RECYCLING OF WASTE ''A NEED AND BUSINESS OPPORTUNITY FOR BANKS ''
BANKING FINANCE|August 2021
Introduction: On 2nd October 2014 'Swachh Bharat Mission was launched through the length and breadth of the country as a National Movement to clean up the streets, roads, and infrastructure of cities, towns, and rural areas.
Mohit Mishra
RECYCLING OF WASTE ''A NEED AND BUSINESS OPPORTUNITY FOR BANKS ''

The aim of the mission was to achieve the Vision of a Clean India by 2nd October 2019, as a clean India would be the best tribute India could pay to our Father of the Nation 'Mahatma Gandhi' on his 150th birth anniversary.

The program Swachh Bharat Abhiyan was successfully led by our Prime minister Mr. Narendra Modi and has become a 'Jan Andolan' receiving tremendous support from the citizens. In spite of that much more effort are required to criminate or dump the garbage originating from many sources, some of them are difficult to dump those can be recycled and used further, it is very important as waste has a huge negative impact on the environment. Harmful chemicals and greenhouse gases are released from various waste materials. Recycling will help to reduce the pollution caused by waste materials.

Recycling is the process of converting waste material into new reusable material or objects that can prevent the waste of potentiality, useful material and reduce the consumption of fresh raw material so that the rainforest can be preserved, thereby reducing air and water pollution and conservation of energy.

This story is from the August 2021 edition of BANKING FINANCE.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the August 2021 edition of BANKING FINANCE.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BANKING FINANCEView All
Insolvency's Group Tangle
BANKING FINANCE

Insolvency's Group Tangle

The Insolvency and Bankruptcy Code (IBC) has been around for nearly seven years, and in these seven years, it has been amended six times. However, it is yet to address a significant concern: group insolvencies.

time-read
4 mins  |
February 2024
Why mot retirees don't find refuge in reverse mortgage
BANKING FINANCE

Why mot retirees don't find refuge in reverse mortgage

It would be the deal of the century, or so Andre-Francois Raffray could have thought. The Frenchman had in December 1965 stuck a deal with 90-year-old Jeanne Calment to pay her 2,500 francs every month until she died.

time-read
5 mins  |
February 2024
The rise and rise of mutual funds
BANKING FINANCE

The rise and rise of mutual funds

It is curious that the cake cutting and champagne popping that accompanied the Nifty's new lifetime high in recent weeks, was not in evidence when the mutual fund industry topped Rs. 50 lakh crore in assets.

time-read
4 mins  |
February 2024
UNSECURED RETAIL LENDING IN INDIA + CAPTURING EMERGING TRENDS
BANKING FINANCE

UNSECURED RETAIL LENDING IN INDIA + CAPTURING EMERGING TRENDS

Abstract: In recent times, RBI has been vocal about the high growth rate of unsecured retail credit in India as compared to the overall credit growth in the country. The RBI has termed the unsecured retail credit an outlier segment\" as far as its growth rate is concerned and has drawn the attention of banks and NBFCs in this regard. As part of regulatory intervention, RBI has also increased the risk weights associated with unsecured credit exposure of banks and NBFCs. Post this development, the banking fraternity has been divided in their understanding of the ground realities. On one hand, there is a school of thought which feels that the recent surges in the unsecured retail lending in India is backed by solid macros. Whereas, others feel that the more than expected upsurge is a sign of incipient stress and might pose systemic risk, if not dealt with an iron hand.

time-read
10 mins  |
February 2024
TRANSFORMING BANKING THROUGH ARTIFICIAL INTELLIGENCE
BANKING FINANCE

TRANSFORMING BANKING THROUGH ARTIFICIAL INTELLIGENCE

The transformation of banking through artificial intelligence (AI) has been a significant and ongoing trend, with numerous implications for customer experience, operational efficiency, risk management, and more.

time-read
2 mins  |
February 2024
NEED FOR CORRUPTION FREE BANKING IN INDIA
BANKING FINANCE

NEED FOR CORRUPTION FREE BANKING IN INDIA

Introduction: Corruption is dishonest behaviour or abuse of entrusted power for private gain. It starts with the tendency of using public office for some personal benefit, implies the failure of ethics and erodes trust, weakens democracy, hampers economic development, undermines democratic institutions slows economic development, contributes to governmental instability and further exacerbates inequality, poverty, social division and the environmental crisis. Corruption is a complex social, political and economic phenomenon that affects all civilisations and attacks the foundation of democratic institutions by distorting electoral processes, perverting the rule of law and creating bureaucratic quagmires whose only reason for existing is the soliciting of bribes. Economic development is stunted because foreign direct investment is discouraged and small businesses within the country often find it impossible to overcome the \"start-up costs\" required because of corruption.

time-read
3 mins  |
February 2024
FROM RUPEE TO DIGITAL CURRENCY: UPI AND CBDC IN INDIA
BANKING FINANCE

FROM RUPEE TO DIGITAL CURRENCY: UPI AND CBDC IN INDIA

India's remarkable digital transformation has been driven by innovative financial technologies and a vision for an inclusive, cashless economy. Two significant milestones in this journey are the Unified Payments

time-read
4 mins  |
February 2024
EMPOWERING THE DIGITAL JOURNEY: THE CRUCIAL ROLE OF STRAIGHT-THROUGH PROCESSING (STP) IN BANKING
BANKING FINANCE

EMPOWERING THE DIGITAL JOURNEY: THE CRUCIAL ROLE OF STRAIGHT-THROUGH PROCESSING (STP) IN BANKING

In the ever-evolving landscape of banking and financial services, the digital revolution is reshaping industries and redefining customer expectations. As banks embark on their digital journeys to meet these changing demands, the implementation of Straight-Through Processing (STP) has emerged as a cornerstone strategy for success. STP not only streamlines internal operations but also plays a pivotal role in enhancing customer experiences, reducing costs, and fortifying the foundation for a seamless digital future.

time-read
3 mins  |
February 2024
'DIGITAL BANK' - LICENSING AND REGULATORY FRAMEWORK IN INDIA AND WAY FORWARD
BANKING FINANCE

'DIGITAL BANK' - LICENSING AND REGULATORY FRAMEWORK IN INDIA AND WAY FORWARD

Last 6 to 8 years have seen rapid development in 'Digital bank' across the world, and China is no exception. Digital banks have an entirely branchless digital service and the need for physical branches is replaced by non-stop, 24/7 customer service and automated systems.

time-read
8 mins  |
February 2024
CONCENTRATION: THE NAUGHTY MONKEY
BANKING FINANCE

CONCENTRATION: THE NAUGHTY MONKEY

Maintaining mental focus can be quite challenging, especially with the constant distractions we encounter on a daily basis. In today's interconnected world, it is incredibly easy to get sidetracked by notifications from social media or the latest news updates. However, having strong mental focus is vital for achieving success. The ability to concentrate on a task at hand is essential for learning, accomplishing goals, and performing well in various situations.

time-read
4 mins  |
February 2024