General Awareness

BUSINESS AND ECONOMY - June 2021

Jun 2021

Jul 30, 2026

Axis Finance launches DRISHTI platform

Axis Finance Limited launched DRISHTI, an in‑house digital platform for retail and MSME lending. The platform aims to improve credit decisioning, underwriting efficiency, and risk oversight by combining statistical scorecards, digital workflows, and data‑driven insights for faster credit assessment. The first phase covers personal loans, business loans, loans against property, and Disha Home Loans. DRISHTI is designed to streamline operations, reduce turnaround times, and enhance governance. The launch reflects a broader trend of digital transformation in Indian finance, with lenders leveraging analytics to extend access to credit for small businesses and individuals.

DRISHTI is Axis Finance’s in‑house lending platform.
Targets retail and MSME lending with analytics.
Initial coverage includes personal, business, and property loans.
Aims to speed credit decisions and strengthen risk oversight.
Part of broader digital finance transformation in India.

Jul 29, 2026

RBI polymer banknote trials approved; ₹10 and ₹20 notes tested

On 27 July 2026, the Centre approved the Reserve Bank of India's proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations. The plan envisages issuing up to 1 billion notes of each denomination for the trials, and these polymer notes would circulate alongside existing paper currency during the testing period. The aim is to test durability, security features and public acceptance before any wider rollout. Government officials emphasise that there is no plan to replace paper currency in the near term. The RBI and the Finance Ministry will monitor logistics, costs and environmental impact, informing future currency strategy.

Centre approved RBI polymer note field trials for ₹10 and ₹20 notes.
Up to 1 billion notes of each denomination planned for trials.
Polymer notes to circulate alongside paper currency during testing.
No immediate replacement of paper currency anticipated.

Jul 23, 2026

EnKash launches UPI-based meal card for employees

EnKash, a business payments and spend management platform, launched India’s first meal card that supports UPI-based payments in July 2026. Employees can use their meal card balance by scanning eligible UPI QR codes at participating food and grocery merchants across the country. The service integrates with existing digital payments infrastructure to simplify expense management for employers and staff. The launch is part of a broader push toward digitization of employee benefits and reimbursement processes, potentially reducing administrative overhead and improving transparency in employee spending.

EnKash unveils India’s first UPI-enabled meal card.
Accessible at participating food and grocery merchants nationwide.
Balances are paid via UPI QR code payments.
Aims to simplify employee benefits and expense management.

Jul 22, 2026

APEDA–UAE food processing partnership aims to export linkages

The Andhra Pradesh Economic Development Board partnered with the UAE to establish an export-oriented food processing cluster. The initiative aims to create a direct value chain connecting agricultural production with international markets. Dubai-based Floor Masters International announced a ₹100-crore processing unit in Chittoor district to process agricultural commodities for global markets. The collaboration could boost technology transfer, cold-chain development, and regulatory alignment for exports, focusing on fruits, vegetables, and spice value chains. The cluster intends to integrate farmers with processors and exporters to raise competitiveness and direct market access for Indian produce.

APEDA–UAE partnership to create export-oriented food processing cluster.
₹100 crore processing unit by Floor Masters International in Chittoor (Dubai-based company).
Aims to connect agricultural production with international markets.
Focus on fruits, vegetables and spices; potential tech transfer and cold-chain development.
Intends strong farmer–processor–exporter linkages to boost competitiveness.

Jul 21, 2026

APEDA facilitates first Uttarakhand- Iraq frozen fries export

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the first export of frozen French fries from Uttarakhand to Iraq in July 2026. A total of 24 metric tonnes were shipped by Virun Global Trade Private Limited from Kashipur in Udham Singh Nagar district, marking a milestone for value-added agricultural exports from the hill state. The shipment reflects India’s expanding processed food export portfolio and highlights the role of regional producers in meeting growing Middle East and North African demand for packaged foods.

First export of Uttarakhand frozen fries to Iraq in July 2026.
24 metric tonnes shipped by Virun Global Trade Private Limited.
Export from Kashipur, Udham Singh Nagar district.
Boosts Uttarakhand’s value-added agricultural exports.

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