15 Proposals worth Rs 6400 Cr Sanctioned for Stressed NBFCs and HFCs

The Finance Ministry has declared that the government has sanctioned 15 proposals worth Rs 6400 crores as part of the Special Liquidity Package, a part of the Rs 20.97 lakh crore ‘Atmanirbhar Bharat’ Package announced by the government. What is the Scheme? This scheme was launched on July 1 and it permits both primary and ..

Month: Current Affairs - August, 2020

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

Topics: Finance Ministry • HFCs • National Housing Bank • NBFCs • NHB • RBI

RBI and Finance Ministry to meet to decide on First Half Borrowing Plan

The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is to be held through video conferencing. The Plan According to the Union Budget 2020-21, the ..

Month: Current Affairs - March, 2020

Category: Economy & Banking Current Affairs

Topics: Borrowings • external debt • Finance Ministry • India-IMF • india-world bank • RBI • Reserve Bank of India (RBI) • Special drawing rights • Union Budget • US Dollar

Maximum insurance for bank deposits increased to ₹ 5 Lakh

The Union Finance Minister hiked the maximum insurance provided for bank deposits to ₹ 5 Lakh, per depositor, in her recent Union Budget 20-21. As per the existing guidelines of the Reserve Bank of India, deposits of the customers with all commercial banks and cooperative banks are insured under the Deposit Insurance and Credit Guarantee ..

Topics: Deposit insurance • Finance Ministry • Reserve Bank of India • union budget 2020-21

Finance Minister announces 102 lakh crore rupees project

On December 31, 2019, Finance Minister Nirmala Sitaraman announced 102 lakh crore worth projects to be implemented in next 5 years. During the announcement, she also released the report of Task Force on National Infrastructure Pipeline for 2019-2025. Highlights The infrastructure projects are to be introduced in railways, power, urban, irrigation, health and education. These ..

Month: Current Affairs - January, 2020

Category: Economy & Banking Current Affairs

Topics: 5 Trillion Dollar Economy • Economic growth • Finance Ministers of India • Finance Ministry • Growth rate • IMF • Infrastructure Development • nirmala sitaraman • World Bank

Govt. makes Aadhaar mandatory for PMVKY subscribers

Centre government has made Aadhaar (the unique 12-digit biometric identity number) mandatory for subscribers of Pradhan Mantri Vaya Vandana Yojana (PMVVY) which is a pension scheme for senior citizens. Finance Ministry notified that an individual eligible for receiving benefit under PMVVY scheme shall now be required to furnish proof of possession of Aadhaar number or ..

Month: Current Affairs - December, 2019

Category: Government Schemes Current Affairs

Topics: Aadhaar • Aadhaar Act • Finance Ministry • LIC • Life Insurance Corporation of India • PMVVY • Pradhan Mantri Vaya Vandana Yojana