EASE 5.0 ‘Common reforms agenda’ of EASENext program has been developed for Public Sector Banks and was launched through video-conferencing by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in New Delhi on Wednesday.
Tag: Economy
Enhanced Access and Service Excellence-EASE on Wednesday has evolved over four annual editions from FY19 to FY22 and has catalyzed reforms in diverse areas in Public Sector Banks.
EASE 5.0 ‘Common reforms agenda’ of EASENext program has been developed for Public Sector Banks and was launched through video-conferencing by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in New Delhi on Wednesday.
The event was attended virtually by Managing Directors and CEOs, and other senior executives of Public Sector Banks.
Prime Minister Shri Narendra Modi inaugurated iconic week celebrations of the Ministry of Finance and Ministry of Corporate Affairs today.This week is being celebrated as part of the ‘Azadi Ka Amrit Mahotsav’ (AKAM) from 6th to 11th June 2022. He also launched the National Portal for Credit Linked Government schemes – Jan Samarth Portal. He also inaugurated a Digital Exhibition which traces the journey of the two Ministries over the past eight years. The Prime Minister also released a special series of ₹1, ₹2, ₹5, ₹10 and ₹20 coins. These special series of coins will have the theme of the logo of AKAM and will also be easily identifiable to visually impaired persons.
Reserve Bank Governor Shaktikanta Das on Thursday urged banks and NBFCs to continue the process of augmentation of capital and building up of appropriate buffers to meet future uncertainties. Unveiling the bi-monthly policy, Das said RBI has been watchful of the impact of the pandemic on the banking and NBFC sectors when the effects of regulatory reliefs…
Statement on Developmental and Regulatory Policies sets out various developmental and regulatory policy measures relating to (i) liquidity measures; (ii) financial markets; (iii) payment and settlement systems and (iv) regulation and supervision.
RBI’s Monetary Policy Committee (MPC) had began its three-day deliberations on February 8th instead of 7th due to Maharashtra government’s decision to declare February 7 as a public holiday to mourn the passing of the singing legend Lata Mangeshkar.
The RBI has decided to continue its accomodative stance and has kept repo rate unchanged at 4 percent and reverse repo rate unchanged at 3.35 percent. The Reserve Bank of India has projected real GDP Growth at 7.8 percent for fiscal year 2022-23.The CPI inflation projection has been retained at 5.3% for FY 2021-22 and 4.5% for FY 2022-23.
India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs Smt Nirmala…
FM Nirmala Sitharaman presented Union Budget 2022 in Parliament. While keeping the Income Tax Slabs unchanged, FM announced a major change in taxation as far as virtual digital assets are concerned. Union Finance Minister Nirmala Sitharaman proposed a 30 per cent tax on income from transactions in such assets. Furthermore, FM Also proposed Gati Shakti Programme which will boost infrastructure and create more jobs. On education sector, FM has announced launch of a new Digital University as well as expansion of PM eVIDYA with addition of new TV channels for supplementary education.
The Economic Survey 2021-22 was tabled in Parliament on Monday by Finance Minister Nirmala Sitharaman soon after the President’s address to both Houses of Parliament. The survey, presented a day before the Union Budget, underlines the state of the economy and outlines suggestions for policy actions.
Statement on Developmental and Regulatory Policies Statement sets out various developmental and regulatory policy measures relating to (i) regulation and supervision; (ii) financial markets; and (ii) payment and settlement systems.