FSS partners with UAE’s first digital banking platform

Chennai: Integrated payments technology company FSS (Financial Software and Systems) has partnered with the United Arab Emirates-based YAP, a digital banking platform, to deliver secure, digital first-card experiences to consumers in the Middle-East and African regions. Under the partnership, YAP and FSS would work to deliver greater value to customers by combining the FSS Unified […]

Collection efficiency ratio of MFIs at comfortable level: Official

Kolkata: Collection efficiency ratio of the microfinance sector is comfortable at 90-95 per cent and there has been no impact on recoveries despite the current Covid surge, a senior official said on Thursday. The collection efficiency ratio of the sector is much better than other financial instruments, Chief Executive Officer of the Microfinance Institutions Network […]

HC asks Centre to respond to plea challenging mandatory BIS licence for manufacturing PVC pipes

New Delhi: The Delhi High Court Thursday sought the Centre’s reply on a plea seeking direction to quash the Lead Stabilizer in Polyvinyl Chloride Pipes and Fittings Rules, 2021′ which mandate obtaining licence from the Bureau of Indian Standards for manufacturing PVC pipes and to have the BIS Standard Mark’ on them. A bench of […]

Rupee slips 7 paise to end at 74.51 against USD

Mumbai: The Indian rupee weakened by 7 paise to close at 74.51 against the US dollar on Thursday as sustained foreign fund outflows and rising crude oil prices hurt forex market sentiment. Further, massive sell-offs in domestic equities for a third session in a row on Thursday too made investors more cautious, analysts said. At […]

Fin Min asks ministries to restrict expenses within prescribed limit

NEW DELHI: In a bid to maintain fiscal deficit within the targeted limit, the finance ministry has asked ministries and departments to restrict their expenses with the revised estimates. The communication comes ahead of the Union Budget 2022-23, likely to be unveiled on February 1. In an office memorandum seeking proposals for the third and […]

Cocoon rearing emerges main subsidiary occupation of women farmers in Udhampur district

5000 families earn Rs 4.49 crore this year UDHAMPUR: Sericulture is the oldest Agro based labour intensive & commercially attractive economic Industry. It provides Income & employment to rural people especially farmers with small and marginal land holdings. It is a subsidiary occupation and more than 5000 families especially women are associated with it in […]

Experts from India, Israel suggested expanding scope of India-Israel Industrial R&D and Technological Innovation Fund

New Delhi: Experts from India and Israel deliberated on widening the scope of India-Israel Industrial R&D and Technological Innovation Fund (I4F) at its 8th Governing Body meeting. They approved 3 joint R&D projects worth 5.5 million $ and suggested measures to create a broader India-Israel collaborative ecosystem. The I4F programme has a lot of potentials. […]

GoI Cabinet approves infusion of Rs.1,500 crore in Indian Renewable Energy Development Agency Limited)

New Delhi: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi, today approved the equity infusion of Rs.1500 crore in Indian Renewable Energy Development Agency Limited (IREDA). This equity infusion will help in employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million Tonnes CO2/year. […]

India , Denmark agree to work together on green fuels including green hydrogen

New Delhi: India & Denmark agreed to initiate joint research and development on green fuels including green hydrogen, during the Joint S&T Committee meeting. The Joint Committee discussed national strategic priorities and developments in Science, Technology, and Innovation of both countries with a special focus on green solutions of the future – strategy for investments […]

Cocoon rearing emerges main subsidiary occupation of women farmers in Udhampur district

5000 families earn Rs 4.49 crore this year UDHAMPUR: Sericulture is the oldest Agro based labour intensive & commercially attractive economic Industry. It provides Income & employment to rural people especially farmers with small and marginal land holdings. It is a subsidiary occupation and more than 5000 families especially women are associated with it in […]