Community & General News

Grant of Rs. 685.80 crore released to Urban Local Bodies (ULBs)

06 August 2021 at 06:21

Grants for Urban Local Bodies have been released as per the recommendations of the 15th Finance Commission. They are aimed at improving basic civic services including fulfilling location specific felt needs.

Posted in Community & General | 1698 Views

RBI cautions the public not to fall prey to fictitious offers of buying/ selling of Old Bank notes and Coins

05 August 2021 at 06:24

Certain elements are fraudulently using the name/logo of RBI, and seeking charges/commission/tax from the public, in transactions related to buying and selling of old banknotes and coins. It is clarified that RBI does not deal in such matters.

Posted in Community & General | 1944 Views

Guidelines for Implementation of the circular on Opening of Current Accounts by Banks

05 August 2021 at 06:25

RBI had issued certain guidelines to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders. Now, the RBI has specified guidelines for implementation of the circular on Opening of Current A/c by Banks.

Posted in Community & General | 2277 Views

Major initiatives by Government & RBI for farmers, amid COVID-19

03 August 2021 at 06:22

Dr Bhagwat Kisanrao Karad stated that the moratorium for the total period of six months up to 31st August 2020, was permitted in respect of all term loans (including agricultural term loans, retail and crop loans).

Posted in Community & General | 1836 Views

More than 6.80 crore loans of Rs. 5.20 lakh crore extended to New Entrepreneurs/Accounts under PMMY

03 August 2021 at 06:25

Entrepreneurs availed over 29.55 crore loans of Rs. 15.52 lakh crore under Pradhan Mantri Mudra Yojana since 2015. For the current financial year, a target of sanction of Rs. 3.00 lakh crore has been fixed for MLIs.

Posted in Community & General | 1656 Views

PM to launch digital payment solution e-RUPI on 2nd August

02 August 2021 at 05:45

e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.

Posted in Community & General | 2247 Views

Shri Deepak Das takes charge as new Controller General of Accounts (CGA)

01 August 2021 at 16:31

Shri Deepak Das, a 1986-batch Indian Civil Accounts Service officer, is appointed by the Government of India as the Controller General of Accounts, Department of Expenditure, Ministry of Finance, with effect from August 1, 2021.

Posted in Community & General | 1848 Views

Monthly Review of Accounts of Union Government of India upto month of June 2021 for FY 2021-22

31 July 2021 at 06:26

GoI has received Rs. 5,47,399 crore up to June 2021 comprising Rs. 4,12,680 crore os Tax Revenue, Rs. 1,27,317 crore of Non Tax Revenue and Rs. 7,402 crore of Non Debt Capital Receipts that includes Capital Receipts and Disinvestment Proceeds.

Posted in Community & General | 1398 Views

CBDT omits certain Rules and Forms; Mandates E-Filing of Forms, Returns, Statements, Reports, Orders etc.

31 July 2021 at 06:31

CBDT has notified the omission of certain rules and forms including Rules 5A, 5AB, 6ABB, 12B, 12BA, 16D, 16DD, 16E, 16F, 18B, 18BB, 18BBA, 18DD, 18DDA, 20AB, 29AA, 29D, 37, 37E, 37F, 44A, 48, 123 and 124 via Income-tax (21st Amendment) Rules, 2021.

Posted in Community & General | 5811 Views

[FAKE] Finance Ministry is providing emergency cash where recipients will receive Rs 1,30,000 per month for 6 months

30 July 2021 at 06:39

The WhatsApp forward claiming that the Finance Ministry is providing emergency cash where recipients will receive Rs. 1,30,000 per month for 6 months is FAKE. Kindly don't believe this message.

Posted in Community & General | 6663 Views