Community & General News
RBI clarifies banks cannot prohibit dealing in cryptocurrency
01 June 2021 at 06:33RBI has issued a clarification for banks and the general public at large, stating that its earlier circular on the prohibition of usage of virtual currencies is no longer valid as the same was set aside by the Supreme Court on 4th March 2020.
Highlights of the Monthly Review of Accounts of Union GoI for the month of April 2021 for the FY 2021-22
31 May 2021 at 19:05GoI has received Rs. 1,47,991 crore (7.49% of corresponding BE 21-22 of Total Receipts) for April 2021 comprising Rs. 1,30,811 crore Tax Revenue (Net to Centre), Rs. 16,808 crore of Non Tax Revenue and Rs. 372 crore of Non Debt Capital Receipts.
Highlights of the Accounts of the Union GoI (Provisional/Unaudited) for the FY 2020-21
31 May 2021 at 19:04GoI has received Rs. 16,89,720 crore (105.50% of corresponding RE 20-21 of Total Receipts) during 2020-21 comprising Rs 14,24,035 crore Tax Revenue, Rs. 2,08,059 crore of Non Tax Revenue and Rs. 57,626 crore of Non Debt Capital Receipts.
RBI releases the Annual Report for the year 2020-21
28 May 2021 at 06:21The Report covers the working and functions of the Reserve Bank for the transition period of nine months (July 2020 - March 2021) following the decision to change its accounting year from July-June to April-March.
PFRDA announces crossing the milestone of Rs 6 trillion of Assets Under Management under NPS and APY
26 May 2021 at 18:36The Pension Fund Regulatory and Development Authority announces crossing the milestone of Rs 6 lakh crore of Assets Under Management under the National Pension System and Atal Pension Yojana, after 13 years.
Constitution of an Expert Committee on Investment Funds
25 May 2021 at 22:26IFSCA, with a special focus on ease of doing business, has constituted an Expert Committee on Investment Funds to recommend to IFSCA on the road map for the funds industry in the IFSCs.
RBI Governor advises private banks to ensure continuity in the provision of various financial services
25 May 2021 at 20:16The Governor, RBI held a meeting with the MD & CEOs of select Private Sector Banks on May 25, 2021, and advised them to ensure continuity in the provision of various financial services including credit facilities to individuals and businesses.
Cabinet approves MoUs entered into by ICoAl and ICSI with Foreign Countries/Organisations
25 May 2021 at 18:31The signed MoUs would help in the advancement of the goals on equity, public accountability and innovation among the beneficiaries countries.
GoI Condemns False Reporting on Cairn Legal Dispute
23 May 2021 at 16:21GoI has strongly condemned the false reporting in certain media by some vested interests claiming that the Government of India has purportedly asked state-owned banks to withdraw funds from foreign currency accounts abroad.
RBI relaxes timeline for compliance with various payment system requirements
22 May 2021 at 21:56RBI has relaxed the timeline for compliance with various payment system requirements. This has been done keeping in view the resurgence of the COVID-19 pandemic and the representations received from various bank and non-bank entities.
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