Community & General News

RBI refutes reports of Rs 88,032 crore worth of missing Rs 500 bank notes

19 June 2023 at 08:43

RBI on Sunday refuted reports that Rs 88,032.5 crore worth of Rs 500 notes have gone missing. The RBI said that all the banknotes supplied from printing presses to the central bank are properly accounted for.

Posted in Community & General | 10188 Views

RBI | Rs 2000 Notes to be Withdrawn from Circulation but Remain Legal Tender

19 May 2023 at 19:43

Rs.2000 Denomination BanknotesWithdrawal from Circulation; Will continue as Legal Tender

Posted in Community & General | 6798 Views

FM highlights investments via PLI schemes as top priority for economic growth

15 May 2023 at 08:38

Finance Minister Nirmala Sitharaman stressed the government’s priority to incentivise and encourage expenditures in India through production-linked incentive (PLI) schemes

Posted in Community & General | 3744 Views

RBI directs banks to extend priority loans to GST-Exempted informal units with UAC

12 May 2023 at 08:50

RBI has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the GST regime or exempted from the CGST Act, 2017, but having the Udyam Assist Certificate (UAC) as micro enterprises

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RBI simplifies the application process for registration of Core Investment Companies

11 April 2023 at 08:33

The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make the registration process smoother and hassle free.

Posted in Community & General | 4689 Views

More than 40.82 crore loans amounting to Rs. 23.2 lakh crore sanctioned under PMMY since inception

08 April 2023 at 08:39

MUDRA helped in generation of large-scale employment opportunities at grassroots level and also proved a game changer while boosting Indian economy: Finance Minister Smt. Nirmala Sitharaman

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RBI keeps repo rate unchanged at 6.5%

07 April 2023 at 08:47

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

Posted in Community & General | 3846 Views

RBI appoints Shri Neeraj Nigam as new Executive Director

04 April 2023 at 08:32

The Reserve Bank of India (RBI) has appointed Shri Neeraj Nigam as Executive Director (ED) with effect from April 03, 2023.

Posted in Community & General | 2925 Views

No charges on bank account-to-account transaction in UPI

29 March 2023 at 14:09

National Payment Corporation of India (NPCI) via its official Twitter handle has issued a statement clarifying that there is no charge to customers.

Posted in Community & General | 5214 Views

Cabinet hikes Dearness Allowance by 4% for central government employees & pensioners

25 March 2023 at 08:45

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval to release an additional instalment of Dearness Allowance to Central Governments employees and Dearness Relief to Pensioners with effect from 01.01.2023.

Posted in Community & General | 2928 Views