Merger of the 10 Public Sector Banks

In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular step of the government has stood out. This was the planned merger ..

Delhi government to provide free rides to women in city buses and metro trains

The Delhi Cabinet has given “in principle” approval to the free-ride scheme of providing free rides for women in city buses and metro trains. For this cause, the Delhi Assembly also passed Supplementary Demands for Grants of Rs 290 crore. ..

RBI Surplus Transfer to Government

The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government from its own reserves. RBI Reserves The following three funds of RBI constitute the Reserves. They are: Currency and Gold Revaluation Account (CGRA), ..

Government gets Rs 1.76 lakh crore surplus transfer from the RBI

The Indian Government has received a massive boost from the RBI as the RBI has agreed to transfer over Rs. 1.76 lakh crores.? What has happened? The Bimal Jalan committee had recommended the transfer of the surplus funds held by ..

Project SU.RE inaugurated by Smriti Irani

The Project SU.RE (Sustainable Resolution) is a joint project of CMAI (Clothing Manufacturers Association of India) of United Nations (UN) & IMG Reliance (International Management Group). It has been inaugurated by Union Minister for Textiles Smriti Zubin Irani during Lakme ..

Paytm bags title sponsorship rights for Indian cricket team for 5 years

The Board of Control for Cricket in India (BCCI) has extended title sponsor rights to Paytm for the Indian cricket team’s international and domestic matches with a winning bid of Rs 3.80 crore per match for the 4-year cycle commencing ..