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RBI | Relaxation in OD facility for States Governments/UTs

   06 May 2021 at 05:56

The maximum number of days in a quarter on which State Governments/UTs can avail overdraft is being increased from 36 to 50 days and the number of consecutive days on which overdraft can be availed is being increased from 14 to 21 days.

Posted in Others |   1317 Views


Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank Limited

   06 May 2021 at 05:42

LIC’s Board has passed a resolution to the effect that LIC may reduce its shareholding in IDBI Bank Ltd. through divesting its stake along with strategic stake sale envisaged by the Govt.

Posted in Others |   1068 Views


Simplification of procedure for import of oxygen cylinders and cryogenic tankers/containers

   05 May 2021 at 20:32

In view of the COVID pandemic, PESO shall not carry out a physical inspection of global manufacturers' production facilities before the grant of registration and approval of global manufacturers for importing oxygen cylinders and cryogenic containers.

Posted in Others |   1044 Views


No consignment of 3,000 Oxygen concentrators pending with Custom authorities: Finance Ministry

   03 May 2021 at 21:54

The matter regarding a consignment of 3,000 Oxygen Concentrators lying with Customs Authorities came up in the Hon’ble Delhi HC and the same was clarified by the Government Counsel that presently no such consignment is pending with Custom Authorities.

Posted in Others |   1353 Views


FM Nirmala Sitharaman participates in Governor's Seminar as part of ADB's annual meeting 2021

   03 May 2021 at 21:42

The Finance Minister mentioned that overall, enhanced regional and global cooperation is the key to become successful in our common pursuit of resilient recovery.

Posted in Others |   894 Views


Shri T. Rabi Sankar appointed as RBI Deputy Governor

   03 May 2021 at 17:39

In pursuance of the Government of India notification dated May 03, 2021, Shri T. Rabi Sankar took over as the Deputy Governor of Reserve Bank of India today for a period of three years or until further orders, whichever is earlier.

Posted in Others |   1644 Views


1st instalment of Rs. 8873.6 crore for State Disaster Response Fund (SDRF) released in advance

   03 May 2021 at 04:18

Ministry of Finance at the recommendation of the Ministry of Home Affairs has released in advance of the normal schedule, the 1st instalment of the Central Share of SDRF for 2021-22 to all the States. An amount of Rs.8873.6 crore has been released.

Posted in Others |   1032 Views


GoI Facilitates faster imports of key medical devices by relaxing the conditions for clearances under Legal Metrology

   01 May 2021 at 06:12

Considering the present pandemic situation of COVID-19 and for meeting the demand for medical devices, GoI has permitted the importers of medical devices to import certain categories of medical devices for three months from 28.04.2021 onwards.

Posted in Others |   1185 Views


SIDBI launches quick delivery schemes for COVID preparedness

   01 May 2021 at 05:31

SIDBI, considering the current distress caused by COVID 19 and being a national emergency has devised aforesaid schemes to cater to help assist health care service providers fight the pandemic.

Posted in Others |   1050 Views


RBI | Guidelines for Appointment of Statutory Central Auditors of Commercial Banks, UCBs and NBFCs

   01 May 2021 at 05:14

The Reserve Bank of India has released the Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs).

Posted in Others |   3345 Views