Community & General News

Digital payments surge from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21

10 August 2021 at 05:46

On the digital payment ecosystem, Shri Pankaj Chaudhary stated that the total volumes of digital payments increased from 1459.02 crore in FY 2017-18 to 4371.18 crore in FY 2020-21 due to sustained efforts towards digitalisation.

Posted in Community & General | 1554 Views

ICAI issues Exposure Draft of Subsidiaries without Public Accountability: Disclosures

10 August 2021 at 05:45

ICAI has issued an Exposure Draft that sets out the proposal of the IASB for a new IFRS Standard - Subsidiaries without Public Accountability: Disclosures. Comments on the ED may be sent electronically or via email or post by 15.12.2021.

Posted in Community & General | 1374 Views

GDP growth projection for FY 2021-22 retained at 9.5%

07 August 2021 at 06:23

Repo rate remains unchanged at 4%; GDP growth projection for FY 2021-22 retained at 9.5%. CPI Inflation is expected at 5.7% for FY 2021-22 while Consumption, Investment, and External demand are on the path of regaining traction.

Posted in Community & General | 1968 Views

Know all about e-RUPI, the new digital payment instrument

06 August 2021 at 12:18

e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code. It is a pre-paid voucher, which he/she can go and redeem it at any centre that accepts it.

Posted in Community & General | 3240 Views

Clarification on Establishment of MSMEs

06 August 2021 at 06:25

The Ministry of MSME does not establish micro, small and medium enterprises in the country. The promotion and development of enterprises is a State subject. However, the Central Government supplements the efforts of the State/UT Governments.

Posted in Community & General | 1836 Views

91% MSMEs found to be functional as per recent study

06 August 2021 at 06:23

On 1st July 2020, after the adoption of a new definition of MSMEs, a new registration portal ‘Udyam Registration’ has been launched by M/o MSME and so far 41,37,443 classified MSMEs are registered on the portal.

Posted in Community & General | 1818 Views

Grant of Rs. 685.80 crore released to Urban Local Bodies (ULBs)

06 August 2021 at 06:21

Grants for Urban Local Bodies have been released as per the recommendations of the 15th Finance Commission. They are aimed at improving basic civic services including fulfilling location specific felt needs.

Posted in Community & General | 1596 Views

Guidelines for Implementation of the circular on Opening of Current Accounts by Banks

05 August 2021 at 06:25

RBI had issued certain guidelines to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders. Now, the RBI has specified guidelines for implementation of the circular on Opening of Current A/c by Banks.

Posted in Community & General | 2166 Views

RBI cautions the public not to fall prey to fictitious offers of buying/ selling of Old Bank notes and Coins

05 August 2021 at 06:24

Certain elements are fraudulently using the name/logo of RBI, and seeking charges/commission/tax from the public, in transactions related to buying and selling of old banknotes and coins. It is clarified that RBI does not deal in such matters.

Posted in Community & General | 1908 Views

More than 6.80 crore loans of Rs. 5.20 lakh crore extended to New Entrepreneurs/Accounts under PMMY

03 August 2021 at 06:25

Entrepreneurs availed over 29.55 crore loans of Rs. 15.52 lakh crore under Pradhan Mantri Mudra Yojana since 2015. For the current financial year, a target of sanction of Rs. 3.00 lakh crore has been fixed for MLIs.

Posted in Community & General | 1539 Views