Context: RBI has stated that overuse of crypto assets will, in turn, weaken the impact of monetary policy, aggravate fiscal risks, and deprive real economy activities of resources required to finance them. Crypto Assets & Cryptocurrency Crypto assets are assets issued or transferred using distributed ledger technology (DLT) or blockchain technology. They are a wide range of digital instruments that can represent value or ownership. Crypto assets include cryptocurrencies. Cryptocurrency (or virtual currency) is likely the most well-known type of crypto asset. Cryptocurrency is a digital currency or medium of exchange. It can be used To exchange for products or services, like fiat currency (such as Canadian dollars or US dollars) Highlights:

Crypto assets are assets issued or transferred using distributed ledger technology (DLT) or blockchain technology. They are a wide range of digital instruments that can represent value or ownership. Crypto assets include cryptocurrencies. Cryptocurrency (or virtual currency) is likely the most well-known type of crypto asset. Cryptocurrency is a digital currency or medium of exchange. It can be used To exchange for products or services, like fiat currency (such as Canadian dollars or US dollars)

Context: The Reserve Bank of India (RBI) on Monday reported that stress in the microfinance sector doubled during the April to September period, as bad loans double in H1FY25. Microfinance Microfinance provides financial services to individuals and SMEs that lack access to conventional banking facilities, such as microcredit, loans, savings, checking accounts, microinsurance, and payment systems. Stressed Assets These are loans that are classified as non-performing assets (NPAs) or special mention accounts (SMAs). Stressed assets include NPAs, restructured loans, and written off assets. They are a strong indicator of the health of the banking sector. P2P bad loans doubled: Report

These are loans that are classified as non-performing assets (NPAs) or special mention accounts (SMAs). Stressed assets include NPAs, restructured loans, and written off assets. They are a strong indicator of the health of the banking sector.

Microfinance provides financial services to individuals and SMEs that lack access to conventional banking facilities, such as microcredit, loans, savings, checking accounts, microinsurance, and payment systems.

Companies have invested ₹ 17,581 crore under the production linked incentive (PLI) scheme for specialty steel till October 2024, the government said on Monday. Production Linked Incentive (PLI) Scheme

Context: Health insurers disallowed ₹15,100 crore worth claims, or 12.9% of the total claims filed during fiscal 2023-24, according to data released by regulator IRDAI. Insurance Regulatory and Development Authority of India Insurance Regulatory Authority Report on Health Insurance in India

Context: RBI asks NPCI to build an infrastructure for online fund transfer systems. Key Highlights: RTGS or Real-Time Gross Settlement RTGS or Real-Time Gross Settlement is another electronic mode of payment that enables funds transfer from one bank account to another. In contrast to NEFT, RTGS settles transactions on a one-to-one basis immediately after the instruction is received.  National Electronic Funds Transfer NEFT or National Electronic Funds Transfer is an electronic payment system regulated by the Reserve Bank of India (RBI) that allows funds to be transferred between bank accounts across the country, following RBI guidelines. National Payments Corporation of Indi