Others News

No Proposal to Impose Fees on UPI: Finance Ministry Reaffirms in Lok Sabha

20 August 2025 at 09:10

The Finance Ministry told Parliament there is no proposal to impose fees on UPI transactions, easing concerns after RBI Governor Sanjay Malhotra's comments sparked speculation about charges on UPI transactions.

Posted in Others | 1194 Views

RBI guidelines ensure multilingual customer communication and a quicker grievance redressal by banks

13 August 2025 at 08:47

The Reserve Bank of India (RBI) mandates banks to communicate with customers in Hindi, English and the regional language, ensuring clarity and accessibility.

Posted in Others | 351 Views

MSMEs to Benefit from Faster Credit Flow via RBI's Unified Lending Interface

09 August 2025 at 09:03

Government boosts MSME growth with enhanced credit schemes, SRI Fund, and SAMADHAAN portal; RBI's Unified Lending Interface promises faster, simpler loans for small businesses.

Posted in Others | 129 Views

Ministry of Finance Appoints Solomon Arokiaraj as Member of IFSCA Authority

08 August 2025 at 08:42

The Ministry of Finance has notified the appointment of Mr. Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, as a Member of the International Financial Services Centres Authority (IFSCA).

Posted in Others | 222 Views

India Boosts Digital Transactions: RuPay, UPI Incentives & Cyber-Security Measures Announced

05 August 2025 at 08:43

The Government, Reserve Bank of India (RBI) and National Payment Corporation of India (NPCI) have been taking up various initiatives to promote digital payment transactions.

Posted in Others | 204 Views

RBI Says 98.31% of Rs 2000 Notes Returned to Banks as of July 31, 2025

02 August 2025 at 08:50

RBI reports that RS 2000 banknotes in circulation have declined from Rs 3.56 lakh crore to Rs 6,017 crore as of July 31, 2025 marking a 98.31% return rate. Rs 2000 notes remain legal tender.

Posted in Others | 132 Views

Centre Notifies Concessional Guarantee Fee for Borrowings by Infrastructure Bank from Global Institutions

31 July 2025 at 09:11

The Ministry of Finance has notified a 0.1% concessional government guarantee fee for NaBFID borrowings from multilateral and foreign institutions, boosting access to low-cost funds for infrastructure development.

Posted in Others | 369 Views

Finance Ministry Denies Inactive PM Jan Dhan Yojana Account Closure Directive

09 July 2025 at 08:56

Ministry of Finance, has strongly refuted media reports suggesting that it has instructed banks to close inactive accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY).

Posted in Others | 96 Views

RBI: Rs 6099 Crore Worth of Rs 2000 Notes Still in Circulation as of June 2025

02 July 2025 at 08:55

As of June 30, 2025, only Rs 6,099 crore worth of Rs 2000 notes remain in circulation, a dramatic decline from the Rs 3.56 lakh crore recorded on May 19, 2023.

Posted in Others | 174 Views

Finance Ministry Releases Rs 100 and Rs 75 Silver Commemorative Coins Honouring National Icons

28 June 2025 at 09:09

The Ministry of Finance has officially announced the release of two special commemorative coins, celebrating two significant events in India's cultural and statistical legacy.

Posted in Others | 489 Views