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Policy● mixedFinance Ministry seeks banks' inputs on AI tools for loan collection, assesses adoptionThe Finance Ministry has sought banks' feedback on AI-driven loan collection toolsBanksAIDigital lending
Policy● mixedOdisha govt to clear pension dues of over 20 lakh beneficiaries by October — Here's all we knowOdisha plans to clear pension dues for 20.33 lakh beneficiaries by OctoberMaharashtra
Policy▲ bullishCentre extending support to manufacturing to end dependency, says Finance MinisterGovernment is offering incentives to manufacturers seeking to reduce dependence on other countriesManufacturing
Leadership● mixedACC Approves Key Appointments: Anand Singh, Srikant Nagulapalli Get Finance Ministry PostsVipin Kumar was appointed Additional Secretary in the Department of Rural DevelopmentDinesh Pant
● mixedThai finance minister sees 2.5% growth next year on investment-led policiesFDICredit growthRepo rate
Policy● mixedGovernment never agreed to 5-day week for banks, say finmin sourcesBanksUnited Forum of Bank Unions
Policy● mixedFive-day banking week never up for negotiation, say govt sourcesBanksUnited Forum of Bank Unions
Policy● mixedFinance Ministry to talk to IBA to ensure MDR is not passed on to consumersFinance Ministry will ask IBA to ensure MDR is not passed on to consumersUPIIndian Banks’ Association
● mixedNepal seeks grants, not loans, for flood recovery after deadly glacier disasterNepalWorld BankUnited Nations
Policy● mixedMinistry of Finnace to engage with banks and traders to allay Merchant Discount Rate concernsFinance ministry plans consultations with banks and traders over MDR concernsBanksUPI
Policy▲ bullishEconomic Affairs Secretary underlines need for household savings to be channelled into India's financial systemEconomic Affairs Secretary Anuradha Thakur urged channelling household savings into India's financial systemAnuradha ThakurGlobal marketsEconomic growth
Policy● mixed16th Finance Commission formula gives excessive weight to GSDP than need: UP finance ministerUttar Pradesh Finance Minister Suresh Kumar Khanna said the formula gives excessive weight to GSDP over needGDPEconomic growthMaharashtra