The Reserve Bank of India has exercised its powers conferred under Section 47A of the Banking Regulation Act of 1949 & imposed a penalty of Rs 1 crore...
The six-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, announced the sixth bi-monthly monetary policy statement for 2018-19. In it, the RBI has cut the...
On February 2, Andhra Pradesh Chief Minister Nara Chandrababu Naidu launched the 2nd phase of Pasupu-Kumkuma (Turmeric-Kumkum) scheme and welfare pensions. Under the scheme, women who are a...
Insurance regulator IRDAI has constituted a committee that will not only facilitate in identifying the Systemically Important Insurers (SIIs), but also recommend enhanced supervision measures for them. The...
India has been ranked at 54th position in the list of world’s most innovative countries, according to Bloomberg 2019 Innovative Index. It is for the first time that...
The insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has set up a 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go...
The Reserve Bank of India (RBI) has appointed a 5-member committee headed by Nandan Nilekani to suggest ways to improve digital payments. The committee will review the existing...
Markets regulator Securities and Exchange Board of India (SEBI) has recently allowed custodial services in the commodity derivatives market. Under the new framework, existing custodians will be permitted...
HDFC Mutual Fund has surpassed ICICI Prudential MF to become the India’s largest Asset Management Company (AMC). As per the latest data available with Association of Mutual funds...
The West Bengal government has launched Krishak Bandhu scheme to provide financial assistance to farmers and landless labourers. The state government will give an annual financial assistance (cash...
