Community & General News

RBI Governor | Projection of real GDP growth for 2021-22 is retained at 10.5%

08 April 2021 at 05:19

Projection of real GDP growth for 2021-22 is retained at 10.5 percent consisting of 26.2 per cent in Q1; 8.3 per cent in Q2; 5.4 per cent in Q3; and 6.2 per cent in Q4.

Posted in Community & General | 1086 Views

RBI releases a Statement on Developmental and Regulatory Policies

08 April 2021 at 05:09

Measures on (i) liquidity management and support to targeted sectors; (ii) regulation and supervision; (iii) debt management; (iv) payment and settlement systems; (v) financial Inclusion; and (vi) external commercial borrowings.

Posted in Community & General | 1401 Views

FM Smt. Nirmala Sitharaman attends Second Virtual G20 Finance Ministers and Central Bank Governors Meeting

08 April 2021 at 05:02

FM Smt. Nirmala Sitharaman participated virtually in the Second G20 FMCBG meeting under the Italian Presidency here today to discuss policy responses to global challenges to restore strong, sustainable, balanced and inclusive growth.

Posted in Community & General | 948 Views

More than 28.68 crore loans for an amount of Rs 14.96 lakh crore sanctioned since launch of the PMMY

07 April 2021 at 14:19

4.20 crore PMMY loans sanctioned in 2020-21 and Rs. 2.66 lakh Crore sanctioned in FY 2020-21 (As on 19.03.2021). The average ticket size of the loans is about Rs 52,000/-

Posted in Community & General | 792 Views

RBI specifies Category-I AIFs set up as trust as qualified buyers

07 April 2021 at 04:53

RBI has specified Category I AIFs set up as trust and registered with SEBI under Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, as ‘qualified buyers’ subject to certain conditions.

Posted in Community & General | 2046 Views

India hosted a Virtual Meeting of BRICS Finance Ministers & Central Bank Governors today on 6th April 21

06 April 2021 at 19:13

FM talked about thematic priorities for New Development Bank for discussion during 2021 and the issues of membership expansion. She also called for greater coordination among BRICS member countries on the issues of 16th general review of Quotas of IMF.

Posted in Community & General | 906 Views

Rs 2,74,034 crore FPI inflows in Indian equity markets

06 April 2021 at 11:26

The growth forecast for India in FY 2021-22 have been pegged above 10% by the World Bank, IMF and several global research organisations underscoring that India will continue to remain an attractive investment destination in the near future.

Posted in Community & General | 960 Views

Finance Act 2021 hasn't brought in any additional tax on Indian workers in Saudi/UAE/Oman/Qatar, clarifies FM

06 April 2021 at 05:21

The Finance Act, 2021 hasn't brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of the term "liable to tax" in the Income Tax Act to provide clarity.

Posted in Community & General | 1440 Views

Government measures increase FDI inflows in the country

05 April 2021 at 19:45

India Attracts a total FDI inflow of US$ 72.12 billion from April 2020 to January 2021. Computer Software & Hardware emerged as the top sector with 45.81% of total FDI Equity inflow.

Posted in Community & General | 1422 Views

More than Rs. 25,586 crore sanctioned under Stand Up India Scheme to over 1,14,322 accounts

04 April 2021 at 10:22

The objective of Stand-Up India is to promote entrepreneurship amongst women, SC, & ST categories, to help them in starting a greenfield enterprise in the trading, manufacturing and services sector, by both ready and trainee borrowers.

Posted in Community & General | 1332 Views