Community & General News


FM Sitharaman Expects Durable Consumption Recovery

 10 February 2025 at 08:49

Finance Minister Nirmala Sitharaman on Saturday expressed optimism about a durable recovery in consumption, driven by fiscal and monetary policy measures.

Posted in Community & General |   417 Views


RBI Cuts Repo Rate by 25 bps to 6.25% After 5 Years

 08 February 2025 at 08:52

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has unanimously decided to reduce the policy repo rate by 25 basis points, bringing it down from 6.50% to 6.25%. Consequently, the Standing Deposit Facility (SDF) rate is set at 6.00%,

Posted in Community & General |   480 Views


RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn

 07 February 2025 at 08:47

The Reserve Bank of India (RBI) has reported a significant reduction in the circulation of ₹2000 denomination banknotes, with 98.15% of the total Rs 2000 notes withdrawn since their withdrawal was announced on May 19, 2023.

Posted in Community & General |   582 Views


Finance Ministry Directs Staff to Avoid AI Tools Like ChatGPT, DeepSeek Over Data Security Risks

 06 February 2025 at 09:02

The Finance Ministry has issued a directive prohibiting officers and staff from using AI tools such as ChatGPT and DeepSeek on office computers, citing risks to the confidentiality of government data and documents.In a note dated January 29, the Depa

Posted in Community & General |   2457 Views


RBI Announces Measures to Boost Liquidity

 28 January 2025 at 08:43

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system

Posted in Community & General |   591 Views


Unified Pension Scheme for Central Government Employees: Key Highlights and Benefits

 27 January 2025 at 09:04

The Ministry of Finance, on January 24, 2025, unveiled a groundbreaking "Unified Pension Scheme" (UPS) for Central Government employees under the National Pension System (NPS)

Posted in Community & General |   1098 Views


RBI Announces Daily Variable Rate Repo (VRR) Auctions to Manage Liquidity

 16 January 2025 at 08:54

In a significant move to manage liquidity in the banking system, the Reserve Bank of India (RBI) has decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai.

Posted in Community & General |   888 Views


Finance Ministry's Roadmap to a $5 Trillion Economy: Challenges and Opportunities

 14 January 2025 at 08:00

The Union Finance Ministry has outlined a strategic roadmap to achieve India's ambitious $5 trillion economy target by 2028-29.

Posted in Community & General |   1344 Views


RBI Releases Draft Formats of Financial Statements of Co-operative Banks

 09 January 2025 at 08:49

The Reserve Bank of India (RBI) has initiated a significant update to the financial reporting formats for co-operative banks under Section 29, read with Section 56 of the Banking Regulation Act, 1949.

Posted in Community & General |   2580 Views


RBI Rs 2000 Note Withdrawal Update: 98.12% Returned as Circulation Drops Sharply

 03 January 2025 at 08:52

Explore the decline in ₹2000 banknotes in circulation, from ₹3.56 lakh crore on May 19, 2023, to ₹6,691 crore by December 31, 2024, with 98.12% of the notes returned following the withdrawal announcement

Posted in Community & General |   795 Views



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