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New Delhi: The government has succeeded in meeting its fiscal deficit target for 2024-25, fixed at 4.8 per cent of the gross domestic product (GDP) in the revised budget estimate for the year, data released by the Controller General of Accounts on Friday showed. According to the CGA data, the Central government collected Rs 30.36…
New Delhi: Andhra Pradesh Chief Minister N Chandrababu Naidu, urged the Centre to withdraw Rs 500 currency notes in a bid to clamp down on corruption. Chandrababu Naidu who is also the president of Telugu Desam Party (TDP), a BJP ally, made this request during the inaugural speech TDP Mahanadu –the party’s annual three-day mega…
New Delhi: The Reserve Bank of India (RBI) said on Thursday it will continue to undertake liquidity management operations in sync with the monetary policy stance to keep system liquidity adequate to meet the productive requirements of the economy. A benign inflation outlook and moderate growth warrant a monetary policy to be growth-supportive, while remaining…
New Delhi: Digital payments firm Worldline ePayments India Private Limited on Tuesday announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator – Cross-Border. According to a statement from its parent firm, Worldline India, this authorisation enables Worldline ePayments India to facilitate cross-border online transactions…
Mumbai: The Reserve Bank Of India (RBI) is contemplating raising the deposit insurance limit beyond the current Rs 5 lakh. As per a report in the Business Standard, the central bank is actively considering to increase the deposit insurance limit for bank deposits from the present Rs 5 lakh within the next six months. It is…
RBI Bank Name Change: The Reserve Bank of India (RBI) issued a notification on May 21, 2025, announcing the name change of North East Small Finance Bank Limited to ‘slice Small Finance Bank Limited’ in the Second Schedule of the Reserve Bank of India Act, 1934. Following this move, several questions have arisen among account…
New Delhi: The record Rs 2.69 lakh crore dividend bonanza by the Reserve Bank of India (RBI) to the government is driven by robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a new report. Notably, the RBI was the top seller of foreign exchange reserves in January…
Last Updated:May 24, 2025, 13:04 is The RBI revised its Economic Capital Framework on May 15, 2025, adjusting market risk buffers, widening buffer ranges for stability risks, and updating surplus distribution policy. The new ECF framework comes into effect from the financial year 2024–25. The Reserve Bank of India (RBI) has revised its Economic Capital…
No news Business Business News Update, Share Market, Gold Silver, Petrol Diesel, RBI, Surplus, Government New Delhi14 minutes ago Copy link Yesterday’s big news was related to surplus transfer. The RBI Board has approved a record 2.69 lakh crore surplus transfer to the government for FY 2025. In the last financial year 2023-24, RBI transferred…
New Delhi: The Reserve Bank of India (RBI) on Friday approved its highest-ever dividend of a staggering Rs 2.69 lakh crore to the PM Narendra Modi-led Central government for the financial year 2024-25. The dividend payout is a robust 27.4 per cent increase over the corresponding figure of Rs 2.1 lakh crore for the previous…