The Central Bank of the UAE has approved RAKBANK to issue an AED stablecoin. | Credit: Photo by Tim de Waele/Getty Images. Key Takeaways RAKBANK has received in-principle approval from the CBUAE to issue a fully AED-backed stablecoin for payments. The approval signals growing momentum for regulated, private-sector digital finance in the UAE. Delays in … Read more
PM-Vidyalakshmi Scheme: Union Finance Minister Nirmala Sitharaman informed Lok Sabha that the recently introduced Prime Minister Vidyalakshmi scheme is scheduled to be implemented by February 2025. The PM-Vidyalaxmi scheme was approved by the Union Cabinet in November in a bid to provide financial assistance to talented students pursuing higher education in public and private institutions. … Read more
The PM-Vidyalaxmi scheme has been approved by the Union Cabinet to provide financial assistance to talented students pursuing higher education in public and private institutions. The initiative, announced on Wednesday, aims to offer education loans without the need for collateral or guarantors to students admitted to the top 860 Quality Higher Education Institutions (QHEIs) in … Read more