Banking Awareness Archive
The Economic Survey for 2017-18 expects the GDP growth to be 7-7.5% in 2018-19 compared to the 6.75% estimated for 2017-18. It projects India to retain the tag ‘the fastest growing major world economy’. At the same
Pradhan Mantri Mudra Yojana (PMMY) is a scheme announced by Central Government for ensuring loans to enterprises in manufacturing, trading and service sectors whose credit needs are below Rs.10L. Farm income generating activities are excluded from the
NHB Residex is a benchmark that measures the price changes of residential housing in Indian cities. A House Price Index (HPI) basically tracks housing price indicators in a city or state or country. NHB Residex and National
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 was enacted to meet the long standing demand from entrepreneurs and small industry associations. This was the first and single comprehensive legislation for micro, small and medium enterprises.
Consequent to the withdrawal legal tender status of Rs. 500 and Rs. 1000 notes, RBI has provided various instructions to banks for strict compliance. Details as to how banks are ensuring such instructions are compiled and provide
Government of India, on 8 November 2016 announced withdrawal of legal tender status of Rs. 500 and Rs.1000 bank notes. The term Specified Bank Notes (SBN) is being used to refer the said currency notes. The demonetisation