipients. Telegram: https://t.me/MrunalsEconomy           www.UpscExpress.com About: Microcredit Microcredit refers to the granting of very small loans to impoverished borrowers. Rationale Loans given … Continue reading MicroCredit Vs MicroFinance

Advertisements

Fintech committee recommends new legal framework for consumer protection

Headline : Fintech committee recommends new legal framework for consumer protection Details : In News: A panel on issues related to financial technology (fintech) has recently submitted its recommendations to the Finance Ministry.The committee has suggested putting in place a comprehensive legal framework to protect consumers of digital services. What Is Financial Technology (Fintech)? Financial technology (Fintech) is … Continue reading Fintech committee recommends new legal framework for consumer protection

Deceleration in economy: Cyclical downswing, not a deep structural slowdown, says RBI

Headline : Deceleration in economy: Cyclical downswing, not a deep structural slowdown, says RBI Details : In News The Reserve Bank of India has released its annual report for the year 2018-19.The report confirms that several sectors are undergoing a deceleration in the economy.However, it states that the deceleration could turn into cyclical downturn rather than … Continue reading Deceleration in economy: Cyclical downswing, not a deep structural slowdown, says RBI

India’s water crisis: All stakeholders must come together Editorial 29th Aug’19 HindustanTimes

Headline : India’s water crisis: All stakeholders must come together Editorial 29th Aug'19 HindustanTimes Details : Water stress in India: India is home to 17% of world’s population, but has only 4% of the world’s fresh water resources.At present, 75% of Indian households do not have access to drinking water, and close to 90% of rural households … Continue reading India’s water crisis: All stakeholders must come together Editorial 29th Aug’19 HindustanTimes

Supreme Court upholds homebuyers’ rights as financial creditors under IBC

Headline : Supreme Court upholds homebuyers' rights as financial creditors under IBC Details : Why in News: The Supreme Court has upheld the validity of an amendment to the Insolvency and Bankruptcy Code (IBC) that treats homebuyers as financial creditors, thus giving homebuyers the right to take legal recourse against developers under three key laws. Background: … Continue reading Supreme Court upholds homebuyers’ rights as financial creditors under IBC

Economy: RBI has done its bit, now over to the government Editorial 9th Aug’19 HindustanTimes

Headline : RBI has done its bit, now over to the government Editorial 9th Aug'19 HindustanTimes Details : Rate cut by RBI: Inflation is within control. The economy is slowing down.  RBI has lowered its growth projections for the first half of the year sharply. The RBI’s projections indicate that it expects growth to improve in the … Continue reading Economy: RBI has done its bit, now over to the government Editorial 9th Aug’19 HindustanTimes

Economy: Dividend Tax Distribution, Long Term Capital Gain Tax (LTCG), Surcharge on FPIs

Headline : Market participants seek rollback of surcharge on FPIs, lower LTCG tax Details : The News: In a meeting with Finance Minister, foreign portfolio investors (FPIs) and finance industry players presented a series of proposals to revive investment sentiment. Important Terminologies: About: Dividend Tax Distribution A dividend is a return given by a company to … Continue reading Economy: Dividend Tax Distribution, Long Term Capital Gain Tax (LTCG), Surcharge on FPIs