The Reserve Bank of India will soon come up with India’s first payments bank, which will offer deposit and payment services but not provide loans. This idea is...
Sourav Ganguly, former India cricket team skipper, has been inducted into the Supreme Court appointed Mudgal Panel that has been set up to investigate the IPL spot-fixing and...
In its first major step after assuming charge, Prime Minister Narendra Modi’s government has ordered the formation of a Special Investigation Team (SIT) to investigate black money, mostly...
The Reserve Bank of India (RBI) released, on its website for public comments, the Report of the GIRO (Government Internal Revenue Order) Advisory Group. GIRO Advisory Group (GAG) was...
RBI has accepted the P. Vijaya Bhaskar Committee’s recommendations relating to Financial Benchmarks. RBI has asked for establishing an independent body for recommending benchmark foreign exchange rate in order to...
As per the Aditya Puri committee recommendations, customers should be given a free copy of their credit profile as it would help in promoting financial discipline among loan...
At the 12th sub-committee meeting of the Financial Stability and Development Council (FSDC), headed by RBI Governor Raghuram Rajan, held at New Delhi, it was decided to set...
The Union Government decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 %. The decision to hike interest rates is...
The Union Government expanded Bezbaruah panel to look into the various kinds of concerns of the persons hailing from the North Eastern States, who are living in different...
In order to benefit over 50 lakh employees and over 30 lakh pensioners, the Union Cabinet approved terms of reference for seventh pay commission. This includes merging dearness...
