Pressmediaofindia
New Delhi: Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India (RBI), the retail direct scheme and the integrated ombudsman scheme, via video-conferencing on Friday. In a statement on Thursday, the Prime Minister’s Office (PMO) said the RBI Retail Direct Scheme is aimed at …
November, 2021
January, 2020
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10 January
RBI amends KYC norms, allows banks to use V-CIP
The RBI has amended the KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers remotely. The V-CIP, which will be consent-based, will make it easier for banks and other regulated entities to …
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10 January
Government releases State Energy Efficiency Index 2019
Union Government today released the State Energy Efficiency Index 2019, which tracks the progress of Energy Efficiency initiatives in 36 States and Union Territories. Power Minister R K Singh released the index in New Delhi. The index is developed by Bureau of Energy Efficiency in association with Alliance for an …
July, 2019
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4 July
French lawmakers approve 3% tax on online giants
In France, the lower house of parliament today approved a small, pioneering tax on internet giants like Google, Amazon and Facebook. The French government hopes that other countries will follow the suit. The bill foresees a 3 per cent tax on the French revenues of digital companies with global revenue …
December, 2018
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24 December
GST reduced on 23 items and services; revised rates effective from 1st of next month
The GST Council has reduced tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks. With this, only 28 goods are left in the highest 28 per cent tax bracket. Monitors and TV screens up to 32-inches and power banks will attract 18 …
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24 December
Foreign investors pump in Rs 4,000 cr this month on strong rupee
Foreign investors pump in Rs 4,000 cr this month on strong rupee Representational PicForeign investors have pumped in nearly Rs 4,000 crore in the Indian capital markets this month so far. This comes following a 10-month high net inflow of over Rs 12,266 crore in the capital markets by Foreign …
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11 December
RBI Governor Resignation: Sensex Opens 450 Points Down
Mumbai: The key stock exchanges had a gap-down opening on Tuesday, with the S&P BSE Sensex losing over 450 points as investors were spooked on the surprise resignation of RBI Governor Urjit Patel on Monday. Further, early trends of the Assembly election results in five states which showed a neck and neck …
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10 December
RBI Governor Urjit Patel resigns
RBI Governor Urjit Patel on Monday stepped down from his post citing personal reasons. In a statement, Dr. Patel said he is stepping down with immediate effect. He said it was his privilege and honour to serve in the Reserve Bank of India in various capacities over the years. He …
March, 2018
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6 March
Rs 1.70 lakh cr budget likely for 2018-19
Hyderabad, Telangana Government is likely to propose a staggering Rs 1.70 lakh crore for 2018-19 financial year which is about Rs 20000 cr more than what the last fiscal of 2017-18 with Rs 1.30 lakh crore. Chief Minister K Chandrasekhar Rao who is aiming big to complete the major and …
February, 2018
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7 February
Foreign Delegation Called On HMRL MD Reddy
Hyderabad, Hyderabad Metro Rail Limited (HMRL) Managing Director NVS Reddy stressed on the need for vision, strategy, tact, empathy, patience and perseverance in handling challenges. Addressing a foreign delegation of 32 senior government officers from 25 countries he said identifying employees’ potential and empowering them is a key component for …