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Ministry of Finance notifies 7.1% rate of interest under Special Deposit Scheme w.e.f 1st Oct

   04 October 2022 at 07:39

Dposits made under Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance shall with effect from 1st October, 2022 to 31st December, 2022 bear interest at 7.1%.

Posted in Others |   5142 Views


RBI hikes repo rate by 50 basis points to 5.90%

   30 September 2022 at 13:34

Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.90 per cent with immediate effect

Posted in Others |   3285 Views


Clarification in operation of Senior Citizens' Savings Scheme

   30 September 2022 at 08:49

In the operation of Senior Citizens’ Savings Scheme (SCSS), it has been noticed in few cases on the death of the account holder, operating agencies are closing the SCSS account by treating it as premature closure.

Posted in Others |   1518 Views


Cabinet approves 4% Dearness Allowance hike for Central Govt employees

   29 September 2022 at 08:50

Cabinet approves release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners, due from 01.07.2022

Posted in Others |   1749 Views


FM to review performance of Credit and other Welfare Schemes for Scheduled Castes in PSBs

   27 September 2022 at 08:35

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman will review performance of Credit and other Welfare Schemes for Scheduled Castes in Public Sector Banks here.

Posted in Others |   1503 Views


RBI Governor launches three key digital payment initiatives

   21 September 2022 at 16:20

RBI Governor launched three key initiatives during the Global Fintech Fest 2022 - RuPay Credit Card on UPI, UPI LITE, and Bharat BillPay Cross-Border Bill Payments.

Posted in Others |   5766 Views


FM Nirmala Sitharaman exhorts banks to plan for next 25 years

   17 September 2022 at 07:29

Banking sector has to make a big contribution to making India a developed nation by 2047: Union Finance Minister Smt. Nirmala Sitharaman at 75th AGM of Indian Banks' Association

Posted in Others |   1848 Views


FM Nirmala Sitharaman chairs 26th meeting of the Financial Stability and Development Council

   16 September 2022 at 08:46

The 26th Meeting of the Financial Stability and Development Council (FSDC) was chaired by the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman in Mumbai

Posted in Others |   1161 Views


RBI releases Handbook of Statistics on the Indian Economy 2021-22

   16 September 2022 at 08:46

Reserve Bank released its annual publication titled "Handbook of Statistics on the Indian Economy, 2021-22" (HBS).

Posted in Others |   5058 Views


FM Nirmala Sitharaman chairs meeting on illegal loan apps

   10 September 2022 at 08:39

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a meeting yesterday to discuss the various issues related to "Illegal Loan Apps" outside the regular banking channels.

Posted in Others |   1608 Views



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