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Coal Gasification, Liquefaction Of 100 Metric Tonne To Be Set Up By 2030: FM

Published: February 1, 2024

The decision is a significant step as it helps reduce import of chemicals, which can be derived through coal gasification.

Source: india.com

Fiscal Deficit For FY25 Pegged At 5.1 Pc Of GDP Against 5.8 Pc In Current Fiscal: FM

Published: February 1, 2024

Finance Minister Nirmala Sitharaman informed that the fiscal deficit in FY24 is expected at 5.8 per cent of GDP, down from 5.9 per cent estimated earlier.

Source: india.com

rbi: Banks disburse Rs 1,400 cr of loans under frictionless credit platform: RBI ED

Published: October 19, 2023

Banks in India have disbursed over Rs 1,400 crore ($190 million) in loans through the 'frictionless credit' platform since its launch in August, according to a senior Reserve Bank of India official. The platform allows lenders to quickly disburse retail loans, such as those to agriculturists, by aggregating borrower information from multiple sources. The official also mentioned that around 20,000 central bank digital currency transactions are taking place daily. The RBI is piloting the scheme and expects it to have great prospects in the future, with reduced operational costs for lenders.

Source: indiatimes.com