Plea for biosphere reserve status to Mahendragiri
Bhubaneswar: A consultation workshop on ‘Integrated Development of Mahendragiri Hill Complex’ was organised by the Odisha Environmental Society in association with Mahendragiri Surakshya Samiti here Sunday.
In the workshop, the experts demanded for a biosphere reserve status to Mahendragiri Hill Complex on the Eastern Ghats in Gajapati district.
Jaya Krushna Panigrahi secretary of OES said that the forest ecosystem at Mahendragiri was dense and inaccessible in the past.
Mahendragiri Surakhya Samiti president, Laxmi Baba, said that the flora and fauna of Mahendragiri hill complex represents Himalayan as well as peninsular Deccan Plateau species. Mahendragiri hill complex is the natural habitat of the tribes including the primitive Lanjia saura, Sudha saura and Bhima saura. The other tribes include Kondh, Gond, Santal and Kolh.
Payday lending may finally see some regulation as RBI sets up panel
Payday lending needed some rules, especially around terms of interest rates charged, industry insiders say. Now that the RBI has set up a committee, some action can be expected.
RBI | Representative Image.
Payday lending may soon see some regulatory action, industry insiders say, as some of these firms have been in the news for coercive collections, high-interest rates and fraudulent business practices.
“There could be some guidelines around payday lending, now that the central bank has formed a committee to look into the digital lending space,” said a founder of a fintech lending startup.
Reserve Bank of India (RBI) has set up a Working Group to study all aspects of digital lending activities in the regulated financial sector as well as by unregu
RBI forms working group on digital lending through online platforms, mobile apps [Hindustan Times, New Delhi]
Jan. 13 The Reserve Bank of India has constituted a working group (WG) on digital lending, including lending through online platforms and mobile applications, to study all its aspects in the regulated financial sector and lending by unregulated players, the central bank said in a statement on Wednesday.
The working group has been set up against the backdrop of recent spurt and popularity of online lending platforms and mobile lending apps, which the bank said has raised certain serious concerns which have wider systemic implications.
RBI sets up panel to suggest regulations on digital lending
The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same
BusinessToday.In | January 14, 2021 | Updated 20:08 IST
Reserve Bank of India has formed a working group to suggest ways to efficiently regulate the booming digital lending space. The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same. Digital lending has the potential to make access to financial products and services more fair, efficient and inclusive. While penetration of digital methods in the financial sector is a welcome development, the benefits and certain downside risks are often interwoven in such endeavours. A balanced approach needs to be followed so that the regulatory framework supports innovation while ensuring data security, priv