Community & General News

GoI provides Financial assistance for developing COVID-19 vaccine

19 July 2021 at 21:54

Shri Pankaj Chaudhary stated that financial support was provided to nearly nine private industries for the development of vaccines for COVID-19, whereby an amount of Rs. 489 crore has been allocated and an amount of Rs. 148 crore has been disbursed.

Posted in Community & General | 1287 Views

GoI provides funds to the state governments for its development

19 July 2021 at 21:50

GoI provided funds to the State Governments under the Centrally Sponsored Schemes, Central Sector Schemes, Finance Commission grants and Other Grants /Loans/Transfers as per the guidelines of the respective Scheme.

Posted in Community & General | 1308 Views

Bad Bank launched for stressed assets as a measure to clean up bank books

19 July 2021 at 21:42

The Government has launched a Bad Bank with all the regulatory approvals in place. This was stated by Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in the Lok Sabha.

Posted in Community & General | 1152 Views

Reserve Bank of India takes supervisory action on Mastercard Asia / Pacific Pte. Ltd

15 July 2021 at 06:40

The Reserve Bank of India (RBI) has today imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021.

Posted in Community & General | 5223 Views

Cabinet approves increase in Dearness Allowance and Dearness Relief

14 July 2021 at 20:19

Dearness Allowance to Central Government employees and Dearness Relief to pensioners has been increased with effect from 01.07.2021 to 28% representing an increase of 11% over the existing rate of 17% of the Basic Pay/Pension.

Posted in Community & General | 2 comments | 6030 Views

BHIM-UPI launched in Bhutan by Finance Minister Nirmala Sitharaman

13 July 2021 at 20:46

With the launch of BHIM-UPI in Bhutan, the payment infrastructures of the two countries are seamlessly connected and will benefit a large number of tourists and businessmen from India who travel to Bhutan each year.

Posted in Community & General | 1665 Views

Clarification by Ministry of Finance regarding holding of competitive exam of PSBs in local languages by IBPS

13 July 2021 at 20:37

In order to look into the demand for holding examination for clerical cadre in PSBs in local/regional languages, a Committee has been constituted to look into the matter in its entirety, which will give its recommendations within 15 days.

Posted in Community & General | 1539 Views

IFSCA issued Framework for Setting up and operating ITFS platform

12 July 2021 at 20:45

The International Financial Services Centres Authority (IFSCA) has been set up vide IFSCA Act, 2019 to develop and regulate the financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs).

Posted in Community & General | 1680 Views

Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs

12 July 2021 at 20:45

Active in public service for over 4 decades, Shri Singh was earlier a Member of Legislative Council (MLA) from Jatusana Vidhan Sabha in Haryana and served as Minister in the state Government of Haryana.

Posted in Community & General | 1299 Views

FM Nirmala Sitharaman attends Third G20 Finance Ministers and Central Bank Governors Meeting

11 July 2021 at 10:24

The two-day meeting saw discussions on a wide range of issues including global economic risks and health challenges, policies for recovery from the CoVID-19 pandemic, international taxation, sustainable finance and financial sector issues.

Posted in Community & General | 1662 Views