- The GSTN was included in the FIP list by the RBI under the Account Aggregator (AA) framework.
- The primary objective of this inclusion is to facilitate cash flow-based lending to the MSME sector.
- The RBI said that for this purpose, the GSTN shall be regulated by the Department of Revenue, Ministry of Finance.
- An Account Aggregator (AA) is a licensed Non-Banking Financial Company (NBFC) that enables the instant exchange of financial data between Financial Information Providers (FIPs) and Financial Information Users (FIUs).
- The RBI is India’s central bank, established in 1935 under the Reserve Bank of India Act, of 1934. It has its headquarters in Mumbai. The current Governor of the bank is Shaktikanta Das.
Question:
Q.1 Recently the Reserve Bank of India (RBI) included _____ in the Financial Information Providers (FIPs) list.a. BEE
b. ASSOCHAM
c. GSTN
d. SEWA
