Interest rates unchanged for small savings schemes in 4th quarter FY 2016-17
Govt. keeps interest rates unchanged for small savings schemes in fourth quarter
Category Archives: Finance
Conversion of Kisan Credit Cards into Rupay Cards
Conversion of Kisan Credit Cards into Rupay Cards Under revised Kisan Credit Card (KCC) Scheme issued by Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD), withdrawal through ATM/Debit Cards has been allowed as one of the delivery channels for the drawal of the drawing limit for the current season/year.… Read More »
Speedy Recovery of Non-Performing Assets (NPAs) of Public Sector Banks
Speedy Recovery of Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) as on September, 2016 stands at Rs.5,89,502 Crore (11.82%). During FY 2015 and FY 2016 PSBs made total NPA recoveries of Rs.42,542 Crore and Rs.39,986 Crore, respectively. The bank-wise details of recovery of NPAs due to… Read More »
Indian economy is estimated to grow at 7.1% in 2016-17
First Advance Estimates released by the Central Statistics Office (CSO), the economy is estimated to grow at 7.1 per cent in 2016-17, as compared to the growth of 7.9 per cent achieved in 2015-16 As per the First Advance Estimates released by the Central Statistics Office (CSO), the economy is estimated to grow at 7.1… Read More »
New Benefits for National Pension System Subscribers in Union Budget 2017-18
New Benefits announced for NPS Subscribers in Union Budget 2017-18 In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A)of… Read More »
India Post Payments Bank – Saving Account charges and features
India Post Payments Bank – Saving Account charges and features IPPB – Schedule of Charges (Tariffs are excluding applicable taxes) Banking Services for Everybody: IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere. Regular Account – Safal Basic Savings Bank Deposit Account (BSBDA) – Sugam BSBDA Small – Saral While… Read More »
Launch of India Post Payments Bank Branches
India Post Payments Bank
Disinvestment Target and Achievements during 2016-17 of Govt of India
Disinvestment Target and Achievements during 2016-17 Government realizes Rs.21,432.38 crore, by end-November 2016, through CPSEs’ disinvestment receipts, constituting around 59.53 % of the Budgeted Target of Rs. 36,000 crore ; Government takes various steps to accelerate the disinvestment process including replacement of annual plan with rolling plans, Fast tracking of approval process and to make… Read More »
Govt of India Achievements under various Schemes including PMJDY
Achievements made under various Schemes including PMJDY Large scale achievements made under various Schemes including PMJDY; 26.03 crore accounts opened as on 21st December, 2016 under PMJDY out of which 15.86 crore accounts are in rural areas and 10.17 crore in urban areas; Deposits worth Rs. 71,557.90 crore mobilsed under the Scheme; 1,26,985 Bank Mitras… Read More »
Financial Data Management Center Committee Report
Report of the Committee to study the Financial Data Management Legal Framework in India Department of Economic Affairs Ministry of Finance October 25, 2016 Submitted to Ministry of Finance Government of India 1. Introduction 1.1 The Financial Sector Legislative Reforms Commission (FSLRC) has, inter-alia, recommended the creation of a statutory Financial Data Management Centre (FDMC),… Read More »