Govt to cut Small savings scheme rates, to be reviewed every quarter

The National Savings Schemes (NSSs) regulated by the Ministry of Finance offer complete security of investment combined with high attractive returns. These schemes also act as instruments of financial inclusion especially in the geographically inaccessible areas due to their implementation primarily through the Post Offices, which have reach far and wide.  The small savings interest rates […]

Union Cabinet approves creation of a Credit Guarantee Fund for MUDRA loans

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for the creation of a Credit Guarantee Fund for Micro  Units  Development  Refinance  Agency  (MUDRA)  loans and to convert MUDRA Ltd. into MUDRA Small  Industries  Development  Bank  of  India (SIDBI)  Bank as a wholly owned subsidiary of SIDBI.The Fund is […]

Dr. Jitendra Singh inaugurates Workshop on online Pension Sanction and Payment Tracking System ‘Bhavishya’

Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh has said the practice of submitting digital life certificates for continuation of pensions will soon be done away with. Inaugurating an Awareness Workshop on the online Pension Sanction […]

Government extends RuPay Card usage condition to 90 days

Pradhan Mantri Jan Dhan Yojana (PMJDY) – a National Mission on Financial Inclusion was announced by the Prime Minister Shri Narendra Modi in his Independence Day Speech 2014 with the main objective of covering all households with at least one bank account per household across the country. The scheme was formally launched on 28th August, […]

Dr. Jitendra Singh to inaugurate Workshop on online Pension Sanction and Payment Tracking System ‘Bhavishya’

Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh will inaugurate an Awareness Workshop on the online Pension Sanction and Payment Tracking System ‘BHAVISHYA’ in New Delhi on Thursday, November 26, 2015. Head of Offices (HOO)/Drawing & […]

PM Modi to Launch Gold Related Schemes on 5th November, 2015

The Prime Minister Shri Narendra Modi will launch the four mega Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme, Gold Coin Scheme and the Gold Bullion Scheme on Thursday, 5th November, 2015 in the national capital. The salient features of each of the aforesaid scheme are as follows: Gold Monetisation Scheme […]

Roundtable Strategy Meet of Non-Bank Points of Presence (POPs) to discuss NPS penetration in Private sector held; POPs advised to tap the potential which has been created due to the availability of exclusive tax benefits on investment of Rs. 50000/- in NPS

A roundtable strategy meet of Non-Bank Points of Presence (POPs) was held here day before yesterday to discuss NPS penetration in private sector. In his keynote address, Shri R. V. Verma, WTM (F) deliberated on the critical role of the POPs in the NPS architecture in soliciting and offering NPS to the individuals. He further […]

Government Welcomes the Reserve Bank of India’s Decision to Reduce the Repo Rate to 6.75 Percent from 7.25 Percent

he Union Finance Minister Shri Arun Jaitley said that the Government welcomes the Reserve Bank of India (RBI)’s decision to reduce the repo rate to 6.75 percent from 7.25 percent. The Finance Minister was responding to the Monetary Policy announcement made by the Reserve Bank of India today. The Finance Minister said that constant vigilance […]

Ex-post-facto approval to capital infusion made in Export Import Bank of India

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its ex-post-facto approval to the capital infusion made in the Export Import Bank of India (EXIM Bank) of Rs. 800 crore, as approved in the Demands for Grants and consented to by the Finance Minister to support the future growth of the […]

Employees’ Pension Scheme, 1995 gets Rs. 2,250 crore

The Union government has released a sum of Rs. 2,000 crore to Employees’ Pension Scheme, 1995 as its contribution for the year 2015-16. Shri Bandaru Dattatreya, Union Minister of State for Labour & Employment (Independent Charge) said this in a statement issued here last evening. This contribution is in addition to Rs. 250 crore contributed […]

Comments

comments