Govt/Regulators

Business Models Sometimes Contain Vulnerabilities That May Not Be Apparent: Das

Advance action is initiated wherever we notice or smell a crisis: RBI Governor; supervisory systems being strengthened Invisible

12 Hours Ago

37 GW Of Offshore Wind Energy Will Be Developed At Investment Of Rs.4.50 Tn

Cabinet approves Viability Gap Funding (VGF) scheme for implementation of Offshore Wind Energy Projects

1 Days Ago

Employment Fairs Will Be Held To Make Maharashtra Skill-ready: Lodha:

Arya Chanakya Skill Development Centers will be set up in 1000 colleges in the next three months

1 Days Ago

Net Direct Tax Collections Grow At 21%

Refunds aggregating to Rs53,322 crore issued in the current fiscal

2 Days Ago

Deposit Insurance Function Is Likely To Confront More Complex Challenges

The share of deposit insurers (DIs) with paybox plus mandate has risen to 48 per cent (a rise of 11 basis points in ten years), especially among advanced economies; Currently, 1,997 banks, comprising 140 commercial banks and 1,857 cooperative banks, are covered under deposit insurance coverage

2 Days Ago

Rs3.5 Trillion Deposited In Farmers’ Bank A/Cs So Far

Rs200 Bn Deposited in the accounts of about 9.26 crore farmers on 18 June, 2024

2 Days Ago

Products Of Bahwan Cybertek, napID Cybersec, Trusting Social Found Viable

Regulatory Sandbox: Fourth Cohort on ‘Prevention and Mitigation of Financial Frauds’ – Exit

2 Days Ago

69% Central Banks Reveal: Gold’s Share Of Reserves Will Be Higher In 5 Years

29% Central Banks say they will add more gold in the next 12 months

2 Days Ago

Mumbai Will Get Centre For Excellence In AVGC Sector

The seven daylong festival will bring the magic of world-class parallel cinema closer to film enthusiasts across India.

Jun 16, 2024

SHGs To Showcase Products At Dilli Haat For 2 Months

This initiative has been taken to create a positive vibe and to make the public at large aware about the contribution of Self-Help Group (SHGs) to our society.

Jun 16, 2024

India Produced 40 Quantum Tech Start-ups In 2 Years

Women’s Participation in extramural research and development (R&D) doubled in the last 10 years: Dr. Jitendra Singh

Jun 15, 2024

RBI Cancels License Of Purvanchal Coop Bank

About 99.51% of the depositors are entitled to receive full amount of their deposits from DICGC; The bank does not have adequate capital and earning prospects

Jun 15, 2024

CBI Takes Over Loan Default Case Of Rs57 Bn

Searches Conducted In Bank Fraud Case Against 28 Accused Including Directors & Promoters Of Various Private Companies

Jun 15, 2024

CBI Apprehends EPFO Officer: Case Of Rs1.10 Lakh Bribe

CBI apprehends total three accused

Jun 15, 2024

G7 Will Launch Action Plan On Use Of AI In The World

G7 will launch Extraordinary Revenue Acceleration (ERA) Loans for Ukraine, in order to make available approximately USD 50 billion in additional funding to Ukraine by the end of the year; G7 remain committed to strengthening the rules-based multilateral trading system; fostering strong and inclusive global economic growth, maintaining financial stability and investing in its economies to promote jobs and accelerate digital and clean energy transitions

Jun 15, 2024

AI Must Aim Progress, Well-Being Of All: Modi

PM Modi shared India’s success in leveraging digital technology for public service delivery at the G7 Summit in Apulia, Italy;

Jun 15, 2024

Meloni, Biden Met Private Sectors Representing Digital/Technology, Finance

G7 Partnership for Global Infrastructure and Investment

Jun 14, 2024

RBI, SEBI, IRDAI, Banks, Access Providers Strategize Control On Spam Calls

The Digital Consent Facility (DCA), established by Telecom Service Providers under TRAI’s TCCCPR-2018 Regulations was discussed in detail in the meeting convened by TRAI

Jun 14, 2024

Biometric Verification At Guj GST Centers Keeps Bogus Applicants Away

Average Monthly Registrations Decline by 25%

Jun 14, 2024

IT Sector's Q4 Sales Growth Moderated To 3%

Sales of listed private non-financial companies registered 6.9 per cent growth (y-o-y) in Q4:2023-24

Jun 14, 2024

4 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Jun 13, 2024

CM Patel Gives Cheques of Rs21.11 Bn For Municipal Development Works

Rs1729 crores distributed among 8 Municipal Corporations; Class 'A': Rs88 crore allocated to 22 Municipalities; Class 'B': Rs90 crore allocated to 30 municipalities; Class 'A': Rs135 crores allocated to 60 Municipalities; Class 'D': Rs69 crore allocated to 45 municipalities

Jun 13, 2024

MP CM Dr. Yadav Launches Intra State Air Service

“PM Shri Paryatan Vayu Seva” Boosts Connectivity to the captivating destinations of Madhya Pradesh

Jun 13, 2024

FM: Reforms Will Continue

Government fully committed to ensure ‘Ease of Living’ for its citizens and will continue to take further steps in this direction, says Nirmala Sitharaman

Jun 13, 2024

3 Coop Banks, 1 NBFC Penalized By RBI

These actions on 3 coop banks and 1 NBFC are based on deficiencies in regulatory compliance

Jun 11, 2024

Govt To Give Assistance To Construct 3 Cr Houses Under PMAY

Total 4.21 Crore houses have been completed for the eligible poor families under the housing schemes in the last 10 years.

Jun 11, 2024

Rs200 Bn Cleared For 9.3 Cr Farmers Under Kisan Nidhi

First file signed by PM pertains to PM Kisan Nidhi release

Jun 10, 2024

Nirmala Retains Fin, Ashwini IT, Goyal CIM; Nadda Gets Health, Shivraj Agri, Jitan MSME

Nadda Gets Health, Ministry of Skill Development and Entrepreneurship Given to Jayant Chaudhary; Jitin Prasada becomes MoS MEITY; Smt. Annpurna Devi Allotted Ministry of Women and Child Development; Nimuben Bambhaniya Made MoS of Consumer Affairs, Food and Public Distribution

Jun 10, 2024

Modi Sworn As PM 3rd Time, 72 Ministers

The President of India has appointed Shri Narendra Damodardas Modi as the Prime Minister of India

Jun 09, 2024

Consumption Expenditure: Rural Rs3773; Urban Rs6459

Among the states, MPCE is the highest in Sikkim (Rural – Rs. 7,787 and Urban – Rs12,125) and it is the lowest in Chhattisgarh (Rural – Rs. 2,575, Urban – Rs. 4,557)

Jun 09, 2024

ED Freezes FDs Of Rs7.25 Cr In Online Fraud

The accused persons contacted the victim and convinced her to transfer the investments held in a bank to a crypto currency account claiming that the existing account is not safe

Jun 08, 2024

15 Indian Firms Attracted Global Investors At IPEF Clean Economy Forum

The event brought together investors and financial institutions from IPEF Member countries like that of Temasek, Global Infrastructure Partners, GuarantCo, Private Infrastructure Development Group (PIDG), Goldman Sachs, I Squared Capital, Mizuho Bank Ltd, Advantage Partners, Nomura, DBS Bank and Citi Bank.

Jun 08, 2024

India Largest Recipient Of Remittances Globally: FEMA Guidelines To Be Rationalized

Revival in rural demand is getting a fillip from improving farm sector activity. Investment activity continues to gain traction, on the back of ongoing expansion in non-food bank credit

Jun 08, 2024

RBI@100: Use of AI / ML In Leveraging RegTech/SupTech

Aspirational Goals in a Multi-Year Time Frame

Jun 07, 2024

RBI Decides By 4: 2 Majority To Keep Repo Rate Unchanged

Monetary Policy Statement, 2024-25; Resolution of the Monetary Policy Committee (MPC) June 5 to 7, 2024

Jun 07, 2024

RBI Proposes Intelligence Platform To Prevent, Mitigate Digital Payment Frauds

RBI Proposes to include replenishment of UPI Lite Wallet and balances in Fastag, National Common Mobility Card in the e-mandate framework; global hackathon, “HaRBInger 2024” with themes ‘Zero Financial Frauds’ and ‘Being Divyang Friendly’ will be launched shortly

Jun 07, 2024

ED Conducted Searches Against Chadalavada Infratech In Bank Fraud Case

ED initiated investigation on the basis of FIR registered on a complaint of loan fraud by State Bank of India, Hyderabad, for siphoning and diversion of funds, cheating and criminal conspiracy resulting in loss of public money to the extent of Rs166.93 Crore

Jun 07, 2024

Sales Tax Officer Arrested In Bribe Case

CBI registered a case on allegations that accused demanded bribe of Rs1 lakh from complainant practicing tax consultant as reward for having resolved the issue of Input Tax Credit (ITC) of his client Gupta Agency

Jun 07, 2024

Election Shocks & Upsets: NDA 293, INDIA 233

BJP won a lesser number of seats than the number predicted in the various exit polls

Jun 05, 2024

Any Dual Hatting Of Assurance Functions Should Be Avoided

Setting the Right Tone from the Top

Jun 04, 2024

ARCs Must Have Strong Governance Frameworks, Robust Internal Controls

Building Trust Through Governance: Backbone of Stressed Assets Reconstruction

Jun 04, 2024

Survey On Computer Software, ITES Exports Launched

The format of the ITES survey schedule has been updated for the current round

Jun 04, 2024

2 Coop Banks Fined

These actions on 2 coop banks are based on deficiencies in regulatory compliance

Jun 04, 2024

SEBI’s App SaaRthi 2.0 Launched

SEBI’s Mobile App is on personal finance for investors

Jun 04, 2024

Rs100 Bn Seizure In Polls: 620 Mn Searches By Voters On ECI Portals

2.5X Voters of 27 EU countries in their last National Elections; Celebrities, startups, and citizens unite to spread voter awareness

Jun 03, 2024

SC Mandates Self-Declaration By Agencies Before Releasing Advts

Self-Declaration Certificate To Become Mandatory For All New Advertisements From 18th June, 2024

Jun 03, 2024

Plans Discussed With FCI, NABARD, WDRA To Transform PACS Into Multi-Service Societies

National level Coordination Committee for the World’s largest grain storage plan holds its first meeting in Delhi

Jun 03, 2024

ED Attached Properties Of Rs3 Cr Of Clerk In UHBVN

Government money of Rs56 Crore has been misappropriated and embezzled by transfer from the government accounts to the accounts of persons with connivance of the officials of UHBVN, Yamuna Nagar

Jun 03, 2024

Gross GST Revenue Collection Is Rs1.73 Tn

Gross GST Revenue Collection In May 2024 Records 10% Y-O-Y Growth

Jun 03, 2024

RBI Held 822.10 MTs Of Gold; 27.47 MTs Added In Last FY

The size of the Reserve Bank’s balance sheet increased by 11.08 per cent for the year ended March 31, 2024 with an overall surplus of Rs2,10,873.99 crore

May 31, 2024

RBI Will Assess Reasons For Low Level Of Complaints In Rural/ Semi Urban Areas

Develop a consumer protection assessment matrix for REs

May 31, 2024

RBI Imposed 281 Penalties Aggregating Rs86.1 Cr On REs

The draft scale-based enforcement framework for action against various types of REs is under finalization

May 31, 2024

DoR Will Focus On Framework For Web-Aggregation Of Loan Products

As part of the Agenda for 2024-25, the Department of Regulation (DoR) will focus on certain key deliverables

May 31, 2024

Applications For Recognition Of SROs For NBFCs Would Be Invited

Guidelines On Area Of Operation Of UCBs Are Being Reviewed

May 31, 2024

Need For Rs5 Coins Highest, Followed By Rs2 Coins

Survey on the Usage of Coins and Banknotes

May 31, 2024

2 Pvt Company Directors Given RI In Coal Block Allocation Case

Designated Court Sentences Directors To 02-03 Years’ Rigorous Imprisonment With Total Fine Of Rs70 Lakh

May 30, 2024

Powering Transformation through UI/UX for Digital Governance

MeitY would set-up guidelines for enhancing user experience of using websites/apps

May 30, 2024

Business Restrictions Imposed On Edelweiss ARC, ECL Finance

RBI’s action is based on material supervisory concerns

May 29, 2024

Economic Outlook Is Brightening But Political Risks Loom Large in 2024

82% of chief economists expect the global economy to remain stable or strengthen this year – almost twice as many as in late 2023

May 29, 2024

3 Coop Banks Penalized

RBI actions on these 3 banks are based on deficiency in regulatory compliance

May 28, 2024

RBI Fines ICICI Bank (Rs1 Cr), Yes Bank (Rs91 Lakh)

The action against 2 banks is based on deficiencies in regulatory compliance

May 28, 2024

WIPO Treaty, A Big Win For India And Global South

For the first time the system of knowledge and wisdom which have supported economies, societies and cultures for centuries are now inscribed into the global IP system.

May 26, 2024

Properties Of Rs58.93 Cr Belonging To IREO Group Attached

The total Proceeds of Crime identified in the case is Rs.1780 Crore.

May 26, 2024

One Person Arrested In Case Of Masters Finserv

Directorate of Enforcement (ED), Kochi Zonal Office has arrested Ebin Varghese on 15.05.2024 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002

May 26, 2024

Macro-Economic Buffers Will Help Economy Navigate Challenges Smoothly

Early indications suggest a continuation of the economic momentum during the first quarter of FY25

May 26, 2024

RBI To Transfer Rs2.10 Tn As Surplus To GoI

Approval given at 608th Meeting of Central Board of the Reserve Bank of India held on Wednesday at Mumbai

May 22, 2024

RBI’s Monthly Bulletin

May 2024 Issue Of RBI’s Bulletin includes three speeches, four articles, and current statistics

May 22, 2024

Tourism is Back to Pre-Pandemic Levels, But Challenges Remain

Despite these strides, the TTDI warns that significant investment is needed to close gaps in enabling conditions and market share between developing and high-income countries

May 21, 2024

DAHD-UNDP Sign MoU On Digitalization of Vaccine Cold Chain Management

The vaccine cold chain management process, she added will be monitored with the help of new age technology and artificial intelligence through the Animal vaccine Intelligence Network (AVIN) developed by UNDP.

May 21, 2024

ED Arrested One In IT Refund Fraud Case Of Rs2.63 Bn

ED initiated investigation on the basis of FIR registered by CBI for fraudulently generating and issuance of TDS refunds from Income Tax Department

May 20, 2024

Election-Time Seizures To Cross Rs90 Bn Soon

Commission’s crackdown on inducements behind historic spurt

May 18, 2024

Heads Of Assurance Advised To Proactively Update Systems & Practices To Remain Ahead Of Curve

Swaminathan J: The frenzy of some of the UCBs to acquire large corporate exposures which are beyond their bite size, is to be strictly avoided

May 18, 2024

Swaminathan Highlights Supervisory Concerns In Functioning Of ARCs

‘Governance in ARCs – Towards Effective Resolutions’

May 18, 2024

India Would Contribute Significantly To Global Growth: FM

A rise in consumption spending and a secular rise in spending on financial services would assure that the country would continue to remain the fastest growing economy in the future; Leverage Opportunities At National, Global Level Through Govt-Industry Partnerships: FM Nirmala Sitharaman, Minister of Finance and Corporate Affairs at CII Annual session

May 17, 2024

CROs Exhorted To Assist Mgmt In Containing Risks In UCBs’ Balance Sheets

Conference for the Heads of Assurance Functions of UCBs

May 16, 2024

Embracing Meaningful Assurance For Sustainable Growth Of NBFC Sector

Swaminathan J: NBFCS need to invest in Early Warning Systems, Stress Testing capabilities, Vulnerability Assessments, Monitoring of Cyber Key Risk Indicators, targeted evaluations of compliance with KYC/AML norms and Transaction monitoring capabilities

May 16, 2024

Review Of Validation Of KYC Records By KRAs Under Risk Management Framework

As a part of risk management framework, the KRAs shall verify the following attributes of records of all clients within 2 days of receipt of KYC records: PAN, Name, Address; SEBI

May 14, 2024

CBI Registers Case Against 3 Accused Of Postal Department

Allegations are of demanding Rs 25 lakh bribe for appointment of 10 contingent labourers as MTS

May 13, 2024

Convicted EPFO Officials Given 5 Years’ RI

CBI Court Sentences Two Accused Including Then Regional PF Commissioner-And Enforcement Officer Of EPFO, Nagpur To 05 Years’ Rigorous Imprisonment With Total Fine Of Rs4 Lakh In A Case Of Bribery

May 13, 2024

R. Lakshmi Kanth Rao Appointed As RBI’s ED

Rao has experience of over three decades in the Reserve Bank having worked in the areas of Regulation of Banks and NBFCs, Supervision of Banks and Consumer Protection

May 11, 2024

MFI, HFC, DCCB Penalized

These actions on the 3 entities are based on deficiencies in regulatory compliance

May 11, 2024

Training For 4 foreign languages To Be Provided To Youth In Maharashtra

German Language Training Started In Prabodhini in Mumbai; Germany will need 7 million skilled manpower by 2035

May 11, 2024

Sanjaya Mishra Becomes First President Of GST Appellate Tribunal

FM Nirmala Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra

May 07, 2024

Cyber Fraudster Kept 19 Kg Gold In Locker

Accused Punit Maheshwari maintained the locker, containing the gold Of Rs14 Cr, in the name of his mother with Ballabhgarh branch of Indian Bank

May 06, 2024

CBI Arrests FSSAI Official: Rs37 Lakh Cash, 45 Gram Gold Recovered

Accused Assistant Director, FSSAI, was caught red handed while accepting the bribe of Rs1,20,000/-

May 06, 2024

ED Conducted Search In Case Of Ponzi Scheme, Illegal Forex Trading Platforms

ED initiated investigation on the basis of FIR registered by Bharti Vidhyapeeth Station, Pune against the accused persons for duping/cheating common people in the name of ponzi/ multi marketing schemes and forex trading platforms promising exorbitant returns and collected more than Rs100 Cr

May 04, 2024

Bitcoins Worth Rs130.48 Cr Seized During ED’s Search Operation

ED initiated investigation on the basis of MLA request received from the US authorities invoking a unique provision of section 2(ra) of PMLA, 2002 implying offence of cross border implications

May 04, 2024

Norms For Project Loans Tightened

RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’

May 04, 2024

CBI Arrests IT Officer While Accepting Rs4 Lakh Bribe

The accused initially demanded undue advantage of 2% of the total deal value of the property worth Rs5.04 crore and after negotiation, reduced it to 1% of the deal value of the property

May 04, 2024

Amendments Made In MD To Reflect Applicability Of The Provisions To SPDs

Directions on reporting of OTC foreign exchange derivative contracts and foreign currency interest rate derivative contracts to the Trade Repository of Clearing Corporation of India Ltd. have been updated

May 03, 2024

Amendments Made In MD To Reflect Applicability Of The Provisions To SPDs

Directions on reporting of OTC foreign exchange derivative contracts and foreign currency interest rate derivative contracts to the Trade Repository of Clearing Corporation of India Ltd. have been updated

May 03, 2024

97.76% Of Rs2000 Banknotes Has Been returned

The total value of Rs2000 banknotes in circulation, which was Rs3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs2000 banknotes was announced, has declined to Rs7961 crore at the close of business on April 30, 2024

May 02, 2024

CBI Searches Against App Based Fraudulent Investment

The searches led to the seizure of significant digital evidence, including mobile phones, computer hard drives, SIM cards, ATM/ Debit cards, email accounts, and various incriminating documents.

May 01, 2024

Proactive Forward-Looking Regulations Approved By SEBI Board: Goenka

Disclosure of financial statements via QR code or weblink. Digitisation of the fixed income industry will help in fast information dissemination and also increase efficiencies in listing of debt

May 01, 2024

Demonetisation: Ex Banker, Ex LIC Agent Sentenced TO 4 Years' Jail

Designated Court Sentenced 2 To Imprisonment With Total Fine Of Rs3.70 LAKH

Apr 30, 2024

REs Directed To Review Practices About Mode Of Loan Disbursal, Application Of Interest, Other Charges

Fair Practices Code for Lenders – Charging of Interest

Apr 30, 2024

RBI Issues MD For Entities Operating Electronic Trading Platforms

These Directions are issued to the entities operating Electronic Trading Platforms (ETPs) on which transactions in eligible instruments, as defined under these Directions, are contracted

Apr 29, 2024

World Economic Forum Convenes Special Meeting on Global Collaboration, Growth and Energy for Development

1,000 government, business and civil society leaders to gather in Riyadh, Saudi Arabia

Apr 27, 2024

Pension Portals Of All 5 Banks Integrated

The task of Integration of Pension Portal of SBI, Bank of Baroda, Punjab National Bank and Canara Bank with Bhavishya portal has been completed; With launch of Integrated Pensioners’ Portal of Bank of India, five Banks stand integrated to provide services from a single window

Apr 27, 2024

RBI Brings Better Clarity On SFB 'S Eligibility To Convert Into Universal Bank

Voluntary transition of Small Finance Banks to Universal Banks

Apr 27, 2024

USTR Lists Out Concerns With India on IP Protection & Enforcement

USTR Releases 2024 Special 301 Report on Intellectual Property Protection and Enforcement; The report details concerns and developments in 20 countries that USTR placed on the Watch List

Apr 27, 2024

India Continues To Exhibit Robust Economic Performance: FinMin

Going forward, India’s trade deficit may further decline as the PLI scheme deepens its coverage and extends to other sectors

Apr 26, 2024

RBI Directs KMB: Don't Onboard New Customers Through Online, Mobile Banking Channels

RBI directs Kotak Mahindra Bank to cease and desist, with immediate effect, from issuing fresh credit cards; Supervisory Action against the private bank under Section 35A of the Banking Regulation Act, 1949

Apr 24, 2024

RBI Issues Master Direction For ARCs

The ARC shall have a Board-approved policy regarding taking up the role of Resolution Applicant which may, inter alia, include the scope of activities, internal limit for sectoral exposures, etc.

Apr 24, 2024

Mangal Prabhat Lodha Held A Meeting With ITEES In Singapore

Maharashtra Skill Development Minister Lodha visited a Technical Education Institute during his visit to Singapore to impart good quality skill training to the youth of Maharashtra

Apr 24, 2024

SFBs Allowed To Deal In Rupee Interest Rate Derivative Products

This is done for hedging interest rate risk

Apr 23, 2024

Africa Should Invest In Tech & Innovation To Build A Prosperous And Sustainable Future

Antonio Pedro: Africa must invest in human capital development, research and development (R&D), and in learning how to produce, sell and use emerging technologies such as artificial intelligence and genomics that are transforming every aspect of life

Apr 21, 2024

Ex Banker Fined Rs15 Cr With 7 Years’ Jail

The Special Judge for CBI cases, Gandhinagar has sentenced accused Smt. Preeti Vijay Sahjwani, then Sr. Manager, Indian Overseas Bank (IOB) Vastrapur Branch, Ahmedabad to 07 years’ Imprisonment with fine of Rs. 15,06,50,000/- in a case related to offences of Criminal breach of trust, Forgery for valuable security, using forged document as genuine and causing wrongful loss to the bank.

Apr 21, 2024

Direct Tax Collections Up By 18% Y/Y At Rs23.37 Tn

Refunds aggregating to Rs3.79 lakh crore issued in FY 2023-24; Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs1.35 lakh crore i.e. by 7.40%

Apr 21, 2024

Shares Of Rs81.03 Cr Attached In Case Of Bank Fraud

ED initiated investigation on the basis of FIR registered by Central Bureau of Investigation on complaint filed by Central Bank of India against M/s SEL Textiles Limited and its directors for cheating and illegal diversion of loan amount to the tune of Rs1530.39 Crore

Apr 20, 2024

RBI Imposes Penalty Of Rs10 Lakh On NABFINS

This action is based on the deficiencies in regulatory compliance

Apr 19, 2024

Scheduled Banks’ Statement Of Position In India As On April 05, 2024

Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks

Apr 19, 2024

Raj Kundra’s Properties Of Rs97.79 Cr Attached

The attached properties include Residential flat situated in Juhu presently in the name of Smt. Shilpa Shetty, Residential Bunglow situated in Pune and Equity shares in the name of Raj Kundra

Apr 19, 2024

6 Coop Banks Penalized: Total Fine Rs63 Lakh

These actions on 6 coop banks are based on deficiencies in regulatory compliance

Apr 18, 2024

RBI Issues Fresh Directions For Sarvodaya Co-operative Bank

The issue of the above Directions by the RBI should not per se be construed as cancellation of banking license by RBI

Apr 15, 2024

4 Coop Banks Penalized: Total Fine Rs16 Lakh

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Apr 15, 2024

ECI: Rs1 Bn Daily Seizure Since 1st March

Rs. 4650 crores seized even before polling begins: Higher than total seizures in 2019 polls; ECI cracks down on money power

Apr 15, 2024

Dvara Kshetriya GFS, Tally Solutions Not Found Suitable To Set Up SFB

RBI has received 13 applications to set up bank under the Guidelines for 'on tap' Licensing of Universal Banks and SFBs

Apr 13, 2024

Dvara Kshetriya GFS, Tally Solutions Not Found Suitable To Set Up SFB

RBI has received 13 applications to set up bank under the Guidelines for 'on tap' Licensing of Universal Banks and SFBs

Apr 13, 2024

413 Land Parcels Of Rs52 Cr Attached In PMC Bank Case

The attached 1807 acres were having registered value of Rs 52.90 Cr and the Proceeds of Crime to the tune of Rs 82.30 Cr were utilised from 2010 to 2013 for acquiring these parcels of land

Apr 11, 2024

Can You Ever Imagine 500 Mn People Getting Into Banking Industry? : VP

Across various frontiers of cutting-edge technology, including quantum computing, machine learning, 6G technology, and green hydrogen, India is prominently positioned as a front runner.

Apr 09, 2024

RBI Penalizes 5 Coop Banks: Total Fine Rs17 Lakh

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Apr 09, 2024

Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch

IMF Blog: Financial sector stability: Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight

Apr 09, 2024

ECI Leverages Power Of Social Media To Engage Young Voters

Election Commission of India Nudges young & first-time voters through ‘Turning 18’ campaign to enhance participation in GE 2024

Apr 08, 2024

Innovation Be Promoted By Products, Platforms, Access To Offshore Markets, Regulation: Das

As we look forward to the next decade coinciding with RBI@100, we have to work together and usher in the next generation reforms to place India at a position it rightly deserves: Shaktikanta Das, Governor, RBI

Apr 08, 2024

ED Orders To Attach Assets Of Rs36 Cr In Bank Fraud

ED has issued a Provisional Attachment Order for assets of M/s Veena Developers in Bank Fraud case pertaining to Rakesh Wadhawan and Sarang Wadhawan Promoters of HDIL and others (Mack Star Case)

Apr 07, 2024

Kapol Coop Bank Excluded From 2nd Schedule To RBI Act, 1934

RBI communication addressed to all commercial and co-operative banks on 5th April, 2024

Apr 06, 2024

Need For Strengthening Cyber Security, Operational Resilience In UCBs: RBI ED

RBI Executives Guide Directors of Northern UCBs On Governance, Risk Management,

Apr 06, 2024

RBI’s New Website, Mobile Application Launched

The new website can be accessed using the URL https://website.rbi.org.in or through the QR code

Apr 06, 2024

RBI Penalizes IDFC First Bank (Rs1 Cr), LIC Housing Finance (Rs49 Lakh)

These actions are based on deficiencies in regulatory compliance

Apr 06, 2024

SFBs Allowed To Use Permissible Rupee Interest Derivative Products

Consumption Is Expected To Support Economic Growth In 2024-25

Apr 05, 2024

Policy Repo Rate Kept Unchanged At 6.50%

Prof. Jayanth R. Varma voted to reduce the policy repo rate by 25 basis points; MPC decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth

Apr 05, 2024

App To Be Started To Access Retail Direct Portal: UPI For Cash Deposit To Be Enabled

CBDC-Retail will be made accessible by the RBI to a broader segment of users by enabling non-bank payment system operators to offer CBDC wallets

Apr 05, 2024

5 Coop Banks Penalized, Total Fine Rs95 Lakh

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Apr 04, 2024

RBI Issues Master Circular On Housing Finance For UCBs

Finance provided by the UCBs to the eligible categories of borrowers shall be subject to the prescribed terms and conditions by the RBI

Apr 03, 2024

Unbridled Credit Growth, Laxity In Discipline Could Lead To Systemic Concerns

Even as the financial landscape evolves and transforms, the underlying principles of good governance, robust risk management, effective compliance, customer protection and responsible business conduct will be increasingly relevant

Apr 03, 2024

RBI Revises Penalties For Bank Branches, Currency Chests For Deficiency In Customer Service

Reserve Bank of India issues guidelines / instructions for realising the objectives of Clean Note Policy and enhancing the operational efficiency as part of currency management

Apr 01, 2024

Ultra-Violet Lamps Will Detect Counterfeit Notes

FNV Cell shall submit a status report on a half-yearly basis

Apr 01, 2024

RBI Endeavours To Promote Financial Sector That Is Robust, Resilient And Future Ready: Das

Given the rapid changes taking place in today’s world, especially in the areas of technology, innovation, business practices and growing complexities in the financial sector, the Reserve Bank is constantly evaluating the emerging trends and taking necessary policy measures to remain in sync with the evolving situation: RBI Governor

Apr 01, 2024

2 Ex Bankers, 1 CA Sentenced To RI In Bank Fraud Case

Designated court at Lucknow sentences four accused including two then managers of Allahabad Bank, a then partner/director of private companies and a chartered accountant to 3-5 years’ rigorous imprisonment with total fine of Rs Six lakh in a bank fraud case

Mar 31, 2024

Ex Asst Labour Commissioner Sentenced To RI

Designated Court Sentences Then Assistant Labour Commissioner, Hyderabad To 2 Years’ Rigorous Imprisonment With Fine Of Rs 1 Lakh In A Case Related To Disproportionate Assets

Mar 30, 2024

Passport Officer Sentenced To 5 Years RI

Designated court sentences then Passport officer with fine of Rs3.10 lakh in a bribery case

Mar 30, 2024

2 Bankers Sentenced To Rigorous Imprisonment In Bank Fraud Cases Of Rs24 Cr

Designated court sentences seven accused including then assistant manager of UCO Bank and then officer of Allahabad Bank to 03-07 years’ rigorous imprisonment with combined fine of Rs8.5 lakh in two separate bank fraud cases

Mar 29, 2024

When More Women Work, Economies Grow: VP

The Vice-President Jagdeep Dhankhar calls upon the women entrepreneurs to be ‘Vocal for Local’ and promote economic nationalism, while addressing the culmination ceremony of 40 years of FICCI Ladies Organisation

Mar 28, 2024

Gross Market Borrowing Of Rs7.50 Tn Planned In H1

Government’s Borrowing plan shall be completed through 26 weekly auctions

Mar 28, 2024

4 UCBs, 1 DCCB Penalized

These penalty actions on 4 coop banks are based on deficiencies in regulatory compliance

Mar 27, 2024

ED Conducts Searches At Payment Aggregators' Premises At Bengaluru, Pune

During the search operations, amounts totaling to Rs16.43 Crore were frozen under the PMLA, 2002

Mar 22, 2024

Omnibus Framework For Recognition Of SROs For REs Of RBI

The omnibus SRO framework prescribes the broad objectives, functions, eligibility criteria and governance standards, which will be common for all SROs, irrespective of the sector

Mar 22, 2024

Safe Banking Practices: Protecting Young

Often operating outside the regulatory envelope and unconstrained by legacy systems that typically encumber traditional banks, fintech companies exhibit remarkable agility and adaptability in offering customised financial products

Mar 22, 2024

All Agency Banks To Remain Open For Public On March 31, 2024

Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday).

Mar 20, 2024

5 Including Bank Manager Sentenced To RI With Fine Of Rs62 Lakh

Designated court sentences five accused to Rigorous Imprisonment of 05 years in a bank fraud case

Mar 19, 2024

CBI Arrests CGST Officer, Inspector For Bribe Of Rs1.5 Lakh

It was alleged that accused Assistant Commissioner demanded Rs6,00,000/- bribe from complainant for settling the Show Cause Notice related to Service Tax

Mar 18, 2024

CBI Arrests Income Tax Officer, Bank Manager In Cases Of Bribery

CBI arrested Branch Manager, Aryavart Bank, Ajnar Branch, Mahoba, U.P. while accepting bribe of Rs. 6000/- from the complainant

Mar 18, 2024

EC Enhances Usage Of IT Application: Social Media Will Promote Voter Turnout

‘SVEEP’ is promoting online portals and mobile apps to empower citizens with knowledge about their electoral rights; Voter Information Slip will include information like Polling Station, Date, Time etc. with QR code; Photo Electoral Rolls will be used; Announcement of schedule for general elections to Lok Sabha And Legislative Assemblies Of Andhra Pradesh, Arunachal Pradesh, Odisha & Sikkim, 2024

Mar 17, 2024

ED Conducts Search Operations Under PMLA In Nashik, Thane

The case is against KBC Multitrade Pvt Ltd and their Promoters / Directors

Mar 16, 2024

Technology, With Behavioural Analysis, Can Reflect Exceptions To Consumer Behaviour: Das

While the Offices of Ombudsman need to intensify data analytics and use of technology for streamlining the internal processes, adoption of similar approach by the regulated entities is crucial for upholding public trust

Mar 16, 2024

Minimum Rs41.50 Bn To Be Invested For Manufacturing E-Vehicles

Companies that set up manufacturing facilities for e-vehicles will be allowed limited imports of cars at lower customs duty

Mar 16, 2024

1000 Skill Development Centers To Be Started In Next 3 Months: Lodha

Young generation should acquire advanced skills along with education: Fadnavis

Mar 16, 2024

Integrated Price Monitoring Dashboard Launched

CCPA website for seamless redressal of violation of consumers rights launched by union minister Piyush Goyal

Mar 16, 2024

PM Inaugurated 3 Semiconductor Facilities Of Rs 1.25 Tn

India's Techade: Chips for Viksit Bharat' program

Mar 14, 2024

7,03,544 Complaints Were Received At ORBIOs & CRPC

85.64% of the total complaints were received through digital modes; The overall disposal rate for the year at the ORBIOs stood at 97.99% with an average Turn Around Time (TAT) of 33 days

Mar 12, 2024

Solar Projects Worth Rs74 Bn To Be Developed In Maharashtra

The projects will be developed in 4 districts of Nashik, Solapur, Ahmednagar and Pune

Mar 09, 2024

DoT Initiates Spectrum Auction Of Rs960 Bn

It is not required by the successful bidder to submit a Financial Bank Guarantee (FBG) and Performance Bank Guarantee (PBG)

Mar 09, 2024

CBI Registers Case Against 4 Visa Consultancy Firms For Human Trafficking

The trafficked Indian Nationals were trained in combat roles and deployed at front bases in Russia - Ukraine War Zone against their wishes, thus, putting their lives in grave danger; Searches underway at more than 10 locations in 07 cities

Mar 08, 2024

Media & Entertainment Is Growing At CAGR Of 13%

Atul Kumar Tiwari: Role of skilling, education in media and entertainment sector critical in realizing vision of Viksit Bharat: Secretary, Skill Development & Entrepreneurship, GoI

Mar 08, 2024

CBI Conducts Searches At 67 Locations: Case Of Rs820 Cr Related To UCO Bank

CBI conducts searches in seven cities in an on-going investigation of a case in connection with suspicious IMPS transactions

Mar 07, 2024

PM Modi Has Made 40 Policies In 10 Years To Shape Economy: Shah

Union Home Minister and Minister of Cooperation, Shri Amit Shah, addresses IGF Annual Investment Summit – NXT10 in Mumbai

Mar 07, 2024

Finance Head Of A Firm Arrested For GST Evasion Of Rs 88 Cr

CGST Mumbai Zone, CGST Navi Mumbai Commissionerate arrested the person of a firm for supplying taxable service amounting to Rs. 492 Cr approximately without issuing any tax invoice

Mar 06, 2024

Agents Will Have To Report MTSS Statement On CIMS Portal

Submit a quarterly statement on the quantum of remittances received through Money Transfer Service Scheme using the eXtensible Business Reporting Language (XBRL) platform

Mar 06, 2024

CBI Arrests 2 Project Directors Of NHAI

Taking total arrests to 8 in an on-going investigation of a case related to bribery of rs20 lakh; After further searches cash recovery/seizure comes to over Rs2 crore (approx) including bribe money

Mar 05, 2024

Newspaper Registration Goes Online: Portal With E-Sign, Digital Payment Gateway

The Press Sewa Portal intends to put in place a chatbot-based interactive grievance resolution mechanism. The Portal ensures paperless processing and offers services with e-sign facility, digital payment gateway, QR code-based digital certificates for instant download.

Mar 02, 2024

Paytm Payments Bank Penalized Of Rs 4.59 Cr By FIU-IND

After considering the written and oral submissions of the Paytm Payments Bank Ltd, Director, FIU-IND, based on the voluminous material available on record, found that the charges against Paytm were substantiated

Mar 01, 2024

Real GDP Grew By 8.4% In Q3, FY’23-24

Indian economy remained resilient with robust 7.6% growth rate of GDP in FY 2023-24 over and above 7% growth rate in FY 2022-23

Mar 01, 2024

5 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 29, 2024

3 Banks And An NBFC Penalized: Total Penalty Crosses Rs3 Cr

One bank has been penalized for non-compliance with certain directions issued by RBI on ‘Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures’, ‘Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)’ and ‘Resolution Framework - 2.0: Resolution of Covid-19 Related Stress of Individuals and Small Businesses’

Feb 27, 2024

Ex Employee Of A Bank Sentenced To Rigorous Imprisonment

CBI also fined former Chief Manager of the bank Rs4,37,500

Feb 26, 2024

Need for Action Against Greenwashing: Anita

Any lack of transparency can undermine trust and confidence in the system> Anita Shah Akella (IA&AS), Joint Secretary of the Ministry of Corporate Affairs

Feb 26, 2024

India’s longest Cable-stayed bridge Built At Cost Of Rs9.80 Bn Opened by PM

Sudarshan Setu has a total of 12 tourist galleries giving an expansive view of the ocean; The electricity consumption for lighting the bridge will be generated from the solar panels fitted to it; Multiple development projects worth more than Rs4150 crores in Dwarka dedicated to the nation

Feb 26, 2024

Reforms Needed For Labour Laws, Privatization Of PSUs: Panagariya

Chairperson, 16th Finance Commission at ABP Network’s ‘Ideas of India’ Summit 3.0: “The conditions are perfectly there for India to take the world by storm. India is now the only economy, which is growing strongly.”

Feb 24, 2024

PM Launches 18,000 PACS' Computerization: PACS To Be Linked With Software by August: Shah

The accounts of 20 different activities of PACS will be integrated into single software: Amit Shah; PACSs have been strengthened by computerizing them with an outlay of Rs25 Bn; PM inaugurated pilot project of ‘World's Largest Grain Storage Scheme in Cooperative Sector’ in 11 Primary Agricultural Credit Societies (PACSs) in 11 states

Feb 24, 2024

FM Opens BITS Pilani's Digital Campus in MMR: Indian Youth should take up Int'l Arbitration

FM praised the Artificial Intelligence initiative in BITS Pilani, which is working on message to video conversion using AI and hoped that it will be available to market in affordable way for usage

Feb 24, 2024

CBI Arrests Senior Railway Railway In Bribe Case

CBI has arrested Chief Office Supdt., DRM Office, Western Railway, Mumbai for demanding and accepting bribe of Rs50,000/- from a complainant (representative of a private company) for processing three bill

Feb 24, 2024

Mumbai-Thane-Surat-Ahemadabad To Become Single Economic Zone Due To High Speed Rail: Vaishnaw

High Speed Rail corridor targeted to begin functioning between Surat and Bilimora by 2026: Minister for Railways visits Bullet train construction sites at Vikhroli and BKC in Mumbai

Feb 23, 2024

ED Files PC Against Ex Judge In Bribery Case

ED initiated investigation on the basis of FIR registered by Anti-Corruption Bureau, Panchkula (Haryana) under various sections of Indian Penal Code, 1860 and Prevention of Corruption Act, 1988 against the accused

Feb 22, 2024

PC Filed Against Tower Infotech For Fraudulently Issuing Investment Certificate

High Court, Jharkhand had directed CBI to take over investigations of all FIRs registered in the state of Jharkhand against Chit-Fund Companies

Feb 21, 2024

Japan Commits Loan Of Yen 232.209 Bn For 9 Projects In India

The Govt. of Japan has committed Official Development Assistance loan of for nine projects in various sectors

Feb 20, 2024

CBI Arrests EPFO Officer For Taking Bribe Of Rs 2 Lakh

CBI has registered a case on complaint against the said Enforcement Officer, EPFO, Tirunelveli, Tamil Nadu on allegations that accused demanded bribe of Rs15 lakh from complainant who is running a software company at Tirunelveli

Feb 20, 2024

CBI Arrests Passport Officers; Searches Lead To Recovery Of Rs20 Lakh Cash

CBI apprehended accused APO red handed while accepting bribe of Rs 25,000. RPO and another APO of Regional Passport Office, Jalandhar were also apprehended

Feb 17, 2024

CBI Apprehends 3 Railway Engineers In Cases Of Bribery

CBI apprehends 4 persons including two senior section engineers and one assistant divisional electrical engineer of two railway zones in two separate cases of bribery

Feb 17, 2024

APEDA drives agri exports to USD 26.7 bn in FY 2022-23

APEDA's 38th Foundation Day marks agricultural export expansion milestone keywords Agricultural and Processed Food Products Export Development Authority (APEDA), export basket, Principal Commodities, Basmati Rice, and Fresh Vegetables.

Feb 17, 2024

Govt Increases Authorized Capital Of FCI To Rs 210 Bn

FCI is creating an Integrated IT system, leveraging existing internal systems (FAP, HRMS) and external systems (State procurement portals, CWC/SWC

Feb 17, 2024

APEDA Enables 500 Startups To Market & Export Millet Based Products

Sangrur farmer turns exporter, ships 14 metric tonne ready-to-cook millets to Australia

Feb 14, 2024

PM Gives 300 Units Of Free Electricity Per Month: Solar Investment At Rs750 Bn

From substantive subsidies, which will be given directly to people's bank accounts, to heavily concessional bank loans, the Central Government will ensure that there is no cost burden on the people

Feb 14, 2024

CBT Recommends 8.25 % Interest Rate To EPF Subscribers For ’23-24

The Board has recommended a distribution of historic income amount of Rs1,07,000 crores to EPF members' accounts on a total principal amount of about Rs. 13 lakh crores

Feb 10, 2024

New India Will Work With Super Speed: Modi’s Guarantee

PM addresses ET Now Global Business Summit 2024: Through the Swacchta Abhiyan where the government made Rs1100 crores by selling office junk lying around in government buildings; “Stability, consistency and continuity make for the ‘first principles’ of our overall policy making”; “Productive expenditure in the form of capital expenditure, unprecedented investment in welfare schemes, control on wasteful expenditure and financial discipline - Four main factors in each of our budgets”

Feb 10, 2024

Policy Repo Rate Unchanged At 6.50%

The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth

Feb 08, 2024

PM: Momentum Being Given To Rural Economy Through 'Waste To Wealth Management

The Global Biofuels Alliance has brought together governments, institutions and industries from all over the world

Feb 06, 2024

1,700 Fake ITC Cases of Rs180 Bn Detected Through Data Analytics

98 fraudsters/masterminds have been apprehended by the Directorate General of GST Intelligence (DGGI) by using data analytics aided by advanced technical tools

Feb 05, 2024

2 Cr More Houses Will Be Built For Rural Middle Class

Government To Launch Housing Scheme For Deserving Sections "Living In Rented Houses, Or Slums, Or Chawls And Unauthorized Colonies" To Help To Buy Or Build Their Own Houses ; Five Integrated Aquaparks To Be Setup

Feb 01, 2024

Fiscal Deficit In 2024-25 Pegged At 5.1% Of GDP: Real GDP Projected To Grow At 7.3%

The Gross And Net Market Borrowings Through Dated Securities During 2024-25 Are Estimated At Rs 14.13 Lakh Crore And 11.75 Lakh Crore Respectively; Capital Expenditure Outlay For The Next FY Is Being Increased By 11.1 %To Rs 11,11,111 Crore, Which Would Be 3.4 %Of The GDP; Scheme Of 50 Year Interest Free Loan For Capex To States Will Be Continued This Year With Total Outlay Of Rs 1.3 Lakh Crore; Development Approach For Making India Viksit Bharat By 2047; About One Crore Tax Payers Expected To B

Feb 01, 2024

FM Retains Same Rates For Direct Taxes, Indirect Taxes And Import Duties

Tax benefits to Start-Ups, investments made by Sovereign wealth funds or pension funds extended to 31.03.2025

Feb 01, 2024

Continuation Of Scheme For RoSCTL For Export Of Apparel Approved

Cabinet approves Scheme of Sugar Subsidy for AAY Families under PDS; marketing margin for supply of Domestic gas to Fertilizer and extension of Animal Husbandry Infrastructure Development Fund

Feb 01, 2024

ED Provisionally Attached Gold Worth Rs.2.16 Crore Of Jeweller

ED initiated investigation on the basis of a show Cause Notice issued by the Commissioner of Customs, Customs Preventive Commissionerate, Ernakulam

Feb 01, 2024

GST Revenue In Jan’24 Up By 10.4% At Rs1,72,129 Cr

WITH OVERALL COLLECTION REACHING RS16.69 LAKH CRORE, GST COLLECTIONS REGISTER 11.6% Y-O-Y GROWTH IN 10-MONTH PERIOD; THE GOVERNMENT HAS SETTLED RS43,552 CRORE TO CGST AND RS37,257 CRORE TO SGST FROM THE IGST COLLECTION

Feb 01, 2024

Import Duty On Smartphone Spare Parts Reduced

In a notification issued by the union finance ministry just ahead of the union budget, the import duty on the spare parts, used in mobile phones manufacturing has been reduced from 15% to 10%

Jan 31, 2024

5 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Jan 30, 2024

India Can Be US$7 Tn Economy By 2030

The advent of Artificial Intelligence poses the profound and troubling questions for growth in services trade and employment since technology might remove the advantage of cost competitiveness that countries exporting digital services enjoy

Jan 30, 2024

Female Employees/ Pensioners Can Grant Pension To Children

Govt amends CCS (Pension) Rules, 2021

Jan 29, 2024

Madhabi Puri Guides Brokers Industry Standards Forum

SEBI Chairperson Madhabi Puri Buch: When standards are proposed by the market practitioners themselves, many wrinkles in implementation are ironed out at inception

Jan 29, 2024

1 Out Of Every 10 U.S. Visa Applicants In The World Is Indian     

U.S. Sets Visa Records in India in 2023 through Innovations, and Increased Efficiency; The U.S. consular team in India issued over 140,000 student visas in 2023 – more than in any other country in the world setting a record for the third year in a row

Jan 29, 2024

SEBI Should Specify Due Diligence To Be Done By AIF Before Accepting Investments: Punit

Over the past few months, SEBI has come across more than 40 cases involving over INR 30,000 crores, where AIFs appear to have been structured to facilitate circumvention of certain financial sector regulations

Jan 27, 2024

CBI Apprehends GST Superintendent In Bribe Case

CBI laid a trap and caught the accused red handed while accepting partial bribe amount of Rs20,000/- from the complainant

Jan 27, 2024

Properties Attached In Case Of A Coop Bank

The attached properties consist of immovable properties, a Car & Gold Jewellery

Jan 26, 2024

A Proprietor & A Guarantor, Given RI For Causing Loss To Central Bank Of India

It was alleged that accused diverted the funds for their personal gain without its end utilization and caused loss to the tune of over Rs4.40 crore

Jan 26, 2024

Fund Diversion From Religare Finvest: ED's Searches In Mumbai

ED initiated investigation on the basis of FIR registered by EOW, Delhi Police wherein Religare Finvest Ltd (RFL) made allegations against the 4 companies of hatching a criminal conspiracy for causing wrongful loss to RFL by defaulting on a loan of Rs150 Crore

Jan 26, 2024

‘Settlement And Commitment’ Framework Will Expedite Anti-Trust Enforcement Process: Kaur

CCI is committed to inclusive and transparent governance, particularly in the formulation of regulations: Chairperson, CCI

Jan 25, 2024

‘Finances Of Panchayati Raj Institutions’ Report Released

An assessment of the fiscal health of Panchayati Raj Institutions (PRIs) is challenging due to the uneven availability of data on their revenues and expenditures

Jan 25, 2024

Access Union Budget On Mobile App: Halwa Tasted

The App can also be downloaded from the Union Budget Web Portal www.indiabudget.gov.in; Final stage of preparations for Interim Union Budget 2024 commences with Halwa Ceremony

Jan 24, 2024

200 Ropeway Projects Of Rs1.25 Tn Will Be Developed In 5 years: Gadkari

Projects will be identified under National Ropeways Development Programme "Parvatmala Pariyojana"

Jan 24, 2024

RBI’s January 2024 Bulletin

The Bulletin includes seven speeches, six articles, current statistics. Financial Stability Report December 2023 and Report on Trend and Progress of Banking 2022-23 are supplements to the January 2024 Bulletin

Jan 24, 2024

PM Targets Installing Rooftop Solar On 1 Cr Houses

PM chairs a meeting to launch "Pradhanmantri Suryodaya Yojana, which aims to reduce the electricity bill of the poor and middle class, along with making India self-reliant in the energy sector

Jan 23, 2024

Comprehensive Resolution Framework For Financial Service Providers Needed: Swaminathan

Need to look at resolution of conglomerates and addressing resolution of corporate groups: Deputy Governor, RBI

Jan 22, 2024

RBI’s December 2023 Bulletin

The Bulletin includes Monetary Policy Statement December 8, 2023, two speeches, seven articles and current statistics

Jan 22, 2024

Properties Of Rs8.89 Cr Attached In Satta Matka Betting Case

ED investigation revealed that illegal Online Betting App such as Dhangames and other Satta Matka Apps were being operated in Madhya Pradesh, Karnataka and other parts of the country to lure unsuspecting masses

Jan 20, 2024

Public Holiday on Jan 22, VRR Auction On Jan 23

The 3-day Variable Rate Repo (VRR) auction conducted on Friday with date of reversal on January 22, 2024 will now be reversed on January 23, 2024

Jan 20, 2024

ED Attaches Properties Of Rs36 Cr: Fraudulent Awarding Of Mediclaim Tender

ED initiated investigation on the basis of FIR registered by the CBI, ACB, Srinagar

Jan 19, 2024

Alliance for Women's Health To Boost Global Economy by $1Tn Annually

According to the World Economic Forum report, women on average spend 25% more of their lives in poor health than men. Closing the health gap facing women globally could lead to a 1.7% increase in per capita GDP, with every $1 invested in these efforts potentially unlocking $3 in economic growth

Jan 18, 2024

Tech Cooperation Set to Improve Global Trade

TradeTech Global initiative outlines a vision for collaborative use of technology for global commerce to unlock trillions in trade

Jan 17, 2024

GGTC Berlin To Focus On Innovation, Digital Transformation, Application Of Emerging Tech

Govt Tech To Become Biggest Software Market Of Over $1 Trillion By 2028

Jan 16, 2024

India-US Bilateral Trade Likely Surpassed $200 Bn In 2023

Joint statement on India - United States on Policy Forum

Jan 13, 2024

PM Dedicates Projects Of Rs127 Bn In Maharashtra

Narendra Modi Inaugurates Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu and lays foundation stone of underground road tunnel connecting Eastern Freeway's Orange Gate to Marine Drive

Jan 13, 2024

VGGS: MoUs For Rs26.33 Tn Investments Signed

Investor Facilitation Portal (IFP) has registered total MoUs for 98,540 projects, with proposed investments of Rs45.20 lakh crore, that have been inked between duration of conclusion of 9th and 10th VGGS.i.e. during 2019 to 2024

Jan 12, 2024

RBI Has Strengthened Supervisory Data Analytics To Capture Potential And Emerging Risks: Das

RBI has issued differentiated cybersecurity baseline control frameworks for the varied entities; A graded approach for the co-operative banks has been implemented, depending upon the digital services they offer

Jan 12, 2024

Microchip Will Manufacture 1st Made In India Semiconductor Chip In Gujarat In 2024

A green energy plant with a 30,000-MW capacity is currently under construction in Gujarat, aiming to supply environmentally friendly energy to various industries, including semiconductors

Jan 11, 2024

India-UAE Eying Partnership In Space: Goyal

UAE – India CEPA Council (UICC) website launched, Dr. Thani bin Ahmed Al Zeyoudi spoke about the wealth of prospects for the respective private sectors, who now benefit from lower tariffs, better market access, and more investment pathways

Jan 11, 2024

Structural Reforms Have Enhanced Economy’s Capability & Competitiveness: PM

Narendra Modi; Global institutions are upbeat about India's economic growth

Jan 10, 2024

200 Japanese Cos In VGGS

PM Modi welcome Sheikh Mohamed bin Zayed Al Nahyan, President of UAE at Ahmedabad Airport

Jan 09, 2024

FM Sanctions Rs52 Cr For NABARD Initiatives in Sikkim

The successful transition of all MPCSs to the 'go live trial' stage in PACS computerization project marks a pioneering achievement

Jan 09, 2024

Land Parcel Of Rs37 Cr, 3 Flats Attached In Bank Fraud Case

The FIR was registered by CBI on the complaint against Associate High Pressure Technologies by Union Bank of India for defrauding them

Jan 09, 2024

India Post's Franchisee Scheme from Feb 1: Kiranas, Shops, Paanwalas Can Be Engaged

69 Dak Ghar Niryat Kendras made operationalized in Maharashtra and Goa State

Jan 08, 2024

Holders Will Receive 75% Refund Upon Return Of GIDC Plots

CM Bhupendra Patel launched the "Double Decker AC Electric Bus" at Gift City. 1800 hectares of undeveloped land across various GIDCs in the state will facilitate the establishment of new industries, fostering job creation and economic development

Jan 08, 2024

Central Banks Bought Net 44 Tonnes Of Gold

Gross purchases (60t) heavily outweighed gross sales (15t) as central bank demand maintained its momentum

Jan 08, 2024

Patna Jeweller Remanded To Judicial Custody In Bank Fraud Case

ED initiated investigation on the basis of FIR and subsequent charge-sheet, alleging that the fraudulent transactions of Rs31.93 Cr from the bank account of Competent Authority for Land Acquisition (CALA) cum District Land Acquisition Officer (DLAO) were executed and funds were siphoned off using bank accounts of various shells/dummy entities

Jan 06, 2024

5 Year’s Rigorous Imprisonment, Fine Of Rs1.05 Cr Imposed On Postal Official

It was alleged that the accused during 2007 to 2012 at Tiruvottiyur Post Office, Chennai entered into conspiracy related to forging the signature of depositors in the withdrawal/closure forms & pre maturely closing monthly income scheme, RD Scheme and Senior citizen Saving Scheme of the depositors for misappropriating the proceeds of deposits

Jan 06, 2024

ED Attaches Properties Of Ex DRO Of Haryana

Case of embezzlement of NHAI and HSIIDC funds

Jan 06, 2024

Gadkari inaugurates 12 National Highway projects of Rs14.64 Bn in Kerala

The proposed projects aim to enhance seamless connectivity between Tamil Nadu and Kerala, ensuring swift and trouble-free transportation

Jan 06, 2024

Gujarat CM inaugurates 18th GIHED property show

CREDAI pledged to fulfil the five resolutions made to commemorate their 25 years of celebration

Jan 05, 2024

Amit Shah launches portal developed by NAFED & NCCF

Cooperation Minister: We will buy pulses from all the farmers who register on this portal even before production...this is PM Modi's guarantee

Jan 05, 2024

Submarine Optical Fibre Connection will ensure 100 times faster Internet for Lakshadweep: PM

The Connection under the project, funded by Universal Services Obligation Fund will ensure a paradigm shift in communication infrastructure in the Lakshadweep islands

Jan 03, 2024

MoUs Over Rs7 Tn Signed In Gujarat

Record MoUs have been signed in a single day in the presence of Chief Minister Bhupendra Patel

Jan 03, 2024

CICs Asked To Focus On 6 Key Areas

Deputy Governor, Reserve Bank of India meets MD & CEOs of Credit Information Companies

Jan 03, 2024

6 properties, 61 gold coins, Rs3 Cr Cash, Of Ex- JCEE, provisionally attached

ED initiated investigation on the basis of two FIRs registered by Directorate of Vigilance and Anti-Corruption (DVAC), Vellore, Tamil Nadu, against M. Pannirselvam for corruption and acquiring assets to the tune of ? 7.54 Crore through ill gotten money which is disproportionate to his known sources of income

Jan 03, 2024

Tenure Of PLI Scheme For Automobile Extended By 1 Year

the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24

Jan 02, 2024

Record 8.18 Cr ITRs Filed For AY2023-24, Up By 9%

Income Tax Department made over 103.5 crore outreaches through targeted e-mail, SMS and other creative campaigns

Jan 02, 2024

97.38% Of Rs2000 Banknotes Has Been Returned

Withdrawal of Rs2000 Denomination Banknotes – Status

Jan 02, 2024

Rs1,64,882 Cr GST Collection For December, 2023

Posting a growth rate of 12% Y-o-Y, Rs14.97 lakh crore gross GST collection during April-December 2023 period

Jan 01, 2024

5 Years Rigorous Imprisonment To Ex Bank Employee In Fraud Case

CBI had registered a case on 30.03.2011 on complaint from Oriental Bank of Commerce, Indore that then Chief Manager in collusion with other accused, had sanctioned Cash Credit Facilities amounting to Rs8.1cr against forged Ware House Receipts to 7 firms

Jan 01, 2024

Rigorous Imprisonment To Ex Manager Of PSU Bank

The accused adopted different modus operandi for his personal benefits and manipulated the entries in the Core Banking System (CBS) of the bank by using his own User ID & User IDs of other officers of the bank

Jan 01, 2024

Dr. Arvind Panagariya Is Chairman Of 16th Finance Commission

Ritvik Ranjanam Pandey has been appointed as Secretary to the Commission

Jan 01, 2024

Aim For 100% E-Business, Shah Guides NCDFI

Cooperation Minister: We are giving Rupay cards to every farmer. Every village dairy is being made a ‘Bank Mitra’ and is being provided ATMs, and the accounts of the dairy and every farmer are being transferred to the District Cooperative Bank; Headquarters of NCDFI is going to be built in Anand at an expense of about Rs32 crore and will be a 100 percent green building

Dec 31, 2023

Ayodhya Airport @Rs14.50 Bn, To Serve 1Mn People

The airport will improve connectivity, leading to a boost in tourism, business activities and employment opportunities; PM dedicated to the nation multiple development projects worth more than Rs15,700

Dec 30, 2023

Internal Ombudsman Shall Be Apex Authority On Consumer Grievance Redress In REs

The Internal Ombudsman / Deputy Internal Ombudsman cannot be removed before the completion of his / her contracted term without the explicit approval of the Reserve Bank of India

Dec 29, 2023

Invest India, DPIIT & SCALE Committee Deliberate On 11 Focus Sectors

DPIIT hosts Chintan Shivir for Manufacturing

Dec 29, 2023

RBI imposes monetary penalty on 5 Coop Banks

These actions against 5 Coop banks are based on deficiencies in regulatory compliance

Dec 29, 2023

ED Arrests One In Illegal Forex Trading Case

ED initiated investigation on the basis of FIR registered by Kolkata Police under various sections of IPC

Dec 28, 2023

CBI Arrests Regional Provident Fund Commissioner In Bribery Case

The instant case was registered on complaint against an EPFO officer and a private person, both resident of Nashik, Maharashtra

Dec 28, 2023

Stress In NBFC Sector Assessed To Be Higher

RBI releases the Financial Stability Report, December 2023

Dec 28, 2023

RBI Permits Lending & Borrowing Of G-Secs, except Treasury Bills

Based on the comments received, the Directions have been finalized and are being issued herewith; RBI (Government Securities Lending) Directions, 2023

Dec 28, 2023

Services Exports Grew Due To Software, Business And Travel Services

Net outgo on the primary income account, primarily reflecting payments of investment income, increased to US$ 12.2 billion from US$ 11.8 billion a year ago

Dec 27, 2023

RBI'S Reverse Gear On AIFs, Action Is Disproportionate

The blanket ban on all investments in AIFs with downstream investments in debtor companies suggests a misplaced notion that all such investment are tantamount to "evergreening"

Dec 27, 2023

Mazdooron Ka Hit, Mazdooron Ko Samarpit

PM Gives cheque of about Rs2.24 Bn pertaining to the dues of the Hukumchand Mill workers, to the official liquidator and heads of the Labour Union

Dec 25, 2023

SVANidhi Yojana Has Created Self-Employment: Shah

The government has made arrangements for small hawkers to get loans without any guarantee under the scheme

Dec 25, 2023

SVANidhi Yojana Has Created Self-Employment: Shah

The government has made arrangements for small hawkers to get loans without any guarantee under the scheme

Dec 25, 2023

A DCCB Penalized

RBI's action is based on deficiency in regulatory compliance

Dec 25, 2023

AD Category-I Banks Shall Upload LRS Daily Return On CIMS Portal

LRS for Resident Individuals- Reporting of monthly return and daily transactions

Dec 25, 2023

CBI Arrests Post Official For Taking Bribe

The Central Bureau of Investigation has arrested a Senior Superintendent of Post Offices, Bhimavaram Division, West Godavari District (Andhra Pradesh) for demanding & accepting bribe of Rs. 2.5 lakh from the Complainant

Dec 25, 2023

7 Years Jail To Ex Protector Of Emigrants For Graft

It was alleged by CBI that during the years 2007 to 2009, R Sekar, then Protector of Emigrants (POE), along with others, entered into a conspiracy and in pursuance of that, collected bribe amount in the form of 'Speed Money' from various Recruiting agents for clearance of Emigration Certificates

Dec 25, 2023

147 MoUs, with potential investments Of Rs2.91 Tn, signed Under VGGS 2024

A total of 47 MoUs were concluded in a single day In the run up to the Vibrant Gujarat Global Summit 2024

Dec 25, 2023

FinMin Rebuts IMF Report On India’s Debt Situation

Factual position vis-à-vis IMF's Article IV consultations with India

Dec 23, 2023

Property Of Rs35 Cr Provisionally Attached In Bank Fraud Case

ED investigation revealed that the loan amount had been diverted to various bogus firms

Dec 23, 2023

ED arrests accused under PMLA In Bank Fraud Case

ED investigation revealed that the bank branch manager and his associates, who were found involved in the process of money laundering, were arrested

Dec 23, 2023

NARCL & Banks Flagged Challenges To DFS

MDs of the banks shall monitor particularly top 20 IBC accounts at their level

Dec 23, 2023

World Bank & DEA Launch PPP Beginner’s E-Course

The course aims to foster collaboration between public and private sectors in infrastructure capacity-building

Dec 23, 2023

RBI imposes monetary penalty on 4 Coop Banks

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Dec 23, 2023

IT Dept’s Search Operations In 3 States, Cash Of Rs3.51 Bn Seized

During the search operation, a large number of incriminating evidence in the form of documents and digital data has been found & seized

Dec 22, 2023

RBI Invites Comments On The ‘Draft Omnibus Framework For Recognising SROs For Its REs

Comments/ feedback from the stakeholders and members of the public on the draft omnibus framework may be submitted to the RBI by January 25, 2024, through e-mail

Dec 22, 2023

NIIF To Invest Rs6.75 Bn In Airport At AP

The greenfield airport at Bhogapuram, Andhra Pradesh is being developed by GMR Airports

Dec 21, 2023

Include gender view in voluntary sustainability standards: Sirohi

Advancing the Role of Women in Agriculture Supply Chain

Dec 21, 2023

RBI Releases December 2023 Bulletin

With strong growth in tax and non-tax revenues in H1:2023-24, the States have frontloaded their capital spending, aided by the Centre's scheme for 'Special Assistance to States for Capital Investment'

Dec 21, 2023

CDC Takes Centre Stage In Dubai At Cop28

This year, the conference convened over 70,000 participants, including heads of state, government officials, industry leaders, academics, and representatives from across the world at Expo City Dubai

Dec 21, 2023

Cards Can Be Tokenised For Multiple Merchant Sites Through Single Process

It has been decided by the RBI to enable CoFT directly through card issuing banks / institutions also

Dec 21, 2023

DigiYatra To Be Promoted In Festive Seasons

To explore best practices, the airport operators are tasked with presenting biometric enabled models being successfully used in other countries

Dec 20, 2023

RBI imposes monetary penalty on 5 Coop Banks

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Dec 20, 2023

India’s DPI, Strong Govt Infra Program Will Sustain Growth: IMF

India's growth is expected to remain strong, supported by macroeconomic and financial stability. Real GDP is projected to grow at 6.3% in FY2023/24 and FY2024/25

Dec 20, 2023

RBI Tightens Norms for Lenders Investing in AIFs

REs shall not make investments in any scheme of AIFs which has downstream investments either directly or indirectly in a debtor company of the RE

Dec 19, 2023

4.38 Cr ABHA Cards Created

Footfall of more than 10 crore people recorded in over 12.6 lakh Health Melas

Dec 18, 2023

Properties Of Rs2 Bn Attached In Financial Fraud

ED initiated investigation on the basis of the investors' complaints lodged before the Economic Offences Wing (EOW), Madurai against Neomax Properties

Dec 18, 2023

PM to inaugurate Surat Diamond Bourse On Sunday

SDB will be a global centre for trading of both rough and polished diamonds as well as jewellery. Bourse will comprise state of the art ‘Customs Clearance House’ for Import – Export; Jewellery mall for retail jewellery business and facility of International Banking and Safe Vaults

Dec 16, 2023

Push for MSMEs required in global value chain system: Vimala

Sudhir Panikassery: Long-term benefits for MSMEs might come from utilizing digital transactions and a simple procurement process

Dec 15, 2023

Indian banks increase their overseas presence

Overseas business of Indian banks expanded as both mobilisation of deposits as well as lending activities increased during the yearOverseas business of Indian banks expanded as both mobilisation of deposits as well as lending activities increased during the year

Dec 15, 2023

RBI imposes monetary penalty on 5 Coop Banks

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Dec 15, 2023

Computerization of 1,851 ARDBs Approved At Outlay Of Rs1.19 Bn

NABARD is the implementing agency for the project and will develop a common national level software for Agricultural and Rural Development Banks

Dec 13, 2023

RBI cancels Certificate of Registration of Jaryal Motor Finance

The NBFC company shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934

Dec 13, 2023

Atal Pension Yojana Enrolments Cross 6 Cr Mark

The feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all banks

Dec 13, 2023

Processing of e-mandates for recurring transactions

This circular is issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), and shall come into effect immediately

Dec 13, 2023

State Finances: A Study of Budgets of 2023-24

The theme of this year's Report is "Revenue Dynamics and Fiscal Capacity of Indian States"

Dec 12, 2023

RBI Cautions Against Unauthorised Campaigns On Loan Waiver

These entities seem to be actively promoting many such campaigns in the print media as well as social media platforms

Dec 11, 2023

Draft Rules For Privacy & Security Of Personal Data Will Be Enlisted Soon

Bhupinder Singh Bhalla: We need about 27 lakh crores of investment in Renewable Energy capacities, much of it will have to come from within India

Dec 11, 2023

CBDC Can Cut Cross-Border TXN Cost to 2%

Ajay Sheth, Secretary, DEA said that there are currently 35 crore active users on UPI, which roughly accounts for eight digital transactions a month by a citizen. The annual volume comes up to INR 200 lakh crores

Dec 09, 2023

U.S. Consulate General Mumbai Sets New Record For Visitor Visas

So far in 2023, the U.S. Mission to India has processed over 1.2 million non-immigrant visas, of which U.S. Consulate General Mumbai processed more than 400,000– an all-time record

Dec 09, 2023

RBI Measures on Fintech Repository, Cloud Facility, Framework for Connected Lending, Web-Aggregation of Loan Products

RBI has taken a number of pro-active steps to support Fintech ecosystem and lay down a regulatory framework

Dec 08, 2023

Repo Rate Kept Unchanged

The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent

Dec 08, 2023

RBI imposes monetary penalty on 4 Coop Banks

These actions on are based on deficiencies in regulatory compliance

Dec 08, 2023

RBI cancels license of A Coop Bank

The bank does not have adequate capital and earning prospects

Dec 08, 2023

National Cooperative Database being developed in 3 phases

Certain provisions have specifically been introduced for strengthening the audit process of Multi-State Cooperative Societies: This was stated by the Minister of Cooperation, Amit Shah in the Lok Sabha

Dec 06, 2023

Properties Of EX VC Of Magadh University Provisionally Attached In DA Case

ED initiated investigation on the basis of FIR registered by Special Vigilance Unit (SVU), Patna

Dec 06, 2023

7 Years RI To Officials Of SAIL, SBI In Bank Fraud

The Special Judge, CBI Cases, Mohali (Punjab) has convicted Shankar Batra, then Manager, SAIL; Ashwini Oberoi, then Senior Assistant/Cashier, SAIL & Buta Ram Ghai, then Assistant, SBI

Dec 06, 2023

UCO IMPS TXNs of Rs8.20 Bn: CBI Files FIR

CBI Conducts Searches At Around 13 Locations In West Bengal & Karnataka: Electronic evidence including mobile phones, laptops, computer systems, email archives, and debit/credit cards recovered

Dec 05, 2023

RBI Penalizes 4 Coop Banks

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Dec 05, 2023

License Of Kolhapur Based Coop Bank Canceled

The Commissioner for Cooperation and Registrar Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank

Dec 05, 2023

Gateway Office Parks’ employee siphoned of Rs 1.29 Bn: ED searched 14 locations

ED's search operations in Chennai, Mumbai

Dec 05, 2023

Loan Aggregators’ 6 Locations Searched: Fraud Under KCCs Probed

ED initiated investigation on the basis of FIR registered by CBI, ACB, Visakhapatnam under various sections of the Indian Penal Code, 1860 and Prevention of Corruption Act, 1988 alleging large-scale fraud at IDBI Bank, Rajahmundry Branch

Dec 02, 2023

RBI & BoE Signed MOU About Info Exchange WRT CCIL

The MoU establishes a framework for the BoE to place reliance on RBI's regulatory and supervisory activities while safeguarding UK financial stability

Dec 02, 2023

Private sector banks record faster credit growth

The share of personal loans in bank credit has successively increased to over 30 per cent from 22 per cent share five years ago

Dec 02, 2023

Ex Chairman of J&K SCB arrested: Fraudulent Loan of Rs2.50 Bn

During the course of search operations, several incriminating documents, property documents, including digital devices, have been recovered and seized

Dec 01, 2023

97.26% of Rs2000 banknotes has been returned

The Rs2000 banknotes continue to be legal tender

Dec 01, 2023

CFLI India’s climate finance solutions with potential to mobilize over US$6.5 billion

Over the next decade, these solutions will help mobilize private capital towards the US$10.1 trillion needed to meet India's net-zero target by 2070

Dec 01, 2023

Nod for Rs2.23 Tn Defence Plans

98% to be sourced from domestic industries in major boost to 'Aatmanirbharta' in defence; Medium Range Anti-Ship Missiles for surface platform of Indian Navy accorded approval; Acquisition of Towed Gun System cleared to replace Indian Field Gun; Procurement of Light Combat Helicopters & Light Combat Aircraft Mk 1A from HAL gets a nod

Dec 01, 2023

Nod for Rs2.23 Tn Defence Plans

98% to be sourced from domestic industries in major boost to 'Aatmanirbharta' in defence; Medium Range Anti-Ship Missiles for surface platform of Indian Navy accorded approval; Acquisition of Towed Gun System cleared to replace Indian Field Gun; Procurement of Light Combat Helicopters & Light Combat Aircraft Mk 1A from HAL gets a nod

Dec 01, 2023

2 Authorized Dealer Banks Fined

These actions are based on the deficiencies in regulatory compliance.

Dec 01, 2023

2 Authorized Dealer Banks Fined

These actions are based on the deficiencies in regulatory compliance

Dec 01, 2023

RBI Penalizes 5 Coop Banks

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Dec 01, 2023

RBI’s Occasional Papers - Vol43, No2, 2022

The transactional use of cash has been on a decline and is increasingly getting substituted with digital modes of payments

Nov 30, 2023

Global alliance will accelerate innovation for sustainable economies

German Agency for International Cooperation (GiZ), Organization for Economic Cooperation and Development (OECD), United Nations Research Institute for Social Development (UNRISD), Impact Hub and Fourth Sector Group collaborated in organizing the Summit

Nov 30, 2023

Drones to 15,000 Women SHGs with outlay of Rs12.61 Bn Approved

The scheme seeks to empower women Self Help Groups and bringing new technologies through drone services in agriculture sector

Nov 30, 2023

Net Zero target: Funding Needed For Tech Deployment At Scale

Investment, collaboration and robust R&D-translation ecosystem can create impact at National level in CCUS towards India's Net Zero target by 2070: Experts

Nov 29, 2023

7 Mn Mobile Connections, Involved In Cybercrime, Cut Off

PayTM, Google Pay, Razorpay, banks and RBI, TRAI, NPCI, UIDAI discuss issues with DFS Secretary; Rs9 Bn defrauded money saved, benefitting 3.5 lakh victims

Nov 29, 2023

SEBI relaxes rules for small NPOs to raise funds via Social Stock Exchanges

Reduction in minimum application size in case of public issuance of ZCZP by NPOs on SSE from Rs2 lakh to Rs10,000, thereby enabling wider participation of subscribers including retail

Nov 26, 2023

CGTMSE Approves Credit Guarantee of Rs1 Tn: Rane

There is a need to adopt international standards for greater participation of MSMEs in global value chains, and creating more and better-quality jobs

Nov 25, 2023

CAs should tilt in favour of tax planning and condemn tax evasion: VP

Jagdeep Dhankhar: India is emerging as a global hub of financial and accounting processes

Nov 24, 2023

WGC and DMCC Collaborate to Combat Illicit Hand-Carried Gold Trade

Together, the two organisations will convene a group of industry stakeholders to identify the key challenges on both legitimate and illegal aspects of hand-carried gold

Nov 24, 2023

RBI Penalizes 3 Leading Banks

These actions on the 3 entities are based on deficiencies in regulatory compliance

Nov 24, 2023

RBI Penalizes 3 Leading Banks

These actions on the 3 entities are based on deficiencies in regulatory compliance

Nov 24, 2023

RBI supersedes BoD of Abhyudaya Coop Bank

The bank shall continue to carry on its normal banking activities as is hitherto, under the guidance of the Administrator

Nov 24, 2023

Former President Of A Co-Operative Bank Arrested

The Court has granted ED custody for 3 days

Nov 24, 2023

RBI’s Directions To 2 Coop Banks For Extension of Period

RBI extends the Directive for a further period of 3 months to close of business

Nov 24, 2023

RBI Penalizes 5 Coop Banks.

These actions on the 5 entities are based on deficiencies in regulatory compliance

Nov 24, 2023

RBI Penalizes 5 Coop Banks

These actions on the 5 entities are based on deficiencies in regulatory compliance

Nov 24, 2023

RBI Penalizes 5 Coop Banks

These actions on the 5 entities are based on deficiencies in regulatory compliance

Nov 24, 2023

Rs15 Bn Provided For CM Health At Doorstep Scheme

State government is working on a roadmap to make healthcare accessible, accountable and affordable

Nov 23, 2023

SIDBI Should Grow 3x: Vivek Joshi

Secretary, DFS, MoF, highlighted the thrust of Government of India on reaching the last mile through banking and digital tools

Nov 23, 2023

Reading the Market’s Mind: Decoding Monetary Policy Expectations from Financial Data

Brief: The Reserve Bank recently released the November 2023 issue of its monthly Bulletin. The Bulletin includes four articles, out of which one article is titled 'Reading the Market's Mind: Decoding Monetary Policy Expectations from Financial Data.'This article uses the Overnight Index Swaps (OIS) rate to decode the near-term market expectations of changes in the monetary policy rate during 2016 to 2023.

Nov 23, 2023

IN-SPACe Approves Eutelsat Oneweb For Satellite Broadband Services

Oneweb has obtained in principle approval to establish and operate two gateways in Gujarat and Tamil Nadu, which would secure the provision of vital high-speed, low-latency internet connectivity to customers across India, once services are rolled out

Nov 22, 2023

RBI Penalizes 2 Coop Banks

These actions on the 2 entities are based on deficiencies in regulatory compliance

Nov 22, 2023

ED’s notice of Rs93.62 Bn to Byju for Forex Violation

M/s Think and Learn stated to have made significant foreign remittances outside India and investments abroad, which were allegedly in contravention of provisions of FEMA, 1999 and caused loss of revenue to the Government of India

Nov 21, 2023

RBI’s Directions To 2 Coop Banks For Extension of Period

RBI extends the Directive for a further period of 3 months to close of business on February 24, 2024, subject to review

Nov 21, 2023

Govt boosts Foreign Film Production In India

Incentive for foreign film production enhanced from 30% to 40% as part of ensuring ‘Ease of Doing Business in India; Additional 5% percent bonus for Significant Indian Content in foreign films

Nov 20, 2023

Seizures over Rs17.60 bn reported in 5 poll going states

Election Seizure Management System (ESMS) facilitating coordination amongst enforcement agencies

Nov 20, 2023

2 Coop Banks, 1 NBFC Penalized

RBI action is based on deficiencies in regulatory compliance

Nov 20, 2023

Monetary Policy Transmission in India: Recent Dynamics

In response to the cumulative hike in repo rate by 250 bps during May 2022 to October 2023, the SCBs revised their repo-linked benchmark rates upwards by the same magnitude

Nov 20, 2023

Investment Accelerator, Catalytic Fund, Investor Forum announced at IPEF Leader’s Meeting

The Forum was attended by corporate leaders including Co-CEO of KKR Joseph Bae; Chairman and CEO of BlackRock Larry Fink; CEO of Citi Jane Fraser; President, CIO and CFO of Alphabet and Google Ruth Porat; and Founding Partner and Executive Chair of TPG Jim Coulter

Nov 18, 2023

Int’l Trade Settlement in INR: Additional Current A/C Permitted For Exports Proceeds

Special Rupee Vostro Accounts

Nov 17, 2023

RBI’s Directions To A Coop Bank For Extension of Period

RBI extends the Directive for a further period of three months to close of business on February 17, 2024, subject to review

Nov 17, 2023

RBI Bulletin – November 2023

The Bulletin includes five speeches, four articles and current statistics

Nov 17, 2023

RBI Penalizes A Bank And 2 NBFCs

This action is based on deficiencies in regulatory compliance

Nov 17, 2023

RBI Tightens Norms For Consumer Credit

Regulatory measures towards consumer credit and bank credit to NBFCs

Nov 16, 2023

200 GI products exhibited in IITF

Over 600 artisans from 28 States and Union Territories participating in GI Pavilion

Nov 16, 2023

Delisting Regulations, Trading Plan Reforms To Be Presented To SEBI Board: Buch

India has become the benchmark for global best practices: Chairperson, SEBI

Nov 16, 2023

Leading NBFC Directed To Stop Disbursal Under Its 2 Lending Products

This action is necessitated due to non-adherence of the company to the extant provisions of Digital lending guidelines

Nov 16, 2023

RBI releases Handbook of Statistics on Indian States, 2022-23

In the current edition of the Handbook, in addition to the updation of the existing data series, 6 new tables have been included

Nov 16, 2023

Goyal Signs Supply Chain Resilience Agreement at IPEF

Goyal emphasized the need for mobilizing affordable financing for clean economy transition and for enhancing technology cooperation

Nov 15, 2023

Repayment of 8.30% FERT CO GOI SPL BOND 2023

No interest will accrue thereon from December 07, 2023

Nov 15, 2023

NHA- IRDAI To Operationalize Digital Health Claims Platform

Hospital/claim management systems (HMIS) of Jupiter Hospitals, Kauvery Hospitals, Akhil systems, Kare Expert, Fortis Hospitals, Narayana Hrudayalya and Vitraya Technologies were able to complete the M1 integration of Ayushman Bharat Digital Mission

Nov 14, 2023

Goyal visits Tesla factory at Fermont

Commerce and Industry Minister discussed potential collaboration under the Indo-Pacific Economic Framework (IPEF), ways and means of further enhancing bilateral trade and commerce linkages, matters related to WTO, and other issues of mutual interest

Nov 14, 2023

Annual inflation rate based on WPI stands at (-) 0.52% for Oct

The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group has increased from 177.8 in September, 2023 to 179.6 in October 2023

Nov 14, 2023

Annual inflation rate based on WPI stands at - 0.52% for Oct

The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group has increased from 177.8 in September, 2023 to 179.6 in October 2023

Nov 14, 2023

Annual inflation rate based on WPI stands at -0.52% for Oct

The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group has increased from 177.8 in September, 2023 to 179.6 in October 2023

Nov 14, 2023

Annual inflation rate based on WPI stands at 0.52% for Oct

The Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group has increased from 177.8 in September, 2023 to 179.6 in October 2023

Nov 14, 2023

RBI Releases Data On India’s Invisibles

The IMF Statistics Department has launched the update of the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) targeting to publish an updated version of the Manual (BPM7) by March 2025

Nov 14, 2023

‘AAINA Dashboard for Cities’ portal launched

Portal aims to create a robust database of key performance metrics of Urban Local Bodies (ULBs) across the country

Nov 13, 2023

IICA’s MoU with Lean Campus Startups to empower women entrepreneurs

The collaborative objective of IICA and LCS & WEICI India is to empower corporate and women entrepreneurs, augmenting their knowledge, skills, and competencies in the effective establishment and management of a diverse workforce

Nov 13, 2023

GoI-ADB Sign $400 Mn Loan To Support Urban Services

Loan is to support the GoI’s urban reform agenda for creating high quality urban infrastructure, improving service delivery, and promoting efficient governance systems

Nov 13, 2023

RBI releases data on Overseas Direct Investment

Subject data is based on reporting done by AD Bank in OID portal as on November 07, 2023

Nov 13, 2023

Chairman of AHP Technologies Arrested in a bank fraud case

In this case, 9 searches had already been conducted by ED in Mumbai, Ahmedabad, Kandla and Pune

Nov 13, 2023

3 Cr MSMEs Registered on Udyam Portal: Rane

Out of total 15 cr people employed in MSME sector, 3.4 cr are women

Nov 11, 2023

NHAI Accepts First Insurance Surety Bond

NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative

Nov 11, 2023

RBI Guidelines On Import Of Silver By Qualified Jewellers

AD Category-I banks may bring the contents of this circular to the notice of their constituents and customers concerned

Nov 11, 2023

Former President Of A Coopertative Bank Arrested

ED initiated investigation on the basis of FIR registered by the Vigilance and Anti-Corruption Bureau (VACB), Wayanad, Kerala against the Governing Body members and bank officials

Nov 10, 2023

ED attaches properties worth Rs24.95 Cr of Pawan Munjal

The prosecution complaint alleges that Foreign Currency/ Foreign Exchange equivalent to Rs 54 Crore was illegally taken out of India

Nov 10, 2023

Comprehensive “Digital Advertisement Policy, 2023” approved

Policy Framework Will Pave the Way for Wider Government Outreach in the Digital Era

Nov 10, 2023

Gross Direct Tax collections up by 17.59% Y/y

Refunds amounting to Rs1.77 lakh crore issued up to 09.11.2023 for the current FY

Nov 10, 2023

RBI cancels CoR of 2 NBFCs: 4 NBFCs and 2 HFCs surrender CoR

The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934, has cancelled the CoR of the concerned 6 NBFCs and 2 HFCs

Nov 10, 2023

CBI registers 2 cases against 10 public servants

THE accused include public servants of Central Railway and private persons; CBI conducted searches at around 8 places in & around Mumbai

Nov 09, 2023

Sovereign Green Bonds to be treated as specified securities under FAR

'Fully Accessible Route' for investment by non-residents in Government Securities – Inclusion of Sovereign Green Bonds

Nov 09, 2023

Accessing global finance for green growth

The NITI Aayog's workshop aims to raise awareness of the significance of India's contribution to the agenda of reforming MDBs

Nov 09, 2023

1st INDUS-X Investors Meet held

INDUS-X Educational Series named Gurukul launched

Nov 09, 2023

DFC commits $0.5 Bn to port infra in Colombo

The investment demonstrates the United States' enduring commitment to Sri Lanka's economic growth and its regional economic integration, including with India

Nov 09, 2023

Global patenting records, fueled by Indian innovators

World Intellectual Property Indicators Report: Record 3.46 Mn Patent Applications Filed Worldwide in 2022

Nov 08, 2023

REs shall put in place robust IT Governance Framework: RBI

Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices

Nov 08, 2023

FM launches 12 GST Seva Kendras in Vapi

6 customers emerge winners of Rs 10 lakh under Mera Bill Mera Adhikaar Scheme of CBIC

Nov 07, 2023

Need for a non-discriminatory and inclusive trading system: BVR

NITI Aayog CEO: India should integrate into global value chains and adapt swiftly to emerging trading systems

Nov 07, 2023

Das releases CAFRAL’s India Finance Report

The IFR 2023, with "Connecting the Last Mile" as its theme, provides an in-depth assessment of non-banking financial companies (NBFCs) in India

Nov 07, 2023

Govt taking up CBAM issue with EU and WTO: Goyal

Aspiration to produce 300 million ones of steel annually by 2030

Nov 07, 2023

RBI penalizes 4 coop banks, 1 NBFC

This action is based on deficiencies in regulatory compliance

Nov 06, 2023

MoUs of Rs331.29 Bn signed at World Food India 2023

Companies such as Amul, ITC, Mondelez, Kellogg's, AB InBev, IB Group, Balaji Wafers, Ananda Dairy, Fertis, and Bikanerwala are among the signatories

Nov 06, 2023

NMDC’s 1st Gold mine in Australia

The first ore for processing at Paddington Gold Mine is scheduled for CYQ1, 2024, and it is poised to become a significant contributor to India's gold production landscape

Nov 06, 2023

India to be among top 5 Global Bio-MFG Hubs by 2025: Dr Singh

Tools like Synthetic Technology, Genome Editing, Microbial Bioresources and Metabolic Engineering are now talked about more often: S&T Minister

Nov 06, 2023

MEITY’s blocking orders against 22 illegal betting apps & websites

Action follows investigations conducted by the ED against illegal betting app syndicate and subsequent raids on Mahadev Book in Chhattisgarh

Nov 06, 2023

Complexities in balancing centralized data analysis vs. Decentralized use

The workshop uncovered a wide-range of topics that are relevant to India when it comes to harnessing D4D to accelerate our work towards meeting the SDGs

Nov 05, 2023

Today everyone is accepting that Good Economics is also Good Politics: PM

Today India is among the top 3 in the world of startups. Today, India is creating the world's largest skilled pool. Today, India has overcome every challenge and become number one in digital transactions

Nov 05, 2023

NITI Aayog’s workshop on transformative technology

Workshop is part of the series of G20 Feeder Thematic Workshops

Nov 04, 2023

Agreement with DP World subsidiary for manpower recruitment

CBSE India to open a regional office in Dubai for the benefit of the Indian diaspora: Dharmendra Pradhan

Nov 04, 2023

MoUs of Rs179.90 Bn signed at World Food India

PM Modi provided Seed Capital Assistance to over one lakh SHG members

Nov 04, 2023

Digital infra planning made for 300 projects of Rs11.98 Tn

DPIIT conducts PM GatiShakti Webinar with States/UTs and Line Ministries/Departments

Nov 04, 2023

RBI penalizes 2 banks, 2 NBFCs

These actions on the said 4 entities are based on deficiencies in regulatory compliance

Nov 03, 2023

Film industry loses Rs200 Bn due to piracy: MIB acts

CBFC and I&B officers authorised to direct blocking/take down of any website/App/link carrying pirated filmic content

Nov 03, 2023

Indo-US MeitY workshop focuses on tech partnership

proposals of semiconductor research, next generation communication technologies/networks/systems, cyber-security, sustainability and green technologies and Intelligent Transportation Systems will be considered

Nov 03, 2023

India & Germany to deliver development projects

The Conference discussed the growing development cooperation modality where a developed country and a developing country join hands with their respective expertise to implement developmental projects in third developing countries

Nov 03, 2023

Manoranjan Mishra appointed as ED, RBI

Mishra will look after enforcement department, risk monitoring department, department of external investments & operations

Nov 02, 2023

Lending and Deposit Rates of SCBs

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023

Nov 02, 2023

More than 97% of the Rs2000 banknotes returned

The window for deposit and / or exchange the Rs2000 banknotes continues to be available at the 19 Issue Offices of RBI

Nov 02, 2023

FATF High risk and other monitored jurisdictions

The Financial Action Task Force (FATF) vide public document 'High-Risk Jurisdictions subject to a Call for Action' – October 2023

Nov 02, 2023

India Exim Bank’s Bond listed on LSE’s SBM Platform

Brief: India Exim Bank celebrated the listing of its maiden 10-year US$ 1 billion Sustainability Bond on Wednesday

Nov 02, 2023

Digital Life Certificate Campaign to be held at 500 locations

Nationwide Campaign 2.0 embodies 'Whole of Government' approach by bringing all stakeholders on one platform

Nov 01, 2023

Workshop on India-African Union collaboration being held on varied themes

First workshop in the G20 Feeder Thematic Workshops

Nov 01, 2023

Manufacturing sector accounted for 78% of FTCs

FDI companies accounted for an overwhelming majority of the FTCs

Nov 01, 2023

ISA’s GSF to get $35 Mn

Government of India is considering a $25 Mn investment as capital contribution to the Global Solar Facility

Nov 01, 2023

FM on visit to Sri Lanka

Smt. Nirmala Sitharaman will inaugurate SBI Branches at Trincomalee and Jaffna

Nov 01, 2023

RBI circular for Payment Aggregator

The Reserve Bank of India (RBI) has placed on its website the circular on Regulation of PA-CB

Nov 01, 2023

2023 edition of Revenue Statistics in Africa released

The new report reveals that tax-to-GDP ratios remained below pre-pandemic levels in 17 of the 33 countries, covered by the report in 2021

Oct 31, 2023

RBI circular for Payment Aggregator–Cross Border

The Reserve Bank of India (RBI) has today placed on its website the circular on Regulation of PA-CB

Oct 31, 2023

Credit to services sector grew by 21% Y/y

Personal loans growth decelerated to 18%

Oct 31, 2023

RBI clarifies regarding shifting of DCCBs’ branches within the same town

Guidelines on Closure of Branches and Extension Counters by DCCBs

Oct 31, 2023

RBI issues guidelines to be followed by cooperative banks for change in name

RBI shall have the discretion to assess whether the reason/s submitted by the bank are valid and compelling

Oct 31, 2023

RBI penalizes 5 Coop banks

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Oct 30, 2023

Goyal: Need for innovation, digitalization of supply chains

Goyal urges governments to collaborate on regulatory framework to facilitate cross border trade and supply chains

Oct 28, 2023

22nd International Economic Forum on Africa to be held in Paris

The Forum hosts Europe's largest annual conversation on Africa's ongoing, formidable transformation

Oct 28, 2023

Regulatory Sandbox: Fifth Cohort Opened

The application may be submitted from October 30, 2023 to November 30, 2023

Oct 27, 2023

604th meeting of RBI’s Central Board held

Functioning of various Sub-Committees discussed

Oct 27, 2023

Mangoes of USD 47.98 mn exported in 5 months

India registers 19% growth y/y in mango export to USA in 2023-24

Oct 27, 2023

ITRs of individual taxpayers up by 90% 

During the current fiscal too, 7.41 crore returns have been filed for AY 2023-24 till date, including 53 lakh new first time filers

Oct 27, 2023

REs joining AA ecosystem as FI-U shall join as FIP also

RBI aims to ensure efficient and optimum utilisation of the AA ecosystem

Oct 27, 2023

CIs, CICs must follow norms to improve customer service

CICs and CIs are directed by RBI to put in place necessary systems and processes to implement these directions within

Oct 27, 2023

RBI invites comments on managing risks, code of conduct in outsourcing of financial services

Draft Master Direction

Oct 26, 2023

Coop banks shall present unclaimed liabilities under “Contingent Liabilities – Others”

'Notes and Instructions for compilation'

Oct 26, 2023

Goyal attends 7th Future Investment Initiative in Riyadh

CII and the Federation of Saudi Chambers of Commerce signed an MoU to further enhance commercial partnership

Oct 26, 2023

RBI penalizes 2 UCBs, 1 DCCB

These actions on 3 coop banks are based on deficiencies in regulatory compliance

Oct 26, 2023

RBI penalizes coop bank

This action is based on the deficiencies in regulatory compliance

Oct 25, 2023

RBI penalizes coop bank

This action is based on deficiency in regulatory compliance

Oct 23, 2023

Fake GST ITC racket of Rs7.66 Cr busted; one Arrested

CGST officers are using data analysis and network analysis tools to identify and trace the potential fraudsters

Oct 23, 2023

Investments face uncertainty, high risk permanently due to Terrorism: FM

Today, these Jan Dhan Accounts have total balance of more than Rs 2 lakh crore

Oct 21, 2023

Union Minister for Housing and Urban Affairs, Hardeep Singh Puri at the inauguration of BW Hotelier Indian Hospitality Summit, in New Delhi

Union Minister for Housing and Urban Affairs, Hardeep Singh Puri at the inauguration of BW Hotelier Indian Hospitality Summit, in New Delhi

Oct 21, 2023

Premature redemption price on October 23, 2023 per SGB unit

Sovereign Gold Bond Scheme

Oct 21, 2023

RBI penalizes an NBFC

This action is based on the deficiencies in regulatory compliance

Oct 20, 2023

Karad: Popularize UPI Lite, FI

MoS Finance reviews preparedness with major Private Sector Banks

Oct 20, 2023

RBI’s master direction on scale based regulation of NBFCs

Necessary in the public interest

Oct 20, 2023

RBI’s Oct’23 Bulletin consists of 6 articles, 2 speeches

Monthly Bulletin

Oct 20, 2023

RBI penalizes 5 Coop banks

This action is based on deficiencies in regulatory compliance

Oct 20, 2023

Embezzlement of funds of NHAI: Rs1.26 Bn seized from accounts

Accused invested money into mutual funds.

Oct 19, 2023

Amendment to the Master Direction on KYC by RBI

Customer Due Diligence

Oct 18, 2023

RBI imposes monetary penalty on 2 banks

This action is based on the deficiencies in regulatory compliance

Oct 17, 2023

RBI imposes monetary penalty on 4 cooperative banks and an NBFC

The RBI action is based on the deficiencies in regulatory compliance

Oct 17, 2023

ED conducts search & survey operations at 30 locations in Bhushan Steel case

Investigation in connection with a bank fraud of Rs 56,000 Crore

Oct 17, 2023

Marginal easing of loan terms expected in Q1:2024-25

Bankers remain upbeat on loan demand during Q4:2023-24 across the major categories of borrowers with some seasonal moderation in Q1:2024-25.

Oct 16, 2023

Banks, NBFCs advised to strengthen their internal surveillance mechanisms: Das

Banks, NBFCs advised to strengthen their internal surveillance mechanisms: Das

Oct 16, 2023

Income Tax Dept conducts searches in Karnataka, AP, Telangana

Income tax department conducted a search & seizure action in the case of some government contractors, real estate developers and their associates on 12.10.2023, according to the PIB press release issued on 16 OCT 2023.

Oct 16, 2023

RBI imposes monetary penalty on two banks, one NBFC

The RBI action is based on the deficiencies in regulatory compliance.

Oct 16, 2023

Will the major states push capex in FY24?

Our bi-annual review ‘State of States’ analyses the finances of 21 states, using state budgets and related data

Oct 16, 2023

Banks, NBFCs advised to strengthen their internal surveillance mechanisms: Das

The Indian banking system continues to be resilient

Oct 09, 2023

Cookie Consent

Our website uses cookies to provide your browsing experience and relavent informations.Before continuing to use our website, you agree & accept of our Cookie Policy & Privacy