Community & General News
More than 28.68 crore loans for an amount of Rs 14.96 lakh crore sanctioned since launch of the PMMY
07 April 2021 at 14:194.20 crore PMMY loans sanctioned in 2020-21 and Rs. 2.66 lakh Crore sanctioned in FY 2020-21 (As on 19.03.2021). The average ticket size of the loans is about Rs 52,000/-
RBI specifies Category-I AIFs set up as trust as qualified buyers
07 April 2021 at 04:53RBI has specified Category I AIFs set up as trust and registered with SEBI under Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, as ‘qualified buyers’ subject to certain conditions.
India hosted a Virtual Meeting of BRICS Finance Ministers & Central Bank Governors today on 6th April 21
06 April 2021 at 19:13FM talked about thematic priorities for New Development Bank for discussion during 2021 and the issues of membership expansion. She also called for greater coordination among BRICS member countries on the issues of 16th general review of Quotas of IMF.
Rs 2,74,034 crore FPI inflows in Indian equity markets
06 April 2021 at 11:26The growth forecast for India in FY 2021-22 have been pegged above 10% by the World Bank, IMF and several global research organisations underscoring that India will continue to remain an attractive investment destination in the near future.
Finance Act 2021 hasn't brought in any additional tax on Indian workers in Saudi/UAE/Oman/Qatar, clarifies FM
06 April 2021 at 05:21The Finance Act, 2021 hasn't brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of the term "liable to tax" in the Income Tax Act to provide clarity.
Government measures increase FDI inflows in the country
05 April 2021 at 19:45India Attracts a total FDI inflow of US$ 72.12 billion from April 2020 to January 2021. Computer Software & Hardware emerged as the top sector with 45.81% of total FDI Equity inflow.
More than Rs. 25,586 crore sanctioned under Stand Up India Scheme to over 1,14,322 accounts
04 April 2021 at 10:22The objective of Stand-Up India is to promote entrepreneurship amongst women, SC, & ST categories, to help them in starting a greenfield enterprise in the trading, manufacturing and services sector, by both ready and trainee borrowers.
Ministry of Finance releases grant of Rs. 4,608 crore for Local Bodies on 31st March 2021
02 April 2021 at 14:31The grants are both for the Rural Local Bodies and Urban Local Bodies. Out of this, RLBs will get Rs. 2,660 crore and ULBs will get Rs. 1,948 crore. The grants have been released as per the recommendations of the 15th Finance Commission.
Ministry of Finance releases Rs. 45,000 crore as additional devolution to States in FY 2020-21
01 April 2021 at 19:16The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21.
Rs. 11,830 crore released to States under the scheme - Special Assistance to States for Capital Expenditure
01 April 2021 at 19:07The Department of Expenditure, Ministry of Finance has released an amount of Rs. 11,830 crore to States under the scheme "Special Assistance to States for Capital Expenditure".
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