Bharat Maritime Insurance Pool (BMIP)
Source: PIB Background & Concept What is the Bharat Maritime Insurance Pool (BMIP)? The Bharat Maritime Insurance Pool (BMIP) is a domestic, sovereign-backed maritime insurance pool designed to provide comprehensive insurance coverage to…
Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026
Context: The Ministry of Finance (MoF) officially notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026 on May 2, 2026. This move formalizes the legislative changes introduced by the Sabka Bima Sabki Raksha…
Past Risk and Return Verification Agency (PaRRVA)
Source: News on Air Context: The operationalization of the Past Risk and Return Verification Agency (PaRRVA) by SEBI is a landmark move to curb “performance puffery” in the Indian financial markets. By creating an independent auditor for…
Urban Co-operative Banks (UCBs)
Source: News on Air Context: The Reserve Bank of India’s (RBI) finalization of lending norms for Urban Co-operative Banks (UCBs) marks a significant regulatory milestone aimed at strengthening the cooperative banking sector. By providing a clear,…
PRAVAAH Portal
Context: The RBI’s introduction of the Type I Deregistration Framework and the PRAVAAH Portal represents a strategic shift toward “proportional regulation.” By allowing small, private investment vehicles to exit the regulatory net, the RBI is…
E-PRAAPTI
Context: The launch of E-PRAAPTI by the EPFO is a major step toward financial inclusion and digital transparency. By using Aadhaar as a “universal key,” the portal aims to unlock billions of rupees currently sitting idle in the…
India Post Payments Bank (IPPB) Launches SHG Savings Account
Source: PIB Context: The launch of the Self Help Group (SHG) Savings Account by the India Post Payments Bank (IPPB) is a strategic move to deepen financial inclusion in rural India. By removing the traditional hurdles of paperwork, high fees, and…
MobiKwik’s NBFC license
Source: TH Context: The approval of MobiKwik’s NBFC license in April 2026 marks a strategic shift for the fintech giant, moving it from a “credit distributor” to a “direct lender.” By establishing its wholly-owned subsidiary,…
Index of Industrial Production (IIP): March 2026
Source: PIB Context: Context: Data released by the Ministry of Statistics and Programme Implementation (MoSPI) shows a slowdown in manufacturing and construction, though the capital goods sector reached a 29-month high. The Composition of IIP For NABARD…
PLI onboarded on Bharat Connect
Source: BL Context: The integration of Postal Life Insurance (PLI) onto the Bharat Connect platform marks a major milestone in digital financial inclusion, especially for rural and semi-urban populations who rely on India Post for their financial…