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In a major development, the Goods and Services Tax network (GSTN) has been included to the account aggregator (AA) network as a financial information provider (FIP) to facilitate cash flow lending to the micro, small, and medium enterprises (MSMEs) This would give financial institutions access to data regarding small businesses, which would help them to extend loans to such businesses. Learn Along: GSTN, short for Goods and Service Tax Network, is a non-profit non-government company. It provides shared IT infrastructure and service to both central and state governments including taxpayers and other stakeholders. The registration Front end services, Returns, and payments to all taxpayers will be provided by GSTN. Account Aggregator Framework: It is a framework for data sharing between financial institutions like banks, pension funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use technology for simple and secure exchange of the data between the institutions. With AAs, financial data can be used to access a vast array of financial services for your personal or business needs. Financial Information Providers (FIPs) are institutions that function as stewards of user data. These are the banks, mutual funds, pension funds, etc. that represent the ‘source’ of personal or business data which Financial Information User (FIUs) can access via requests through an Account Aggregator. Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and processing of goods and commodities. The concept of MSME was first introduced by the government of India through the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. Micro - Investment less than Rs. 1 crore or Turnover less than Rs. 5 crore Small - Investment less than Rs. 10 crore or Turnover up to Rs. 50 crore Medium - Investment less than Rs. 50 crore or Turnover up to Rs. 250 crore
Select the option that expresses the given sentence in passive voice.
The team completed the project ahead of schedule, exceeding the cl...
Choose the option that is the passive form of the sentence.
They need 104 more runs to win the match.
Select the correct Active Voice form of the given sentence.
The charger should be disconnected when the phone is in use.
They claim to have seen the robber in several cities.
Select the correct active form of the given sentence.
I am being devoured by curiosity.
The sentence has been given in Active/Passive Voice. Change the voice to Passive/Active.
Diksha knows this address
The problem is that there is no good way to_________data from the hundreds of millions of establishments.
Select the correct active form of the given sentence.
He will surely be elected by the people in the next elections.
Select the correct passive form of the given sentence.
Animals cannot make tools.