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Tag: Unified Payments Interface (UPI)

Unified Lending Interface (ULI)

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Unified Lending Interface (ULI) The Reserve Bank is piloting an application for frictionless credit —Unified Lending Interface (ULI). It will be launched nationwide soon and will become the UPI on the credit side. Unified Lending Interface (ULI) Background In August 2023, the RBI initiated a pilot project for a public tech platform designed to streamline credit processes, aiming to reduce costs, expedite disbursements, and enhance scalability. Recently, RBI Governor proposed naming this platform the Unified Lending Interface (ULI). He expressed that, much like UPI revolutionized the payments ecosystem, ULI is expected to similarly transform the lending landscape in India. Need…

CURRENT AFFAIRS – 06/04/2024

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Contents CURRENT AFFAIRS – 06/04/2024Parliaments past, a mirror to changing dynamicsVenky’s pushing antibiotics as poultry growth promoterRBI to enable UPI for cash depositProstate cancer cases in India set to double by 2040Army inducts indigenous Akashteer systemCan states levy excise duty on industrial alcohol?CURRENT AFFAIRS – 06/04/2024 Parliaments past, a mirror to changing dynamics (General Studies- Paper II) Source : The Hindu The 17th Lok Sabha concluded its proceedings on a Saturday, deviating from its usual working schedule, prompting reflection on historical parallels and anticipation for the upcoming general election. Key Highlights Performance of Ministries: Reflecting on legislative activity, it’s evident…