FE Finance ministry on Friday met fintechs and banks such as Punjab National Bank (PNB) and State Bank of India (SBI), and officials from various government departments, to discuss the ways to tackle increasing incidents of recent online financial frauds. The meeting was chaired by Vivek Joshi, secretary, department of financial services, and involved officials from department of revenue, telecom regulatory authority of India (Trai), Reserve Bank of India (RBI), Telecom Regulatory Authority of India (TRAI), Unique Identification Authority of India (UIDAI), Indian Cyber Crime Co-ordination Center (I4C), National Payments Corporation of India (NPCI), among others. The meeting, which was a follow-up on the…
Author: Amit Bhanot
The Government of India and the Asian Development Bank (ADB) today signed a $200 million loan to strengthen flood and riverbank erosion risk management along the 650 kilometres (km) long main stem of the Brahmaputra river in the state of Assam. The signatories to the loan agreement for the Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management Project in Assam were Ms. Juhi Mukherjee, Joint Secretary, Department of Economic Affairs in the Ministry of Finance, for the Government of India, and Mr. Hoe Yun Jeong, Deputy Country Director of ADB’s India Resident Mission, for ADB. The project builds…
The inaugural edition of ‘Vividdhta ka Amrit Mahotsav,’ being held at Rashtrapati Bhavan from the 8th to the 11th February, 2024, commenced with a historic celebration of the diverse cultural heritage of Northeast India. Organized by the Ministry of Development of North Eastern Region in collaboration with the Ministry of Culture, the Mahotsav served as a vibrant cultural odyssey, leaving an indelible mark on the hearts of the attendees. The event was inaugurated by the President of India, Smt. Droupadi Murmu with the Minister of DoNER, Shri G. Kishan Reddy, leading the felicitation. Minister of DoNER, Culture and Tourism, Shri G. Kishan…
PTI The Reserve Bank on Friday raised the ceiling on remuneration of non-executive directors in private banks to Rs 30 lakh per annum from Rs 20 lakh. In April 2021, the central bank had fixed the ceiling of remuneration at Rs 20 lakh per annum for NEDs (non-executive directors). “Considering the crucial role of NEDs in efficient functioning of bank boards and its various committees and in order to further enable the banks to sufficiently attract qualified competent individuals on their boards, it has been decided to revise the aforementioned ceiling to Rs 30 lakh per annum,” it said in…
PTI The issue price of the next tranche of Sovereign Gold Bond, opening for subscription for five days from Monday, has been fixed at Rs 6,263 per gram, the Reserve Bank said in a statement on Friday. The Sovereign Gold Bond Scheme 2023-24 – Series IV will be open for subscription during February 12–16, 2024. “The nominal value of the bond … works out to Rs 6,263 per gram of gold,” the central bank said.The Government of India, in consultation with the Reserve Bank, has decided to offer a discount of Rs 50 per gram less than the nominal value…
PTI Delhi on Saturday recorded a minimum temperature of 5.2 degrees Celsius, five notches below the season’s average, according to the India Meteorological Department (IMD). The weather department has forecast a largely clear sky during the day. The maximum temperature is expected to hover around 24 degrees Celsius, it said, adding that the humidity recorded at 8:30 am was 97 per cent. At 9 am, the Air Quality Index (AQI) of the city was recorded at 238, which falls in the “poor” category, according to the Central Pollution Control Board (CPCB).
NHAI has raised the highest ever concession value of Rs.15,624.90 Crore through ’InvIT Round-3’. It is achieved by monetizing 10 stretches with the aggregate length of about 890 km. The Letter of Acceptance (LOA) was issued within two hours of the opening of the bid. NHAI is adopting three modes for monetizing, i.e. Toll Operate Transfer (TOT), InvIT and Securitization. During this Financial year, NHAI has already awarded four TOT Bundles and monetized value of Rs.15,968 Crore The success rate in TOT mode during FY24 was 100% and LoAs were issued within one day of the financial bid opening. Earlier, under…
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi approved 6 (Six) projects of Ministry of Railways with total estimated cost of Rs. 12,343 crore (approx.) with 100% funding from Central Government. The multi-tracking proposals will ease operations and reduce congestion, providing the much-required infrastructural development on the busiest sections across Indian Railways. The projects are in line with Hon’ble Prime Minister Shri Narendra Modiji’s Vision of a New India which will make people of the region “Atmanirbhar” by way of comprehensive development in the area which will enhance their employment/ self-employment opportunities. The 6 (Six)…
As our nation’s backbone, the Micro, Small, and Medium Enterprises (MSME) sector plays a pivotal role in fostering employment opportunities and reducing regional imbalances. In a significant stride towards fostering digital inclusion in the MSME sector, the Quality Council of India (QCI) and Open Network for Digital Commerce (ONDC) are proud to announce the launch of the DigiReady Certification (DRC) portal. For the initiative, QCI, in conjunction with ONDC, aim to assess and certify digital readiness of MSME entities. By leveraging this online self-assessment tool, MSMEs can evaluate their preparedness to seamlessly onboard as sellers on the ONDC platform, thereby…
The Second Meeting of the National Traders’ Welfare Board (NTWB) was held at Vanijya Bhawan, New Delhi under the chairmanship of Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Sh. Piyush Goyal. The Minister in his special address, highlighted the relevance of NTWB and its objectives for the welfare of Retail Traders and the initiatives being taken by the Department for Promotion of Industry and Internal Trade (DPIIT) for traders. He directed to hold regular interactive sessions, wherein the traders can be kept informed of the various schemes and policies related to internal trade.…