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RBI okays licences for 32 payment aggregators

This is the first time RBI has released a list with “current application status” for all payment aggregators, saying it is in the interest of “greater transparency.” The list, the banking regulator said, would be updated every fortnight. The current status is as of February 15 and scrutiny of applications Continue Reading

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Diamond units cut capacity by 40%

“We do not know how the geopolitical tension will pan out in the coming days. Both the US and China are important markets for us,” said Vipul Shah, chairman of Gem & Jewellery Export Promotion Council (GJEPC). Tensions between the US and China flared in recent weeks with the US Continue Reading

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Commercial users rush to LPG as LNG prices pinch

Total LPG consumption in India amounted to 21,256 thousand metric tonnes from April-December 2022, up 1.8% from a year earlier, according to the oil ministry. The consumption by households, which comprise about 89% of total consumption, was up barely 0.3% year-on-year but sales to commercial users saw a surge. Packed Continue Reading

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Social Stock Exchange inches closer to its first listings

At least three leading charitable trusts are learnt to be in advanced talks with the National Stock Exchange (NSE) for a listing, said people with direct knowledge of the matter. The exchange, which received in-principle approval from the Securities and Exchange Board of India (Sebi) to launch the social stock Continue Reading

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Two lakh agriculture credit societies, fishery-dairy cooperatives to be set up

The ministry of cooperation has formulated a plan to establish viable PACS in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat/village and viable fishery cooperatives in each coastal panchayat/village as well as panchayat/ village having large water bodies, an official statement said.