Page-3 of Ministry of Finance

Rajasthan: AU SFB- NABARD to boost rural development projects

September 30, 2021

Private sector AU Small Finance Bank (SFB) signed a pact with the National Bank for Rural and Development (NABARD) on September 29, 2021 in a bid to boost ongoing rural development initiatives in the state of Rajasthan. Highlights A Memorandum ..

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IOB out of RBI PCA Framework

September 30, 2021

Reserve Bank of India (RBI) has moved out the public sector lender Indian Overseas Bank (IOB) from Prompt Corrective Action (PCA) framework after its financial and credit profile improved. Key Points This decision provides lender more freedom to lend, especially to corporations and ..

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RoDTEP Scheme: India notifies Duty Rebate Rates

August 18, 2021

Centre government notified the rates and guidelines for Remission of Duties and Taxes on Exported Products (RoDTEP) export incentive scheme. Key Points This scheme for zero rating of exports will help in boosting India’s exports and competitiveness across the global ..

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FinMin Joint Secretary Rashmi R Das appointed to UN Tax Committee

July 22, 2021

Rasmi Ranjan Das, a Joint secretary of the Finance Ministry has been appointed to the UN tax committee as a member for the term period 2021 to 2025. Rasmi Ranjan Das is Joint Secretary – (FT&TR-I), Central Board of Direct ..

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Cabinet approves PMGKY 4.0

June 24, 2021

Union government has approved PMGKY 4.0 to allocate additional food grain for another period of five months from July 2021 to November 2021. Key Points Pradhan Mantri Garib Kalyan Yojana Phase IV will be launched from July 2021 to November ..

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T Rabi Sankar named RBI deputy governor

May 3, 2021

The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. About T Rabi Shankar T Rabi Shankar is in charge of fintech, payment system, risk management and information technology at the Apex Bank. He has succeeded ..

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