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FINANCIAL INCLUSION INDEX The Composite Financial Inclusion Index (FI-Index) for the year ended March 31, 2022, has been made public by the Reserve Bank of India. It has improved to 56.4 in March 2022 vis-à-vis 53.9 in March 2021, with growth witnessed across all the sub-indices. The improvement has been seen across all its sub-indices Access, Usage, and Equality. The index is published annually in July. About financial index The RBI created the composite financ

London Interbank Offered Rate (LIBOR)

London Interbank Offered Rate (LIBOR) (LIBOR) rose for the fourth straight session, rising roughly 2.5 basis points to 2.83229%, the highest since November 2008. What Is London Interbank Offered Rate (LIBOR)? It is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. It acts as a well-recognized important benchmark interest rate that represents the cost of borrowing for banks. It is administered by t

UDYAM PORTAL

UDYAM PORTAL According to the Union Minister of Micro, Small, and Medium Enterprises, over one crore Micro, Small, and Medium Enterprises (MSMEs) have registered on the Udyam portal in the past 25 months. What is the Udyam portal?? It was introduced on July 1st, 2020. The Union MSME ministry introduced an online mechanism for registering MSMEs. Additionally, it is connected to the databases of the Goods and Services Tax Network and the Central Board of Direct Taxes (CBDT).