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New Delhi: The Reserve Bank of India (RBI) on Thursday said that the UPI limit for tax payment matters has been increased from Rs 1 lakh to Rs 5 lakh per transaction. This will ease the process of tax payers with higher tax liabilities to pay their dues quickly and without any hassle. RBI Governor…
New Delhi: The Reserve Bank of India (RBI) on Thursday proposed measures to speed up clearance of cheques from cycle of up to two working days to just a few hours. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting proposed to transition Continuous Clearing of Cheques under Cheque…
Last Updated: August 08, 2024, 07:26 IST RBI MPC Meeting LIVE Updates: RBI Governor Shaktikanta Das will announce the repo decision at 10 am today, August 8, even as the Monetary Policy Committee’s 3-day meeting comes to an end on Thursday. According to analysts, the RBI MPC is likely to maintain the status quo on…
New Delhi: The government has approved the continuation of Modified Interest Subvention Scheme (MISS) for the financial year 2024-25. Accordingly, the Reserve Bank of India (RBI) has notified, “(i) In order to provide short term crop loans and short term loans for allied activities including animal husbandry, dairy, fisheries, bee keeping etc. upto an overall…
Published By: Nandy’s Likes Last Updated: August 04, 2024, 10:33 IST List of govt jobs to apply for this week (Representative image) If you are also one of those who is seeking to become a government employee, here’s a rundown of the top government-job vacancies that are recruiting this week Over the years, preference for…
NEW DELHI: About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over. This essentially means 97.92 per cent of the total value of the high-value Rs 2,000…
New Delhi: Digital payments in India have registered a 12.6 per cent increase year-on-year with the RBI’s Digital Payments Index (RBI-DPI) rising to 445.5 at the end of March 2024 compared to 418.77 in September 2023 and 395.57 in March 2023. “The RBI-DPI index has increased across all parameters driven by significant growth in payment…
New Delhi: The Reserve Bank of India (RBI) has tightened the framework for domestic money transfers in order to keep track of both cash pay-in and pay-out services. In a circular issued on Wednesday, the RBI stated that in the case of cash pay-out service, the remitting bank shall obtain and keep a record of…
New Delhi38 minutes agoAuthor: Gurudutt Tiwari copy link Every year around 10 lakh home loans are given in the country. In 70% of these cases, banks, NBFCs or other financial institutions start the interest meter even before transferring the home loan amount. Whereas, RBI guidelines say that this cannot be done. Case No.1: Ayush Chaudhary,…
New Delhi: India’s foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI). The data highlights an increase of USD 9.69 billion in just one week, as of 12 July, surpassing the previous high of USD 657.2 billion….