Meeting conducted by RBI prior to demonitization RBI held a meeting of its Central Board on November 8, 2016. The agenda of the meeting, inter-alia, included the item : “Memorandum on existing banknotes in the denomination of Rs 500 and Rs 1000 – Legal Tender Status” The following Directors of Central Board of Reserve Bank… Read More »
Credit and debit cards including RuPay Cards issued by the public sector banks Reserve Bank of India (RBI) collects information on the number of debit and credit cards outstanding by the Scheduled Commercial Banks (SCBs). The credit and debit cards outstanding for the last three years is placed below: (in millions) 2013-14 (As at… Read More »
Use of Bitcoins Promotion of Digital economy is in integral part of Government’s strategy to clean the system and weed out corruption and black money. The earlier initiatives of the Government to promote financial inclusion and the Jan Dhan-Aadhaar-Mobile (JAM) trinity were important pre-curser. However, RBI has cautioned the users, holders and traders of Virtual… Read More »
Utilisation of Foreign Exchange Reserves India’s foreign exchange reserves (FER) increased from US$ 341.6 billion at end March 2015 to US$ 360.2 billion at end March 2016 and US$ 360.8 billion as on 20th January 2017. India’s foreign exchange reserves (FER) comprise foreign currency assets, gold, Special Drawing Rights (SDRs) and Reserve Tranche Position (RTP)… Read More »
Money Credited in Bank Accounts Reserve Bank of India (RBI) has advised the banks vide in circular Ref. No.DBS.CO.PPD / 4220/11.01.005/2016-17 dated November 29, 2016 to take action to prevent / detect / contain the malpractices or wrongdoing by staff in branches exchange / deposit of Specified Bank Notes (SBN). The banks were also advised… Read More »
Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.5/2017-CUSTOMS (N.T.), dated 19thJanuary, 2017, except as respects things done or omitted… Read More »
First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2015-16 The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2015-16 (with Base Year 2011-12) as per the revision policy*. Second Revised… Read More »
Economic survey 2016-17 Download Economic survey 2016-17 of India Link to Download Economic survey 2016-17
Economic Survey: Press conference by Chief Economic Adviser Dr. Arvind Subramanian Press conference by Chief Economic Adviser, Ministry of Finance, Dr. Arvind Subramanian and his team after laying of Economic Survey 2016-17 in Parliament. on 31.01.2017
Address by the President of India, Shri Pranab Mukherjee to members of both houses of Parliament Honourable Members, In this Basant season of renewal and resurgence, I welcome you all to this Joint Session of both Houses of Parliament. This is a historic session heralding the advancement of the Budget cycle and merger of the… Read More »