Others News

RBI | Rs 2000 Notes to be Withdrawn from Circulation but Remain Legal Tender

Posted in Others on 19 May 2023
Rs.2000 Denomination BanknotesWithdrawal from Circulation; Will continue as Legal Tender ..

FM highlights investments via PLI schemes as top priority for economic growth

Posted in Others on 15 May 2023
Finance Minister Nirmala Sitharaman stressed the government’s priority to incentivise and encourage expenditures in India through production-linked incentive (P..

RBI directs banks to extend priority loans to GST-Exempted informal units with UAC

Posted in Others on 12 May 2023
RBI has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the GST regime or exempted fr..

RBI simplifies the application process for registration of Core Investment Companies

Posted in Others on 11 April 2023
The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make ..

More than 40.82 crore loans amounting to Rs. 23.2 lakh crore sanctioned under PMMY since inception

Posted in Others on 08 April 2023
MUDRA helped in generation of large-scale employment opportunities at grassroots level and also proved a game changer while boosting Indian economy: Finance Min..

RBI keeps repo rate unchanged at 6.5%

Posted in Others on 07 April 2023
Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent...

RBI appoints Shri Neeraj Nigam as new Executive Director

Posted in Others on 04 April 2023
The Reserve Bank of India (RBI) has appointed Shri Neeraj Nigam as Executive Director (ED) with effect from April 03, 2023...

No charges on bank account-to-account transaction in UPI

Posted in Others on 29 March 2023
National Payment Corporation of India (NPCI) via its official Twitter handle has issued a statement clarifying that there is no charge to customers. ..

Cabinet hikes Dearness Allowance by 4% for central government employees & pensioners

Posted in Others on 25 March 2023
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval to release an additional instalment of Dearness Allowance to C..

RBI directs banks to keep all branches open till 31st March for annual closing

Posted in Others on 23 March 2023
With the annual closing of accounts just 10 days away and the financial year 2022–23 coming to a close, the Reserve Bank of India (RBI) has directed all banks t..