Speaking about RBI’s order against Paytm Payments Bank (PPB), Reserve Bank of India Deputy Governor Swaminathan J. asserted that the action was taken against the fintech player after persistent non-compliance. “We don’t want to discuss details of action on Paytm Payments Bank. This is supervisory action for persistent non-compliance. Such action is invariably preceded by months and sometimes years … Read more
On Saturday (10th February), the Employees’ Provident Fund Organisation (EPFO) recommended a hike in the interest rate on deposits under the Employees Provident Fund (EPF) scheme for the financial year 2023-2024. As per the recommendations, the retirement fund body fixed a three-year high-interest rate of 8.25% on EPF deposits for FY 2023-24. The recommendation to hike the EPF interest … Read more
While world is under fear of recession, inflation, stock market going down, less demand, energy crisis 2022-23 is becoming turning point for Indian economy. India all set to become economic superpower. – GDP grew in Q2 at 6.3% and 9.8% in H1 that is highest in world among all major countries Agenda makers will say, … Read more
What UPA inherited from Vajpayee ji in 2004 is summed up in this way: “ In 2004, when the UPA government began its term, the economy was growing at 8 per cent (with industry and services sector growth above 7 per cent each and a resuscitating agriculture sector growth above 9 per cent in FY04) … Read more