The Government of India (GoI) has amalgamated three Regional Rural Banks (RRB) — Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank — into a single RRB with effect from January 1. The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National ..
The Comptroller and Auditor General (CAG) rebuked the Uttar Pradesh government for higher cost of tax collection as compared to the national average. As per the the CAG Report: Gross collections related to trade tax/VAT receipts during 2008-09, 2009-10 and 2010-11 stands at Rs 17,482 crore, Rs 20,825 crore and Rs 24,836 crore respectively, on ..
November 19, 2009 : Some latest data on Agricultural Credit The target agricultural credit to be disbursed among the farmers across the country during the current fiscal year 2009-10 was approximately Rs. 3.25 Lakh Crore. Out of this amount Rs 1.38 lakh crore have been disbursed up to September which is about 42.41% of the ..
Background of the situation: The MSE sector in India has around 26 million (2.6 crore) units in which employ about 60 million (6 crore) people. After declaring Industrial Policy in July 1991, Government of India announced a policy towards the small sector on August 6, 1991. In this policy the investment limit was raised from ..
July 1, 2009 : India’s exports fall by 29% in MayJuly 2, 2009: India’s external debt up at $230 bnJuly 2, 2009 : BP wins rights to major Iraqi oil fieldJuly 3, 2009 : IFC report says India still not favourable for doing business: SurveyJuly 4, 2009 : Banking sector top job provider in first ..