Question
What was the previous threshold for mandatory use of
RBI’s e-Kuber platform for government payments before it was revised to ₹75 crore?Solution
Prior to the updated guideline that sets the new threshold at ₹75 crore, the RBI required government departments to process payments only above ₹500 crore through the e-Kuber platform. Lowering this threshold demonstrates the government’s intent to tighten financial controls and introduce more transparency in large-scale public disbursements across infrastructure, defense, and welfare sectors.
How many accounts were opened under the Jan Dhan Yojana as of August 2024?
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CAAT stands for _________
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1) ULIPs are a type of life insurance plan that combi...
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