Community & General News

Ministry of Finance addresses Special Liquidity Scheme for NBFCs/HFCs

20 January 2021 at 10:41

The Ministry of Finance introduces a special liquidity scheme for NBFCs and HFCs to address the liquidity constraints.

Posted in Community & General | 5766 Views

Ministry of Finance provides greater flexibility to state-owned banks through PCGS2.0

20 January 2021 at 10:41

All the state-owned banks to be provided with greater flexibility through PCGS 2.0, announces The Ministry of Finance.

Posted in Community & General | 1617 Views

Ministry of Finance aims at re-strengthening economy through various reforms

18 January 2021 at 12:54

Demonstrating the commitment to improve the taxpayer services the Income Tax Department aims at making certain promises to the taxpayers for the year 2020-21 which will be discussed in the circulars.

Posted in Community & General | 2349 Views

Tamil Nadu becomes the 11th State to complete One Nation One Ration Card system reform

16 January 2021 at 08:07

Tamil Nadu has become the 11th State in the country to successfully undertake “One Nation One Ration Card system” reform. Additional borrowing permission of Rs.4,813 crore issued to Tamil Nadu.

Posted in Community & General | 1509 Views

Kerala becomes the 8th State to complete ease of doing business reforms

13 January 2021 at 16:52

The State has become eligible to mobilise additional financial resources of Rs.2,373 crore through Open Market Borrowings.

Posted in Community & General | 2466 Views

RBI releases the Financial Stability Report, January 2021

12 January 2021 at 10:11

RBI has released the 22nd issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC).

Posted in Community & General | 3171 Views

RBI to conduct the revised Variable Rate Reverse Repo auction on January 15, 2021, Friday under the revised Liquidity Management Framework

09 January 2021 at 10:55

On February 06, 2020, the Reserve Bank had announced a revised Liquidity Management Framework that was simplified and clearly communicated the objectives and toolkit for liquidity management.

Posted in Community & General | 1668 Views

Norms on eligibility, empanelment and appointment of Statutory Branch Auditors in Public Sector Banks from the year 2020-21 and onwards

08 January 2021 at 17:53

The Reserve Bank of India releases Norms for selection of branches of Public Sector Banks (PSBs) for Statutory Audit and Procedure for appointment of Statutory Branch Auditors.

Posted in Community & General | 3963 Views

Madhya Pradesh and Andhra Pradesh get additional financial assistance of Rs.1004 crore for capital expenditure

07 January 2021 at 08:28

Madhya Pradesh and Andhra Pradesh have become the first group of States to complete three out of the four citizen centric reforms stipulated by the Department of Expenditure, Ministry of Finance.

Posted in Community & General | 1872 Views

Reserve Bank of India imposes monetary penalty on Bajaj Finance Ltd. and various banks

06 January 2021 at 10:26

The Reserve Bank of India has imposed a monetary penalty on Bajaj Finance Ltd, Maharashtra Nagari Sahakari Bank Maryadit, Latur and Vyavasayik Sahakari Bank Maryadit, Raipur.

Posted in Community & General | 2307 Views