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Parliament passes Insolvency and Bankruptcy Code (Amendment) Bill, 2021- Check key features

The Insolvency and Bankruptcy Code (Amendment) Bill, 2021, will introduce an alternate insolvency resolution process for micro, small and medium enterprises (MSMEs). It amends the Insolvency and Bankruptcy Code, 2016.
5 hrs ago
RBI's new rules on interchange fee, bulk payment system come into effect: How will it affect us?

National Automated Clearing House (NACH) has now been made available on all days of the week, starting from August 1, 2021.
2 days ago
NABARD sanctions Rs. 446 crores for drinking water projects in districts of Punjab

The National Bank for Agriculture and Rural Development has sanctioned Rs. 445.89 crores for the drinking water projects in Fazilka, Ferozepur, Rupnagar, and Hoshiarpur districts of Punjab.
Jul 30, 2021
Parliament passes Factoring Regulation Amendment Bill- All you need to know!

The Factoring Regulation (Amendment) Bill, 2021 seeks to amend the Factoring Regulation Act, 2011 to widen the scope of factors that can engage in factoring business, where an entity acquires receivables of another entity for an amount.
Jul 30, 2021
IMF cuts India’s GDP growth forecast to 9.5% for FY22 as second wave hits recovery

The forecast by IMF for the fiscal year 2021-22 is lower than the 12.5% economic growth that the agency had projected in April 2021, before the deadly second wave took a grip.
Jul 28, 2021
UK court declares Vijay Mallya bankrupt: What does this mean for Indian banks?

The Companies and Insolvency Court of the UK declared Vijay Mallya bankrupt allowing the consortium of Indian banks to pursue his assets worldwide.
Jul 27, 2021
Central Bank Digital Currency likely to be launched in near future: RBI Deputy Governor

Deputy RBI Governor T Rabi Shankar stated that conducting pilots of the digital currency in wholesale and retail segments may be a possibility in near future.
Jul 23, 2021
IMF estimates 2021 global growth forecast at 6 per cent: IMF Managing Director

The International Monetary Fund (IMF) estimated that the global growth for 2021 will be approximately 6 per cent, but some countries are growing faster and other more slowly. Read to know why.
Jul 22, 2021
Centre releases Rs 75,000 crores to States, UTs as GST compensation

The Ministry of Finance released Rs 75,000 crores to the States and Union Territories (UTs) to compensate them for the shortfall in revenue due to GST implementation. Read all you need to know.
Jul 16, 2021
Cryptocurrency Bill – All You Need to Know

The Crypto Bill was not listed among the 23 bills to be tabled in the Lok Sabha during the Monsoon Session of the Indian Parliament. Read why Cryptocurrency Bill, 2021 was not listed for the Monsoon session of Parliament.
Jul 15, 2021
Mastercard banned from issuing new cards from July 22 by RBI: What will happen to existing customers?

The RBI clarified that the supervisory action will not impact the existing customers of Mastercard in the country.
Jul 15, 2021
7th Pay Commission: Dearness Allowance for Central government employees hiked from 17% to 28%

Dearness Allowance (DA) for the Central Government employees has been hiked to 28% with effect from July 1, 2021.
Jul 14, 2021
India's retail inflation remains high at 6.26 percent in June 2021

The Consumer Food Price Index (CFPI) went up slightly in June 2021 to reach 5.15 percent in comparison to 5.01 percent in May 2021.
Jul 13, 2021
7th Pay Commission: 5 Recent Changes, Benefits Central Govt Employees Should Know

The Central government has announced a set of relief measures for around 52 lakh government employees and 60 lakh pensioners. Read all you need to know.
Jul 9, 2021
India supports free, open, rules-based Indo-Pacific at first edition of CII Summit

The Indo-pacific business summit organized by CII saw sessions on how India and other nations in the Indo-Pacific region can expand their economic partnership and can also collaborate for future economic development.
Jul 8, 2021

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