RBI Circular on Fair Lending Practice – Penal Charges in Loan Accounts
1. Para 3(viii) of the circular specifies that in the case of existing loans, the switchover to new penal charges regime shall be ensured on next review or renewal date…
Supreme Court Advocates for Limited Use of Pre-Trial Injunctions to Uphold Freedom of Speech and Public Right to Information
Supreme Court Emphasizes the Rarity of Media Injunctions to Preserve Free Speech The Supreme Court of India has recently underscored the importance of exercising restraint in granting pre-trial injunctions that…
What is the Concept of NPS in India? What are the benefits in terms of future Pension, Profit and tax incentive?
The National Pension System (NPS) in India is a government-sponsored pension scheme that was launched in January 2004 for government employees. However, in 2009, it was opened to all sections…
How does the ‘Digital India’ initiative connect with the promotion of UPI payments?
The "Digital India" initiative is a flagship program launched by the Government of India to transform India into a digitally empowered society and knowledge economy. It aims at ensuring government…
What is Section 40B of income tax under Income Tax Act in India?
Section 40B of the Income Tax Act in India pertains to the deductions and limits on interest, salary, bonus, commission, or remuneration paid to partners by a partnership firm or…
What is Micro Finance? How is it affecting Indian Economy?
Microfinance refers to a variety of financial services provided to low-income individuals or those who lack access to typical banking services. It includes microloans, micro-savings, and micro-insurance products designed to…
Empowering Policyholders: A Comprehensive Guide to the IRDAI 2024 Regulations
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced comprehensive regulations titled "Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers)…
How Sensex value calculated and why there is difference in value of Sensex and nifty in indian stock market?
The Sensex and the Nifty are two major stock market indices in India that track the performance of the largest and most actively traded companies on the Bombay Stock Exchange…
What is the difference between ROE and ROCE in Stock Market?
Return on Equity (ROE) and Return on Capital Employed (ROCE) are both key financial ratios used to assess the profitability and efficiency of a company, particularly from the perspective of…
RBI Orders Banks Open for Govt. Transactions on March 31, 2024
RBI Orders Banks Open for Govt. Transactions on March 31, 2024