Others News

RBI Cuts Repo Rate by 25 bps to 6.25% After 5 Years

08 February 2025 at 08:52

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has unanimously decided to reduce the policy repo rate by 25 basis points, bringing it down from 6.50% to 6.25%. Consequently, the Standing Deposit Facility (SDF) rate is set at 6.00%,

Posted in Others | 414 Views

RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn

07 February 2025 at 08:47

The Reserve Bank of India (RBI) has reported a significant reduction in the circulation of ₹2000 denomination banknotes, with 98.15% of the total Rs 2000 notes withdrawn since their withdrawal was announced on May 19, 2023.

Posted in Others | 480 Views

Finance Ministry Directs Staff to Avoid AI Tools Like ChatGPT, DeepSeek Over Data Security Risks

06 February 2025 at 09:02

The Finance Ministry has issued a directive prohibiting officers and staff from using AI tools such as ChatGPT and DeepSeek on office computers, citing risks to the confidentiality of government data and documents.In a note dated January 29, the Depa

Posted in Others | 2358 Views

RBI Announces Measures to Boost Liquidity

28 January 2025 at 08:43

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system

Posted in Others | 492 Views

Unified Pension Scheme for Central Government Employees: Key Highlights and Benefits

27 January 2025 at 09:04

The Ministry of Finance, on January 24, 2025, unveiled a groundbreaking "Unified Pension Scheme" (UPS) for Central Government employees under the National Pension System (NPS)

Posted in Others | 1011 Views

RBI Announces Daily Variable Rate Repo (VRR) Auctions to Manage Liquidity

16 January 2025 at 08:54

In a significant move to manage liquidity in the banking system, the Reserve Bank of India (RBI) has decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai.

Posted in Others | 705 Views

Finance Ministry's Roadmap to a $5 Trillion Economy: Challenges and Opportunities

14 January 2025 at 08:00

The Union Finance Ministry has outlined a strategic roadmap to achieve India's ambitious $5 trillion economy target by 2028-29.

Posted in Others | 1122 Views

RBI Releases Draft Formats of Financial Statements of Co-operative Banks

09 January 2025 at 08:49

The Reserve Bank of India (RBI) has initiated a significant update to the financial reporting formats for co-operative banks under Section 29, read with Section 56 of the Banking Regulation Act, 1949.

Posted in Others | 2457 Views

RBI Rs 2000 Note Withdrawal Update: 98.12% Returned as Circulation Drops Sharply

03 January 2025 at 08:52

Explore the decline in ₹2000 banknotes in circulation, from ₹3.56 lakh crore on May 19, 2023, to ₹6,691 crore by December 31, 2024, with 98.12% of the notes returned following the withdrawal announcement

Posted in Others | 711 Views

Ministry of Finance Year Ender 2024: Department of Expenditure

28 December 2024 at 09:10

The Department of Expenditure (DoE), Ministry of Finance, has consistently advanced fiscal governance and public welfare through innovative financial management and policy reforms.

Posted in Others | 450 Views