Finance Ministry forms panel to suggest changes to NPS; head- Finance Secretary T.V. Somanathan The Ministry of Finance has set up of a four-member committee to review the National Pension Scheme (NPS) and suggest any changes in it, keeping in Read more
RBI keep key policy rates unchanged; Projects FY24 GDP at 6.5% The Reserve Bank of India (RBI), monetary policy committee (MPC) held its bi-monthly monetary policy meeting on April 3, 5 and 6, 2023. The MPC has decided to keep Read more
Centre hikes interest rates on small savings schemes for April-June Quarter (Q1) of FY24 The Union Ministry of Finance has raised the interest rates on different small savings schemes between 10-70 basis points for the April to June quarter of Read more
Axis Bank launches India’s first pocket-sized swipe machine ‘MicroPay’, based on ‘PIN on Mobile technology’ India’s third largest private sector lender Axis Bank has launched ‘MicroPay’, country’s first pocket-sized swipe machine, for accepting digital payments. The ‘MicroPay’ has been launched Read more
Piyush Goyal releases dynamic Foreign Trade Policy (FTP) 2023 The Union Minister of Commerce & Industry, Piyush Goyal announced the Foreign Trade Policy 2023, on March 31, 2023. The 2023 foreign trade policy has the vision to take India’s goods Read more
EPFO hikes interest rate on PF deposits to 8.15% for FY23 The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has raised the interest rate on the provident fund (PF) deposits marginally to 8.15 percent for Read more
Centre Extends Last date for linking of PAN-Aadhaar The last date for linking PAN and Aadhaar has been extended by the Government to 30 June, 2023, in order to provide some more time to the taxpayers. Earlier the last date Read more
First Citizens Bank enters deal with FDIC to buy Silicon Valley Bank (SVB) assets and liabilities The US Federal Deposit Insurance Corporation (FDIC) has entered into a purchase and assumption agreement with First Citizens Bank & Trust Company, for all Read more
Centre hikes DA/DR by 4 percent to 42% The Central Government has announced an increase in the Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for central government pensioners by 4 percent. This will increase the overall Read more
Finance Bill 2023 passed in Lok Sabha with key amendments The Finance Bill, 2023 was passed in the Lok Sabha with some amendments, on March 24, 2023. Union Finance Minister Nirmala Sitharaman tabled ‘The Finance Bill, 2023’ in the lower Read more