The 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.
IFSCA, 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.
The 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.
The signed MoUs would help in the advancement of the goals on equity, public accountability and innovation among the beneficiaries countries.
GoI 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 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.
Addressing the invitees as Chief Guest, Finance Minister Smt. Sitharaman highlighted the imperative for the competition watchdog to have a market-friendly and forward-looking approach in the rapidly changing Indian and the global economy.
GoI, in due consultation of the suggestions received on the draft rules, has issued the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021 in order to further amend the Indian Insurance Companies (Foreign Investment) Rules, 2015.
GoI has reviewed the existing procedure for approval of global manufacturers for importing oxygen cylinders by Petroleum and Explosive Safety Organization (PESO).
The meeting focused on increasing vaccine availability in an inclusive and equitable manner to combat the Global pandemic caused by Covid-19. Both sides agreed to work towards the common resolve of increasing vaccine availability and saving lives.
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