NBFC-MFIs Proposal to Raise Household Income Limit for Micro Loans Subject: Economy Section: Monetary Policy The NBFC-MFIs (Non-Banking Finance Company – Microfinance Institutions) are urging the Reserve Bank of India (RBI) to reconsider the criteria for annual household income limits for providing microloans, citing the growing needs of individual borrowers. Here’s an overview […]

    Certification of Railway Stations as Eat Right Stations by FSSAI Subject: Schemes Objective: The Food Safety and Standards Authority of India (FSSAI) has certified nearly 150 railway stations across India as Eat Right Stations. This initiative is part of the Eat Right movement, aiming to ensure safe, hygienic, and nutritious food options in […]

    Revised Regulatory Framework for Bharat Bill Payment Systems (BBPS) Subject: Economy Section: Monetary Policy Objective: The Reserve Bank of India (RBI) has introduced a revised regulatory framework for BBPS to align with developments in the payments landscape. Effective from April 1, 2024, the new framework aims to streamline bill payment processes, enhance participation, […]

    Daily Prelims Notes 1 March 2024 Table Of Contents Revised Regulatory Framework for Bharat Bill Payment Systems (BBPS) Certification of Railway Stations as Eat Right Stations by FSSAI NBFC-MFIs Proposal to Raise Household Income Limit for Micro Loans SEBI asks small and mid-cap funds to disclose more about risks to investors Cabinet approves […]