Digital Platforms Asks 6 Months Extension for Tokenisation from RBI
Startups and digital platforms have urged the Reserve Bank of India (RBI) to extend at least six months from the December 31, 2021 deadline for...
Category : ECONOMY
Centre Distributes Rs 2,714 Crore Loan Under PM SVANidhi
The government has distributed loans worth Rs 2,714 crore to 27.06 lakh beneficiaries under PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme. According to the...
SEBI Bans Futures Trade in 7 Agri Commodities
The Securities and Exchange Board of India (SEBI) has banned exchanges from launching new futures contracts in paddy, wheat, chana, mustard seeds, soybean and its...
RBI Refuses to Relax Asset Classification for NBFCs
The RBI has turned down the request of non-banking financial companies (NBFC) to relax asset classification and provisioning norms. This will give rise to lousy...
Cabinet Approves Rs 76K Crore Incentive Scheme For Semiconductors
The Cabinet has approved the Rs 76,000 crore incentive scheme for semiconductors. Under this scheme, India will set up over 20 semiconductor design, components manufacturing...
Centre Earns Taxes Over Rs 8 Lakh Crore on Petrol, Diesel: FM Sitharaman
The government collected more than Rs 8 lakh crore from taxes on petrol and diesel in the last three fiscal years, Finance Minister Nirmala Sitharaman...
WPI Inflation Rate in November Raises to 14.23%
The rate of wholesale inflation increased to 14.23 per cent in November 2021 as per the data by the Department for Promotion of Industry and...
PSBs Lost Rs 2.85 Lakh Crore Due to Loan Default of 13 Firms
Public sector banks (PSBs) have lost Rs 2.85 lakh crore due to loan default of 13 companies even after the banks are used to bail...
India Plans Rs 76,000 Crore Red Carpet For Semiconductor Firms
The centre is planning to give incentives of Rs 76,000 crore to set up over 20 semiconductor companies, components manufacturing and display fabrication units in...
Paytm Payments Bank Receives Scheduled Bank Status From RBI
Paytm Payments Bank said it had been given the Reserve Bank of India (RBI). The bank has been included in the Second Schedule to the...