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RBI removes 3 Banks from PCA framework
RBI removes 3 Banks from PCA framework
The Reserve Bank of India (RBI) removed 3 banks (Allahabad Bank, Corporation Bank & Dhanlaxmi Bank) out of the Prompt Corrective Action (PCA) framework allowing them to ....

Published On : 28 Feb 2019

LIC's New 'Micro Bachat' Plan
LIC's New 'Micro Bachat' Plan
a) Life Insurance Corporation launched a New 'Micro Bachat' Plan, it is a regular premium, non-linked, participating micro-insurance plan which of....

Published On : 21 Feb 2019

India Increases Customs Duty to 200% on all Importes from Pakistan
India Increases Customs Duty to 200% on all Importes from Pakistan
India increases the basic Customs Duty to 200% on all goods imported from Pakistan with immediate effect following the Pulwama Terr....

Published On : 18 Feb 2019

Retail Inflation At 2.05% in January Month
Retail Inflation At 2.05% in January Month
Retail inflation declined marginally to 2.05% in January over the previous month on the continued decline in food prices, including vegetables and eggs. The Central Statistics Offi....

Published On : 14 Feb 2019

Reserve Bank reduce ECB norms for infrastructure creation
Reserve Bank reduce ECB norms for infrastructure creation
The Reserve Bank of India (RBI) liberalized the norms governing foreign borrowings for infrastructure creation. The central bank in a notification said that the minimum average mat....

Published On : 08 Nov 2018

India-Malawi inked MoUs on Extradition Treaty, Atomic Energy and VISA Waiver
India-Malawi inked MoUs on Extradition Treaty, Atomic Energy and VISA Waiver
India and Malawi have signed three MoUs on Extradition Treaty, cooperation in the field of Atomic Energy for peaceful purposes and VISA Waiver for Diplomatic and Official Passports. ....

Published On : 06 Nov 2018

Reserve Bank set up a digital Public Credit Registry for capturing borrowers' details
Reserve Bank set up a digital Public Credit Registry for capturing borrowers' details
The Reserve Bank has initiated setting up a digital Public Credit Registry to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check....

Published On : 06 Nov 2018

More than 1 crore customers added to EPFO in last 2-years
More than 1 crore customers added to EPFO in last 2-years
Labour Minister Santosh Kumar Gangwar today said that more than 1 crore members have been added to Employees' Provident Fund Organisation in the last two years. The Minister said it is the c....

Published On : 02 Nov 2018

GST collections in October month cross Rs 1 lakh crore mark
GST collections in October month cross Rs 1 lakh crore mark
GST collections have crossed Rs 1 lakh crore mark in October this year. In September, the revenue from goods and services tax was 94,000 crore rupe....

Published On : 01 Nov 2018

New SBI ATM withdrawal limit for Debit Cards Rs 20,000/- per day
New SBI ATM withdrawal limit for Debit Cards Rs 20,000/- per day
New ATM cash withdrawal rules for SBI account holders will come into effect from Wednesday (October 31). The country’s largest bank will reduce the daily cash withdrawal limi....

Published On : 31 Oct 2018

Reserve Bank release guidelines to facilitate payments among PPI
Reserve Bank release guidelines to facilitate payments among PPI
In a move aimed at promoting digital transactions, the Reserve Bank of India (RBI) has released operational guidelines to facilitate payments among prepaid instruments (PPI) such as mobile w....

Published On : 18 Oct 2018

Union Govt increases GPF interest rate to 8%
Union Govt increases GPF interest rate to 8%
The union government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 percent for the October-December quarter of t....

Published On : 17 Oct 2018

International Monetary Fund predicts 7.3% growth rate for India
International Monetary Fund predicts 7.3% growth rate for India
The International Monetary Fund (IMF) today predicted a growth rate of 7.3 percent for India in the current year and 7.4 percent in 2019. In 2017, India had recorded a 6.7 per cent....

Published On : 09 Oct 2018

Govt decides to begin issuing Sovereign Gold Bonds 2018-19
Govt decides to begin issuing Sovereign Gold Bonds 2018-19
The Centre in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds 2018-19. The Sovereign Gold Bonds will be issued every month from this month to February n....

Published On : 09 Oct 2018

Reserve Bank imposes penalty on Federal Bank for non-compliance of certain directions
Reserve Bank imposes penalty on Federal Bank for non-compliance of certain directions
Reserve Bank has imposed a penalty of five crore rupees on Federal Bank for non-compliance of certain RBI directions among other deficiencies. In a press release issued yesterday, ....

Published On : 04 Oct 2018

Gross direct tax collection grows 16.7% to Rs 5.47 lakh crore in April-September
Gross direct tax collection grows 16.7% to Rs 5.47 lakh crore in April-September
The provisional gross collections of Direct Tax up to September this year is higher than the collections for the corresponding period of last year. It is 16.7 percent higher at 5.47 lakh cro....

Published On : 04 Oct 2018

SBI detract ATM withdrawal Limit to Rs.20,000/-
SBI detract ATM withdrawal Limit to Rs.20,000/-
State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000. There is no change in the daily withdrawal limits on other cards.....

Published On : 03 Oct 2018

Reserve Bank to add Rs.36,000 crores into system through purchase of govt bonds
Reserve Bank to add Rs.36,000 crores into system through purchase of govt bonds
The Reserve Bank today announced that it will inject 36,000 crore rupees into the system through the purchase of government bonds in October to meet the festival season demand for funds.....

Published On : 03 Oct 2018

SIDBI Launches NLEA Campaign 'Udyam Abhilasha' in 115 Districts
SIDBI Launches NLEA Campaign 'Udyam Abhilasha' in 115 Districts
Small Industries Development Bank of India (SIDBI), has launched a national level entrepreneurship awareness campaign--Udyam Abhilasha, in 115 aspirational districts identified by NITI Aayog....

Published On : 03 Oct 2018

RBI simplfy Cash Reserve Rules to ease Liquidity Condition of Banks
RBI simplfy Cash Reserve Rules to ease Liquidity Condition of Banks
The Reserve Bank of India (RBI) today eased mandatory cash requirement rules for banks to provide “durable liquidity” to the economy. RBI in a statement said banks coul....

Published On : 28 Sep 2018

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