Grant-in-aid of Rs. 4,189.58 crore released to Rural Local Bodies in Karnataka, Tripura, Uttar Pradesh, Andhra Pradesh and Gujarat
FM Smt. Nirmala Sitharaman: Financial inclusion is a major step towards inclusive growth which ensures overall economic development of marginalised sections of society
UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services.
This is regarding reports in certain sections of the media stating that the RBI is against privatisation of Public Sector Banks (PSBs)
Government releases two instalments of tax devolution to State Governments amounting to Rs 1,16,665.75 crore as against normal monthly devolution of Rs. 58,332.86 crore
Minister stated that as on 6.7.2022, the schemes have offered benefits by way of 1,00,255 claims paid amounting to Rs. 1,990.57 crore, and 5,93,316 claims paid amounting to Rs. 11,866.32 crore under PMSBY and PMJJBY respectively.
A number of steps are being taken by the Government to protect the interests of the investors/account holders in the bank.
The pandemic and the war have ignited tendencies towards greater fragmentation, reshoring of supply chains and retrenchment of capital flows, which will pose long-term challenges for both globalisation and the global economy.
Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.40 per cent with immediate effect.
The Department of Expenditure, Ministry of Finance has on Wednesday released the 5th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 7,183.42 crore to 14 States.