Community & General News

Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance

02 May 2025 at 08:44

The Appointments Committee of the Cabinet on 18th April 2025 appointed Shri Shrivastava as the Secretary, D/o Revenue.Previously, Shri Shrivastava, a 1994-batch Indian Administrative Service (IAS) officer of the Karnataka cadre, served as Joint Secre

Posted in Community & General | 216 Views

FM Nirmala Sitharaman Targets 1 Billion UPI Transactions Per Day Within 2-3 Years

30 April 2025 at 08:57

Union Finance Minister Nirmala Sitharaman has set an ambitious roadmap for India's digital payments ecosystem, emphasizing the need to achieve one billion Unified Payments Interface (UPI) transactions per day within the next two to three years.

Posted in Community & General | 327 Views

RBI Revises FEMA Compounding Rules: Penalty Capped at Rs 2 Lakh

28 April 2025 at 08:33

RBI has introduced a key amendment to its compounding framework under the Foreign Exchange Management Act (FEMA), 1999. As per A.P. (DIR Series) Circular No. 04/2025-26

Posted in Community & General | 2310 Views

Finance Ministry Includes I4C Under PMLA to Fight Money Laundering Linked to Cybercrime

26 April 2025 at 08:52

Ministry of Finance has notified the inclusion of the Indian Cyber Crime Coordination Centre (I4C) under the list of agencies authorized to receive information under the PMLA 2002.

Posted in Community & General | 1269 Views

RBI Mandates '.bank.in' Domain for Banks by 31st October 2025

24 April 2025 at 08:42

In a strategic move to curb digital fraud and bolster cybersecurity in India's financial sector, the Reserve Bank of India (RBI) has announced the operational rollout of the exclusive Internet domain '.bank.in' for all banking institutions.

Posted in Community & General | 819 Views

RBI Issues New Guidelines: Minors Above 10 years Can Now Operate Bank Accounts Independently

22 April 2025 at 08:38

Reserve Bank of India has issued guidelines in the past to banks on opening of and operations in the deposit accounts of minors.

Posted in Community & General | 3498 Views

RBI Cuts Repo Rate by 25 bps to 6%

10 April 2025 at 08:29

The Monetary Policy Committee (MPC) held its 54th meeting from April 7 to 9, 2025 under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India.

Posted in Community & General | 1353 Views

RBI Launches Verified WhatsApp Channel for Public Awareness

07 April 2025 at 08:33

The RBI is now further expanding its outreach by adding WhatsApp as an additional means to deliver public awareness messages.

Posted in Community & General | 2064 Views

No Charges for Updating PPF Nominee Details, Announces FM Sitharaman

05 April 2025 at 09:12

In a significant relief for millions of Public Provident Fund (PPF) account holders, the Union Government has announced that no charges will be levied by financial institutions for updating or modifying nominee details in PPF accounts.

Posted in Community & General | 1680 Views

DFS Secretary Leads Meeting on Revamping Central KYC Records and Addressing KYC Challenge

03 April 2025 at 08:34

Secretary, DFS chaired a meeting at Manthan, DFS to discuss the revamp of the Central KYC Records Registry (CKYCR) and key issues related to KYC compliance with the objective of making life of citizen comfortable while availing Financial Services

Posted in Community & General | 138 Views