About Liberalized Remittance Scheme The liberalized remittance scheme allows Indian residents to remit funds abroad for various specified purposes without any restrictions or prior approval from the RBI. It has several advantages but is subject to certain eligibility criteria. The …
About SDB In 2022, the Reserve Bank of India (RBI) introduced the Standing Deposit Facility (SDF), allowing banks to park their excess funds at a higher rate but without taking any collateral from the central bank. Currently, the SDF rate …
About WMA The Reserve Bank of India (RBI) gives temporary loans to the centre and state governments as a banker to the government. This facility is called Ways and Means Advances (WMA). This facility was introduced in 1997. Thus, WMA …
About The Reserve Bank of India (RBI) conducts nationwide Consumer Confidence Survey every two months among select households in major cities. It is conducted with an objective to assess their current perception and future expectations on various economic parameters such …
Context This article highlights the need for geographic diversification of corporate social responsibility (CSR) spending and the way forward for its implementation. What is Corporate Social Responsibility? CSR is a management concept through which a company achieves a balance of …
How does India measure retail inflation? Inflation refers to a rise in the general level of prices of a set of goods and services over a period of time. India bases its retail inflation metrics on the Consumer Price Index …
About Payments banks Payments banks are the new age banks with limited facilities. These banks mostly operate through the small vendors and shopkeepers. It exists in between the mobile wallet and regular banks. Payments banks are permitted to set up …
What’s in the news? The pilot of Digital Rupee- Retail segment (e₹-R), which was recently launched by the RBI, is covering select locations in closed user group (CUG) comprising participating customers and merchants. The e₹-R pilot currently covers the five …