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The Reserve Bank of India Innovation Hub has partnered with Vivifi Finance for a pilot project to provide unsecured loans to gig workers, including cab and food delivery drivers. The project uses alternate data for loan underwriting and aims to integrate these workers into formal banking channels. Future plans include linking the system with the Unified Lending Interface.
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News and Media
The UK Labour government will end the tax exemption for private schools, introducing a 20% VAT on tuition fees from January 1. Expected to raise over 1.5 billion annually for public education, the funds will help recruit 6,500 new teachers and improve state school standards.
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Sakhi continues to craft rubabs, Afghanistan's national musical instrument, despite a Taliban ban on music. The Taliban's restrictions have led to the destruction of musical instruments and closure of music schools, threatening cultural heritage. Musicians like Sakhi try to preserve rubab traditions, hoping to pass them to future generations.
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News and Media
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