GS-III

Reserve Bank of India (RBI) Governor Urjit Patel has urged payment system operators to ensure adequate attention is paid to ensuring cybersecurity and redressing customer grievances. “Operators should ensure that no corner is cut regarding cybersecurity — after all, in a network environment we are only as strong as the …

The flow of bank credit to micro, small and medium enterprises (MSMEs) that took a hit in the aftermath of demonetisation seems to have picked up again, a study by officials at the Reserve Bank of India (RBI) showed. Growth of bank credit to the MSME sector, which had started …

With urban India responsible for an increasingly large share of the national GDP, the Centre now hopes to bring out city-level GDP data. This could help both cities and investors make wise decisions, and also help municipal bodies raise funds for their own infrastructure needs, according to a senior official …

Prime Minister Narendra Modi is expected to aerially survey flood-hit Kerala on Saturday. More than 160 people have been killed and over 1.5 lakh moved to relief camps in the State. Mr. Modi also spoke to Kerala Chief Minister Pinarayi Vijayan on Friday and offered him all assistance. A high …

Hundreds of volunteers and fishworkers joined hands with teams of the armed forces, National Disaster Response Force, and State government agencies in a massive operation to rescue over 82,000 citizens from flooded locations in four districts on Friday. The rescue efforts which commenced at daybreak continued into the night. Helicopters …

Points to headwinds from elevated global crude prices and minimum support prices for kharif crops as reason. India Ratings and Research (Ind-Ra) has revised its FY19 economic growth forecast down to 7.2% from 7.4% earlier. It cited the headwinds emanating from elevated global crude oil prices and the government’s decision …

Ashok Leyland, the Hinduja Group’s flagship company, unveiled Innoline, a BS IV engine driven by an in-line fuel pump. “This is the latest innovation from Ashok Leyland for commercial vehicles,” said Vinod K. Dasari, managing director, Ashok Leyland. “This technology can be upgraded and used for BS VI engines as …

Tea growers see an opportunity to boost the competitiveness of Indian tea in the global market, riding on the rupee’s recent weakness. India’s tea exports remained flat at 46.8 million kg between April and June compared to a year earlier although prices increased marginally. Arijit Raha, secretary general, ITA concurred …

The National Payments Corporation of India (NPCI) has upgraded the unified payments interface (UPI) with enhanced security features and overdraft facilities. Unveiling the UPI 2.0 on Thursday, RBI Governor Urjit Patel said that the upgraded UPI was the result of the calibrated approach adopted by RBI in the initial years …

Reserve Bank of India (RBI) Governor Urjit Patel sees domestic growth impulses continuing to remain reasonably strong as the monsoon, which has been normal ‘so far’, augurs well for the farm sector, according to the minutes of the Monetary Policy Committee’s meeting earlier this month. “The manufacturing sector has continued …