Graduate Development Programme - GDP

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to permit banks to issue Rupay prepaid foreign exchange (forex) cards for Indians travelling abroad, said RBI Governor Shaktikanta Das. The decision is part of the internationalisation of the Rupay card.

A person or business that is unable to pay its debts is said to be insolvent. When a company's liabilities exceed its market worth or a debtor is unable to pay their debts, the situation is known as insolvency. Numerous circumstances that result in insufficient cash flow can cause a business to become insolvent.