India’s current account slips into deficit in Q2 of FY22: Basics Explained

India’s current account slipped into a deficit of $9.6 billion, or 1.3 percent of the gross domestic product (GDP) in the second quarter of the ongoing fiscal, the Reserve Bank of India said . The current account records the value…

RBI norms for online card transactions from January 1: Basics Explained

The Reserve Bank of India has told e-commerce companies that they will not be allowed to save card information on their websites from January 1. Aimed to improve data security  and users will have to re-enter credit or debit card…

RBI Refuses to Relax Asset Classification for NBFCs: Basics Explained

The Reserve Bank of India  has turned down the request of non-banking financial companies (NBFC) to relax asset classification and provisioning norms. RBI has turned down a plea by non-banking finance companies (NBFCs) for the easing of norms on income…

Indian Bio-Jet Fuel technology receives formal military certification: Basics Explained

CSIR-IIP Dehradun’s home-grown technology to produce bio-jet fuel has been formally approved for use on military aircraft of the Indian Air Force (IAF). The technology, developed by the Indian Institute of Petroleum (CSIR-IIP), a constituent laboratory of the Council of…