Algorithm and Model based lending
Reserve bank of India Governor Shakitkanta Das has cautioned banks and NBFCâ€™s against being over reliant on algorithms and model-based credit appraisal and lending, especially at the time when increased collaboration with FinTech is facilitating the introduction products and services.
posted by 23rd Nov 2023
Even though CPI Inflation has been projected at 5.4% for 2023-34 by monetary policy committee a moderation from 6.7% in 2022-23, headline inflation remains vulnerable to recurring and overlapping reserve Bank of India Governor Said in Tokyo.
posted by 10th Nov 2023
Pointing out that tax evasion is enabling billionaires to enjoy effective tax rates equivalent to 0% to 0.5% of their wealth, the European Union Tax observatory in its â€˜Global Tax Evasion Report 2024â€™ has called for a minimum tax on billionaires equal to 2% of their wealth. This would both address evasion and â€œgenerate nearly $250 billion from less than 3,000 individualsâ€, the report stated.
posted by 23rd Oct 2023
Finance Minister Nirmala Sitharaman hinted on Thursday, and said the government is open to introducing a production-linked incentive (PLI) scheme for investments in the chemicals and petrochemicals sectors.
posted by 28th Jul 2023
NEW ACCOUNT SETTLEMENT SYSTEM
The new account settlement mechanism for the stock brokerage business will go into effect on October 1.
posted by V.P.Nimbalkar 23rd Sep 2022