12 February, 2020
3 Min Read
Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Prelims and Mains focus: about the functions and eligibility criteria for setting up of NUEs; other guidelines issued by RBI
News: The Reserve Bank of India (RBI) has proposed to set up a new pan-India new umbrella entity (NUE) or entities focussing on retail payment systems with a minimum paid-up capital of Rs 500 crore.
Functions of the new entity
Eligibility criteria to apply as promoter/promoter group
Regulations for setting up of NUEs
Source: Indian Express
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