Others News

FM Nirmala Sitharaman Calls Q2 GDP Slowdown a "Temporary Blip"

19 December 2024 at 08:58

Finance Minister Nirmala Sitharaman addressed concerns in the Lok Sabha over the recent slowdown in India's GDP growth during the second quarter of FY 2025, assuring that the dip is a "temporary blip"

Posted in Others | 510 Views

Economic Affairs Secretary Ajay Seth Takes on Additional Role as Revenue Secretary

12 December 2024 at 09:09

In a key administrative reshuffle, Economic Affairs Secretary Ajay Seth has been assigned the additional role of Secretary of the Revenue Department, effective immediately, as per a government order issued on Tuesday.

Posted in Others | 1569 Views

Revenue Secretary Sanjay Malhotra Appointed as New RBI Governor

10 December 2024 at 09:04

In a major announcement, Revenue Secretary Sanjay Malhotra has been appointed as the 26th Governor of the Reserve Bank of India (RBI), according to an official notification issued by the Centre's Cabinet Committee on Monday.

Posted in Others | 1548 Views

RBI Cuts CRR to 4%, Maintains Repo Rate, Lowers FY25 GDP Growth Forecast to 6.6%

06 December 2024 at 12:39

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 435 Views

RBI Directs Banks to Streamline Handling of Inoperative Accounts and Unclaimed Deposits

06 December 2024 at 09:15

The Reserve Bank of India (RBI) has issued a circular emphasizing the need for commercial banks (excluding Regional Rural Banks) to address the growing number of inoperative accounts and unclaimed deposits.

Posted in Others | 1752 Views

Revenue Secretary Highlights AI, ML Integration to Combat Smuggling

06 December 2024 at 09:15

Revenue Secretary urges DRI to embrace and integrate cutting-edge technologies such as Machine Learning (ML) and Artificial Intelligence (AI) in its operations to enhance detection and enforcement capabilities

Posted in Others | 294 Views

RBI Enhances Limits for UPI Lite Transactions in Offline Mode

05 December 2024 at 09:05

In a significant move to promote small-value digital payments, the Reserve Bank of India (RBI) has revised the framework for facilitating offline payments under UPI Lite.

Posted in Others | 423 Views

PM Internship Scheme Pilot Offers 1.25 Lakh Internship Opportunities for FY 2024-25

04 December 2024 at 08:57

Pilot Project launched under PMIS to provide 1.25 lakh internship opportunities in the FY 2024-25.

Posted in Others | 393 Views

RBI Reports 98% Return of Rs 2000 Banknotes Post Withdrawal Announcement

03 December 2024 at 08:55

98.08% of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned

Posted in Others | 324 Views

UPI Processes 16 Billion Transactions Worth Rs 23.49 Lakh Crores in October 2024

02 December 2024 at 09:10

IntroductionIn October 2024, Unified Payments Interface (UPI) achieved a historic milestone by processing 16.58 billion financial transactions in a single month, underscoring its pivotal role in India's digital transformation.

Posted in Others | 1365 Views