pratiyogita darpan hindi Published this article page no Published this article page no 109 Regulatory Sandbox Regulatory Sandbox (RS) refers to live testing of new products or services in a controlledtest regulatory environment for which regulators may (or may not) permit certain regulatory relaxations for the limited purpose of the testing. o RS allows market participants to collect evidence on the benefits and risks of new financial innovations while carefully monitoring and containing their risks. Objective of the RS is to foster responsible innovation in financial services promote efficiency and bring benefit to consumers. Consumer Confidence Survey (CCS) It is conducted by the Reserve Bank of India (RBI). CCS seeks qualitative responses from households regarding their sentiments on the general economic situation employment scenario price level households income and spending which provides useful inputs for monetary policy. Inflation Expectations Survey of Households (IESH) Recently the Reserve Bank of India (RBI) announced the launch of the next round of IESH to capture inflation expectations and consumer confidence which provide useful inputs for its monetary policy. The survey aims at capturing subjective assessments on price movements and inflation of about 6000 households based on their individual consumption baskets across 18 cities. The survey seeks quantitative as well as qualitative responses from households. PAYMENT SYSTEMS AND FINANCIAL MARKETS 3.1. PAYMENT SYSTEMS 3.1.1. MICROFINANCE REGULATIONS Why in news? The RBI has proposed a new regulatory regime for microfinance with uniform set of guidelines for all lenders. About Microfinance Microfinance is a banking service provided to unemployed or lowincome individuals or groups to help them to work their way out of poverty by undertaking income generating activities pratiyogita darpan hindi buy.
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