RBI revises audit norms for banks
The Reserve Bank has come out with a revised long format audit report (LFAR) norms with a view to improve the efficacy of internal...
6 years of Jan Dhan: 40.35 crore beneficiaries, ₹1.31 lakh crore worth deposits, majority...
The flagship scheme of Narendra Modi government, the Pradhan Mantri Jan Dhan Yojana (PMJDY), completed 6 years on August 28, 2020. In the past...
ICICI becomes the first bank in introducing satellite data to assess farmers’ credit worthiness
ICICI has become the first bank to introduce satellite data to assess farmers' credit worthiness. It will conduct these assessments in combination with technologies...
Centre issues GST exemption for businesses having turnover upto ₹40 lakh
The Finance Ministry on Monday announced a GST tax exemption for businesses with an annual turnover of ₹ 40 lakhs and those who make...
Nirmala Seetharaman assures immediate action against banks denying loans to SMEs
Finance Minister Nirmala Sitharaman has advised banks not to refuse to provide emergency loans to small, medium and micro-enterprises (SME) under the emergency credit...
Agarbatti production to boost India’s Atmanirbhar initiative
Union Minister for Micro Small and Medium Enterprises Nitin Gadkari has approved a unique employment generation program proposed by Khadi and Village Industries Commission...
More than 40 crore Jan Dhan accounts opened
The flagship scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) achieved a new milestone with more than 40 crore bank accounts being opened under the...
Centre sanctions loan worth ₹89,810 Crore to 1.1 crore farmers through Kisan Credit Card
In the wake of the coronavirus lockdown, the Central Government has announced an economic recovery policy to help various sectors and announced assistance programs...
India – Sri Lanka sign $400 mn currency swap agreement
The Government of Sri Lanka signed an agreement for currency swap of $ 400 million, or about ₹ 3000 crores with the Indian Government....
Gujarat’s Morbi looks to conquer China’s toy market the ‘Atmanirbhar’ way
In response to Prime Minister Modi's call for an 'Atmanirbhar Bharat', over 150 firms in Morbi, Gujarat, have come together to create local products...
