Community & General News
RBI clarifies Star Series bank notes are legal
28 July 2023 at 10:41On 27th July the Reserve Bank of India (RBI) clarified that banknotes with a star (*) symbol are legal and valid currency.
RBI receives Rs 2.72 Lakh Crore in Rs 2000 notes since 19th May
04 July 2023 at 15:40The Reserve Bank of India (RBI) has received ₹2.72 lakh crore in ₹2000 notes since May 19, 2023. This is about 76% of the ₹2,000 banknotes that were in circulation as on May 19.
RBI refutes reports of Rs 88,032 crore worth of missing Rs 500 bank notes
19 June 2023 at 08:43RBI 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.
RBI | Rs 2000 Notes to be Withdrawn from Circulation but Remain Legal Tender
19 May 2023 at 19:43Rs.2000 Denomination BanknotesWithdrawal from Circulation; Will continue as Legal Tender
FM highlights investments via PLI schemes as top priority for economic growth
15 May 2023 at 08:38Finance Minister Nirmala Sitharaman stressed the government’s priority to incentivise and encourage expenditures in India through production-linked incentive (PLI) schemes
RBI directs banks to extend priority loans to GST-Exempted informal units with UAC
12 May 2023 at 08:50RBI 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
RBI simplifies the application process for registration of Core Investment Companies
11 April 2023 at 08:33The 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.
More than 40.82 crore loans amounting to Rs. 23.2 lakh crore sanctioned under PMMY since inception
08 April 2023 at 08:39MUDRA 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
RBI keeps repo rate unchanged at 6.5%
07 April 2023 at 08:47Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
RBI appoints Shri Neeraj Nigam as new Executive Director
04 April 2023 at 08:32The Reserve Bank of India (RBI) has appointed Shri Neeraj Nigam as Executive Director (ED) with effect from April 03, 2023.
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