open view web desk The month-wise gross collection of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess for FY 2017-18 and FY 2018-19 are as under: Month GST collection (in Rs. Crore) […]
open view web desk As per the estimates available from Central Statistics Office, the growth of Gross Domestic Product (GDP) at constant market prices was 6.7 percent (Provisional Estimate) in 2017-18. The growth momentum of the economy picked up with the GDP growth increasing to 7.6 per cent […]
open view web desk The details of total Direct Tax and Indirect Tax collected over the last three years along with the different component-wise are as under: Direct Tax (Rs. in crore) Financial Year Corporation Tax Taxes on Income Total 2015-16 453228 288717 741945 2016-17 […]
open view web desk As informed by Reserve Bank of India (RBI), no comparable data is available with them regarding India beings among the countries having lowest Automated Teller Machine (ATM) penetration globally. As reported by the Scheduled Commercial Banks (SCBs), Small Finance Banks (SFB), Payment Banks (PBs) […]
open view web desk The Banking Companies(Acquisition and Transfer of Undertakings)Acts of 1970 and 1980 provide that the Central Government, in consultation with the Reserve Bank of India (RBI), may make a scheme, inter alia, for the amalgamation of any nationalised bank with any other nationalised bank or any […]
open view web desk As per data uploaded by banks, the number of persons enrolled under Pradhan Mantri Suraksha Bima Yojana (PMSBY) as on 31.10.2018 is 14.27 Crores. The number of beneficiaries, who got the risk coverage in different categories as on 15 August, 2018 is as under:- […]
open view web desk The details of the socially oriented insurance schemes which are currently being operated or partially sponsored by the Central Government targeted at vulnerable sections of the society are as follows: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) were launched on […]
open view web desk (Government of India) announced recapitalisation of Public Sector Banks (PSBs) to the tune of Rs. 2.11 lakh crore in October 2017, through infusion of capital by the Government and raising of capital by banks from the markets. Rs. 88,139 crore was infused by the […]
open view web desk Asset Quality Review (AQR) carried out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of non-performing assets (NPAs). Expected losses on stressed loans, not provided for earlier under flexibility given to restructure loans, were reclassified as NPAs and provided for. Nationalised […]
open view web desk The autonomy for the Central Bank, within the framework of the Reserve Bank of India (RBI) Act, is an essential and accepted governance requirement. A press release was issued by the Government on 31.10.2018 as below: “The autonomy for the Central Bank, within the […]
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