Others News

Quarterly Report on Public Debt Management for the quarter ended June 2021

29 September 2021 at 05:49

During Q1 of FY22, the Central Government issued dated securities worth ₹3,18,493 crore as against ₹3,46,000 crore in Q1 of FY21, while repayment were at ₹1,05,186 crore. The weighted average yield of primary issuances increased to 6.11% in Q4 FY21.

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Government's Borrowing Plan for Second Half (H2) of FY 2021-22

28 September 2021 at 05:44

The Government plans to borrow ₹5.03 lakh crore in H2 of FY 2021-22. The H2 FY 2021-22 projection also factors requirements for release of balance amount to states on account of back-to-back loan facility in-lieu of GST compensation during the year.

Posted in Others | 1254 Views

India needs 4 -5 more banks like SBI to meet changing requirements of the Indian Economy: Nirmala Sitharaman

27 September 2021 at 05:54

The Finance Minister reminded bankers of the need to adapt in line with fast changes in technology. "What we think is latest today will be outdated in a year or so, we have to thus acquire resources to constantly update ourselves."

Posted in Others | 1464 Views

Ministry of Finance approved capital expenditure projects of Rs. 2,903.80 crore in 8 States

25 September 2021 at 21:11

The Department of Expenditure, Ministry of Finance, has approved capital projects of Rs. 2,903.80 crore in 8 States under the scheme entitled ‘Special Assistance to States for Capital Expenditure for 2021-22’.

Posted in Others | 1122 Views

Grant of Rs. 2427 crore released to States for Urban Local Bodies

18 September 2021 at 07:12

The States are required to transfer the grants to the ULBs within 10 working days of receipt from the Union Government. Any delay beyond 10 working days requires the State Governments to release the grants with interest.

Posted in Others | 1290 Views

MoS Finance Bhagwat Karad asks Banks to focus on Aspirational Districts yet to attain financial inclusion target

17 September 2021 at 05:52

PMJDY accounts reached everyone, even if the accounts were zero balance accounts. Even people who hesitated to enter the mainstream were also brought in and given confidence, with opening of their accounts, disbursing of RuPay Cards and insurance cover.

Posted in Others | 1137 Views

India and Singapore to link their Fast Payment Systems - Unified Payments Interface and PayNow

16 September 2021 at 08:35

The UPI-PayNow linkage will enable users of each of the two fast payment systems to make instant, low-cost fund transfers on a reciprocal basis without a need to get onboarded onto the other payment system.

Posted in Others | 1224 Views

11 States meet the target for capital expenditure in Q-1 of 2021-22

15 September 2021 at 05:48

Out of the net borrowing ceiling (NBC) of 4% of GSDP for the States for 2021-22, 0.50 percent of GSDP was earmarked for incremental capital expenditure to be incurred by the States during 2021-22.

Posted in Others | 1245 Views

RBI cautions against frauds in the name of KYC updation

14 September 2021 at 05:56

Members of the public are hereby cautioned not to share account login details, personal information, copies of KYC documents, card information, PIN, password, OTP, etc. with unidentified persons or agencies.

Posted in Others | 1098 Views

Finance Ministry releases Rs 9,871 cr to 17 states as revenue deficit grant

10 September 2021 at 05:47

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 1,18,452 crore to 17 States in the financial year 2021-22. Out of this, an amount of Rs. 59,226.00 crore (50%) has been released so far.

Posted in Others | 1494 Views