Economic Affairs

maggubhai

Arthik Parivesh Vol 4

11.40 lakh transactions settled in 8 hours after RBI operationalises NEFT 24X7 Keypoints : The RBI has operationalised National Electronic Funds Transfer (NEFT) System 24X7 from 12:00 am of 16th Dec,2019. Around 11.40 lakh transactions were settled in the first eight hours after it was made operational on 24X7 basis. This ensures availability of anytime …

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maggubhai

Arthik Parivesh Vol 3

Now, PM-Kisan payments only via Aadhaar-linked bank accounts PM-KISAN With a view to augment the income of the Small and Marginal Farmers (SMFs), the Government has launched Pradhan Mantri Kisan Samman Nidhi Scheme, in which all small and marginal farmers will get up to ₹6,000 per year paid in instalments of Rs 2,000 every four …

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Economic Affairs – Bank Merger and other developments – August 16 to 30

Record production of Wheat and Rice is expected in 2018-19 The 4th Advance Estimates of production of major crops for 2018-19 have been released by the Department of Agriculture, Cooperation and Farmers Welfare on 19thAugust, 2019.  As per 4th Advance Estimates, the estimated production of major crops during 2018-19 is as under Foodgrains  –  284.95 million tonnes. Rice  …

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Economic Affairs – August 1 to 15

RBI relaxes External Commercial Borrowing norms for corporates, non-banking lenders In more liquidity easing measures, the Reserve Bank has liberalised the end-use stipulations for the External Commercial Borrowings both for corporates as well as liquidity starved non-banking lenders. Corporate borrowers will be able to avail of ECBs to repay rupee loans taken for Capital expenditures …

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