Community & General News


RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn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a significant reduction in the circulation of ₹2000 denomination banknotes, with 98.15% of the total Rs 2000 notes withdrawn since their withdrawal was announced on May 19, 2023.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 Community & General |   552 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 Community & General |   2442 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 Community & General |   555 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 Community & General |   1038 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 Community & General |   867 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 Community & General |   1281 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 Community & General |   2553 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 Community & General |   765 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 Community & General |   528 Views


Arunish Chawla Appointed as Revenue Secretary in the Finance Ministry

   27 December 2024 at 09:01

In a significant administrative reshuffle, senior IAS officer Arunish Chawla has been appointed as the new Revenue Secretary in the Finance Ministry.

Posted in Community & General |   402 Views



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