Gujarat, Uttar Pradesh and Uttarakhand are the latest to complete the reform process. Get additional borrowing permission of Rs. 9,905 crore. The number of States successfully completing the “Ease of Doing Business” (EoDB) reforms has increased to 15.
IRDAI (Insurance Regulatory Authority of India) in a Circular dated 9th February, 2021, has advised all Insurance companies for issuance of Digital Insurance Policies via DigiLocker.
The SEZ Rules, 2006 came into effect on 10th February, 2006. The salient features of the SEZ scheme has been listed here.
Considering the importance of professional and other service providers for the development of financial products, financial services and financial institutions in the IFSC, a framework for enabling ancillary services has been notified.
It's time to take your startup to the next level. The National Startup Awards 2021, instituted by DPIIT, Ministry of Commerce, Govt of India, seek to recognize and reward outstanding startups and ecosystem enablers.
As per the estimates of GDP for the First Quarter (Q1) of 2020-21 released by the NSO, MoSPI, the real GDP in India contracted by 23.9 per cent during the first quarter of 2020-21 (as against 5.2 per cent growth in Q1 of 2019-20).
As reported by PSBs [including sponsored Regional Rural Banks (RRBs)] and 14 major Private Sector Banks, as on 27.01.2021, a total number of 41.75 crore accounts have been opened under PMJDY out of which 35.96 crore accounts are operative.
Monetary Policy Statement 2020-21 released as per the decisions taken by the Monetary Policy Committee (MPC) in its meeting on 5th February 2021.
Developmental and regulatory policy measures on (i) liquidity management and support to targeted sectors; (ii) regulation and supervision (iii) deepening financial markets; (iv) upgrading payment and settlement systems and (v) consumer protection.
Going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021-22, we would undo the damage that COVID-19 has inflicted on the economy.
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