Fairfax India Holdings Corporation announced its commitment to provide liquidity support worth $200 million to the company, amidst the Reserve Bank of India's (RBI) ban on issuing gold loans.
The central bank’s focus on states with good fiscal management records while giving more than a free pass to delinquent industries and the Centre is counter-productive.
At present, the UPI transaction limit, excluding capital markets, collection, retail direct scheme and IPO (initial public offering) subscription, has been capped at ₹1 lakh.