Despite a host of loan restructuring schemes and packages announced by the Reserve Bank of India (RBI) and the government, the Covid pandemic has hit the Micro, Small and Medium Enterprises (MSMEs) very hard. Gross Non-Performing Assets (NPAs) of MSMEs, or loans defaulted by these enterprises, rose by Rs 20,000 crore to Rs 1,65,732 crore as …

Indian Railways’ first Gati Shakti Cargo Terminal commissioned in Asansol Division in pursuance of the Prime Minister’s vision “Gati Shakti”. This is the first such GCT commissioned in Indian Railways since the publication of GCT policy in December 2021 It is expected to enhance Indian Railways’ earnings. The commissioning of this terminal and more such …

Recently, Ukrainian police has accused Russian forces of launching phosphorus bomb attacks (chemical weapon) in the Lugansk and Donetsk regions of eastern Ukraine, collectively known as the Donbas. International law prohibits the use of white phosphorus shells in heavily populated civilian areas, but allows them in open spaces to be used as cover for …

Recently, the Reserve Bank of India (RBI) allowed Microfinance Institutions(MFI) the freedom to set interest rates they charge borrowers, with a caveat that the rates should not be usurious. The guidelines will take effect 1st April 02022. Earlier in 2021, the RBI proposed to lift the interest rate cap on MFI. Highlights of the Guidelines The RBI …

Recently, the Ministry of Tourism has formulated a National Strategy and Roadmap for Medical and Wellness Tourism. The policy envisages promoting India as a Medical Value Travel (MVT) and Wellness destination. Medical & Wellness tourism may be defined as ‘activities related to travel and hosting a foreign tourist who stays at least one night at the destination …