Union Minister of State for Skill Development and Entrepreneurship and Electronics and IT Rajeev Chandrasekhar today held Digital India Dialogues on the Principles of the Digital India Act […]
The Governor observed that inflation is above the target and given its current level, the present policy rate can still be regarded as accommodative […]
The Reserve Bank of India (RBI) granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as an ‘Investment and Credit Company (ICC)’. […]
The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in Indian Rupee vide A.P (DIR Series) Circular No. 10 RBI/2022-2023/90 dated 11.07.2022 on “International Trade Settlement in Indian Rupees (INR)”. […]
Prompt and adequate measures by the Government of India and the Reserve Bank of India (RBI) have reined in the rise in inflation and brought it within the Central Bank’s tolerance limit […]
As an another step towards Ease of Doing Business RBI has modified the Overseas investment rules and regulations notified […]
In terms of Government of India Notification No.4(6)-B(W&M)/2022 dated June 15, 2022, Sovereign Gold Bonds 2022-23 (Series I) will be opened for subscription during the period June 20-24, 2022 with Settlement date June 28, 2022. […]
The government of India (GoI) has announced the Sale (Issue/re-issue) of (i) ‘New Government Security 2024’ for a notified amount of `4,000 crores (nominal) through yield-based auction using a uniform price method; (ii) ‘‘7.10% Government Security 2029’ for a notified amount of `7,000 crores (nominal) through price based auction using uniform price method; (iii) ‘6.54% Government Security, 2032’ for a notified amount of `13,000 crores (nominal) through price based auction using uniform price method; and (iv) ‘6.95% Government Security 2061’ for a notified amount of `9,000 crores (nominal) through price based auction using multiple price method. […]
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds in tranches […]
Retains GDP growth forecast at 7.2%, Inflation projected at 6.7% during FY 2022-23; Credit Cards, beginning with RuPay card can be linked with UPI […]
PM addresses depositors in a bank deposit insurance programme in Delhi
“In the last few days, more than one lakh depositors have got their money back that was stuck for years. This amount is more than Rs 1300 crore”.
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Reserve Bank of India (RBI), the total amount of unclaimed deposits of Scheduled Commercial Banks (SCBs) was Rs. 24,356 crore, as of 31.12.2020. […]
RBI Monetary Policy Committee keeps Repo rate unchanged at 4%; Economy projected to grow at 9.5% in 2021-22; Rs. 15,000 crore liquidity support to contact-intensive sectors like hotels, tourism, etc. […]
The RBI Governor Shri Shaktikanta Das today announced a series of measures to support the nation’s fight against the second wave of COVID-19 infections. […]
Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1.5 lakh crore as of 18th August, 2020, of which more than Rs 1 lakh crore has already been disbursed. […]
In terms of Government of India Notification No.4(4)-B/(W&M)/2020 dated April 13, 2020, Sovereign Gold Bonds 2020-21 (Series V) will be opened for the period August 03-07, 2020 with Settlement date August 11, 2020. The issue price of the Bond during the subscription period shall be `5,334 (Rupees Five thousand Three hundred thirty four only) – per gram, as also published by RBI in their Press Release dated July 31, 2020. […]
The Government of India (GoI) has announced the Sale (Re-issue) of (i) ‘5.22% Government Stock, 2025’ for a notified amount of Rs 12,000 crore (nominal) through price based auction, (ii) ‘6.19 percent Government Stock, 2034’ for a notified amount of Rs 11,000 crore (nominal) through price based auction, and (iii) ‘7.16 per cent Government Stock, 2050’ for a notified amount of Rs 7,000 crore (nominal) through price based auction. […]
With a view to improving the liquidity position of NBFCs as well as HFCs, the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharamanhad announced on 13th March 2020, launch of a Special Liquidity Scheme of Rs. 30,000 crore. […]
In pursuance of the commitment to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. […]
Minister of MSME, Shri Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. […]
Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting […]
RBI Governor Shri Shaktikanta Das today reduced repo rate by 40 basis points from 4.4% to 4.0% […]
RBI announces nine additional measures for strengthening the Economy
Cuts interest rates, extends moratorium by another 3 months
Exporters and Importers get More Liquidity
Domestic Economy to contract in 2020-21, revive gradually in the second half: RBI Governor […]
Governor, Reserve Bank of India held meetings with the MD/CEOs of major public and private sector banks today in two separate sessions through video conference. […]
Reserve Bank had extended the window timings of Fixed Rate Reverse Repo and MSF operations. In view of the continuing […]
NEW DELHI: Feb-17: Nearly Rs.60,000 crores value bank fraud. This information was revealed by the Reserve Bank of India for […]
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