Former Reserve Bank of India (RBI) Governor, Raghuram Rajan, has raised critical questions about the efficacy and costs associated with the Production-Linked Incentive (PLI) scheme, urging the government to release comprehensive data for public scrutiny....
Tag : Reserve Bank of India
Modi Government’s Controversial Move: Massive Write-Off of 10.6 Lakh Crore Benefits Big Industrialists
In the last five years, Indian banks have written off approximately ₹10.6 lakh crore, with nearly 50% of the amount linked to large corporate entities, according to a government announcement in the Lok Sabha. Minister...
RBI raises risk weight on consumer credit. Bad news for NBFCs Like Bajaj Finance & Tata capital etc.
The Reserve Bank of India (RBI) made a significant announcement last week, signaling a revision in the risk weight assigned to consumer credit exposure for commercial banks and non-banking finance companies (NBFCs). This adjustment, elevating...
RBI Takes Action Against Bajaj Finance: Loan Stopped Over Digital Lending Guidelines neglected
On November 15, 2023, the Reserve Bank of India (RBI) took a decisive step by instructing Bajaj Finance to immediately halt the approval and disbursement of loans under its two lending products – eCOM and...
In the run-up to the eagerly anticipated assembly elections in Madhya Pradesh, a political storm has erupted following the circulation of a disturbing video on social media. The footage purportedly features Devendra Pratap Singh Tomar,...