As RuPay on UPI faces some roadblocks, NPCI explores corrective options Subject :Economy Section: Monetary policy  The National Payments Corporation of India (NPCI) is working on strategies to promote payments through RuPay credit cards linked to UPI (Unified Payments Interface). This initiative aims to boost the acceptance of RuPay credit cards on the […]

    Indian banks’ NPAs to drop to 3.5%, net interest margin to 2.9% by FY25: S&P Global Subject: Economy Section: Monetary policy  NPA Projections: S&P Global projects Indian banks’ nonperforming assets (NPAs) to drop to 5% by FY 2023–24 and further to 3.5% by FY 2024–25. Anticipates a decline in weak loans to 5% of […]

    Measures to address concerns over the growth of unsecured retail loans Subject :Economy Section: Monetary policy  The Reserve Bank of India (RBI) has taken measures to address concerns over rising systemic risks associated with the growth of unsecured retail loans. Increased Risk Weights: Risk weights on unsecured consumer loans, including credit cards, have […]

    Efforts to Stop Coal Imports by FY26: Key Points Subject :Economy Section: External Sector Objective: The Ministry of Coal is actively working to cease coal imports by the fiscal year 2025-26. Comprehensive Approach: Various measures are being undertaken, including the enhancement of production from commercial and captive mines, to achieve the goal of […]

    2nd National Spice Conference (NSC) in Hyderabad Subject : Economy Section: External Sector Organizers: The World Spice Organization (WSO) is hosting the 2nd National Spice Conference as the technical partner of the All India Spices Exporters Forum (AISEF). Dates: The conference is scheduled to take place on November 18 and 19. Objective: The […]