Community & General News

No MDR on UPI Transactions: Finance Ministry Dismisses Media Reports as Baseless and Misleading

14 June 2025 at 09:20

The Union Finance Ministry has strongly denied reports suggesting that the government is planning to impose a Merchant Discount Rate (MDR) on large-value Unified Payments Interface (UPI) transactions

Posted in Community & General | 1317 Views

RBI Issues Revised Guidelines for Inoperative Accounts and Unclaimed Bank Deposits

13 June 2025 at 09:23

The Reserve Bank of India (RBI) has issued the Revised Instructions (Amendment), 2025 under the Inoperative Accounts/ Unclaimed Deposits in Banks guidelines.

Posted in Community & General | 2802 Views

FEMA Amendment 2025: Bonus Shares Permitted for Foreign Investors in Restricted Sectors

12 June 2025 at 09:05

The Ministry of Finance has notified an amendment to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, allowing Indian companies operating in sectors where Foreign Direct Investment (FDI) is prohibited to issue bonus shares

Posted in Community & General | 936 Views

RBI Slashes Repo Rate by 50 bps to 5.50% in June 2025

07 June 2025 at 09:14

RBI cuts repo rate by 50 bps to 5.50% in June 2025 MPC meet to support growth; CPI inflation forecast lowered to 3.7%, GDP growth retained at 6.5%. Policy stance shifted to neutral.

Posted in Community & General | 315 Views

FM Sitharaman Inaugurates New DRI Headquarters in New Delhi: Calls for Smarter, Dharma-Rooted Enforcement

05 June 2025 at 09:25

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New DelhiView enforcement and facili

Posted in Community & General | 201 Views

Finance Ministry Calls for Streamlining of Central Schemes Ahead of 2026 Deadline

05 June 2025 at 09:23

The Finance Ministry has called for a stricter and outcome-driven approach to reappraise all Central Sector Schemes (CSs) and Centrally-Sponsored Schemes (CSSs) that are set to end by March 31, 2026.

Posted in Community & General | 147 Views

Rs 500 Note Not Being Discontinued: PIB Fact Check Debunks Viral Claim

04 June 2025 at 09:19

In the age of viral misinformation, yet another baseless rumour is doing the rounds-this time claiming that the Reserve Bank of India (RBI) will discontinue the circulation of Rs 500 currency notes by March 2026.

Posted in Community & General | 2427 Views

Ministry of Finance appoints Punjab National Bank as Official Liquidator for 32 Defunct Banks

04 June 2025 at 09:05

The Ministry of Finance (Department of Financial Services) has officially appointed Punjab National Bank (PNB) as the official liquidator for the winding-up proceedings of 32 defunct banking companies, as per a notification dated June 3, 2025.

Posted in Community & General | 2442 Views

Indian Civil Accounts Service Rules, 2025 Released

31 May 2025 at 08:32

In a significant administrative reform, the Ministry of Finance (Department of Expenditure) has notified the Indian Civil Accounts Service (Group 'A') Rules, 2025, replacing the older 2006 rules.

Posted in Community & General | 1341 Views

Retired Central Govt Employees Can Now Claim Extra Pension Benefits Under UPS

31 May 2025 at 08:32

Retired Central Government NPS Subscribers with minimum 10 years of qualifying service can claim additional benefits under Unified Pension Scheme (UPS)

Posted in Community & General | 1089 Views