RBI joins in to fight Coronavirus in India; 3 months EMI exempts 2020-03-27 07:15:14

Just a day following the announcement of the INR 1.7 lakh crore relief package by the Finance Minister, Nirmala Sitharaman, the Reserve Bank of India (RBI) stepped in to do their part in fighting this coronavirus pandemic in India. There...

Keywords: RBI, RBI, EMI exempts, coronavirus

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750 Million dollar agreement signed between India and World Bank for MSME’s: 2020-07-06 15:32:37

The World Bank and the Government of India today signed the $750 million agreement for the MSME Emergency Response Programme to support the increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), severely impacted by...

Keywords: MSME, Government of India, MSME, MSME

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2nd Phase Updates On Govt’s 20 Lakh Crore Stimulus Package By Nirmala Sitharaman 2020-05-14 13:32:12

On Thursday, Nirmala Sitharaman, Union Finance Minister announced the second phase of measures to be taken under the “Atmanirbhar” with an intention to refocus and boost the economy with the available Rs 20 Lakh crore package announced by Modi.Highlights Announcement...

Keywords: 20 lakh crore package, 20 lakh crore package, Indian Economy, “Atmanirbhar”

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NBFC gold loans: RBI for stricter norms 2012-03-24 05:45:41

RBI also made it clear henceforth that, NBFCs should not grant any advance against bullion or primary gold and gold coins. Also, RBI observed that NBFCs who are predominantly engaged in lending against the collateral of gold jewellery have recorded...

Keywords: Muthoot Finance, RBI Stricter norms, RBI Stricter norms, Muthoot Finance

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RBI reduces reverse repo rate to 3.75% 2020-04-17 06:25:08

In the press briefing that happened at 10 in the morning, RBI Governor, Shaktikanta Das revealed some of the quintessential measures that RBI is taking in helping people battle this Covid-19 outbreak. Out of them all, the one that stood...

Keywords: banks, covid-19, RBI, rbi governor

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SEBI Brings in Single Regime for NRI, FPI, PIO Investors 2019-01-04 04:55:19

Indian regulatory body Securities and Exchange Board of India (SEBI) has come out with rules for the merger of Foreign Portfolio Investment (FPI) and non-resident Indians/overseas citizens routes to bring in a single regime for foreign investors and regulate NRI...

Keywords: nri post office investments, nri investment, nri investment meaning, nri investment in mutual funds

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