Sakshi

To, All Eligible Market Participants Madam / Sir, Rupee Interest Rate Derivatives (Reserve Bank) Directions – Review Please refer to Paragraph 5 of the Statement on Developmental and Regulatory Policies, issued as a part of the sixth Bi-monthly Monetary Policy Statement for 2021-22 dated February 10, 2022 regarding permitting banks in India to deal in foreign currency settled …

Rupee Interest Rate Derivatives (Reserve Bank) Directions – Review Read More »

The Ministry of Labour and Employment is implementing the National Career Service (NCS) Project as a Mission Mode Project for transformation of the National Employment Service to provide a variety of employment related services like job matching, career counselling, vocational guidance, information on skill development courses, apprenticeship, internships etc. The services under NCS are available …

Meeting with Top Job Portals of the Country for strengthening the “Employment and Skilling Ecosystem” Read More »

Ministry of Micro Small and Medium Enterprises through its MSME-Development Institutes (DIs) situated in all States, facilitates Micro Small and Medium Enterprises (MSMEs) to export from Domestic Tariff Area (DTA) and Special Economic Zones. For this purpose, 52 Export Facilitation Centres (EFCs) have been established to provide hand-holding support to MSMEs as well as creating …

SUPPORT TO SMALL BUSINESSES Read More »

The Government has taken a number of recent initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses in the country and to improve their financial and market access. Some of them are: Rs. 20,000 crore Subordinate Debt for stressed MSMEs. Rs.3 lakh crores Emergency Credit Line Guarantee …

IMPACT OF COVID-19 ON SMALL BUSINESSES Read More »

As announced in the Statement on Developmental and Regulatory Policies on February 10, 2022, the On-Tap liquidity window for contact-intensive sectors, which was made available up to March 31, 2022, is now extended up to June 30, 2022. 2. Consequently, the special 14-day reverse repo window available under the scheme will now be extended up to …

Extension of On-Tap Liquidity Window for Contact-Intensive Sectors Read More »

To,All Eligible Market ParticipantsMadam/Sir,Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policiesannounced as a part of the Bi-monthly Monetary Policy Statement for 2021-22 datedFebruary 10, 2022, regarding review of the Credit Default Swaps (CDS) Guidelines. The draft Reserve Bank of India …

Reserve Bank of India (Credit Derivatives) Directions, 2022 Read More »

To, All Authorised Persons Madam / Sir Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors – Operational Instructions Attention of Authorised Persons is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 [Notification No. FEMA. 396/2019-RB dated October 17, 2019], as amended from time to time. A reference is also invited to A.P. …

Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors – Operational Instructions Read More »

The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of ₹1,50,000 crore was offered for investment through VRR, in three tranches so far; of which around ₹1,49,995 crore have been availed as on February 10, 2022. Based on the feedback received, …

RBI reopens allotment of investment limit under the Voluntary Retention Route for Investments by Foreign Portfolio Investors Read More »

As announced in Governor’s statement dated February 10, 2022, the revised window timings of Fixed Rate Reverse Repo and Marginal Standing Facility (MSF) operations effective from March 1, 2022 would be as under: 2. All other terms and conditions as applicable to LAF Reverse Repo and MSF operations will remain the same. 3. Since August 06, 2020, …

LAF Fixed Rate Reverse Repo and MSF window – Change in timing Read More »

This Statement sets out various developmental and regulatory policy measures relating to (i) liquidity measures; (ii) financial markets; and (iii) payment and settlement systems. 1.Liquidity Measures 1.Extension of Term Liquidity Facility of ₹50,000 crore to Emergency HealthServices On May 5, 2021, an on-tap liquidity window of ₹50,000 crore at the repo ratewith tenors of up …

Statement on Development and Regulatory Policies Read More »

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 10, 2022) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. The reverse repo rate under the LAF remains unchanged at 3.35 per …

Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) February 8-10, 2022 Read More »

Cash Transaction Notice: Today’s era is of digital transaction, because it is very easy and fast. The government has also made digital transactions mandatory for most payments so that financial transactions can be tracked. Despite this, there is no shortage of those who pay in cash, but these people may not know that the eyes …

Income Tax Cash Transactions Notice: If you have also done this mistake! Read More »

The Metro Railway authority has informed through a Press Release that the commuters may now book their QR Code based on East-West Metro Corridor 12 hours in advance by downloading ‘Metro Ride Kolkata’ app. The system started on Tuesday (February 8, 2022). It is to be mentioned that this ticketing option on this corridor was …

QR Code Based Tickets of East-West Metro can be Booked 12 Hrs in Advance Read More »

The growth rate of Core Sector in the country increased by 3.4% (provisional) in November 2021 compared to November, 2020. Overall growth rate of core sector for April-Dec 2021 is 12.6%. The Core Sector comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP), thus, it has an impact on …

Growth rate of Core Sector in the country increased by 3.4% Read More »

Foreign Direct Investment inflows (FDI) has shown a continuous increase from US$ 45.15 billion in 2014-15 to US$ 81.97 billion in 2020-21. During the last five financial years, Foreign Direct Investment (FDI) inflows worth US$ 339.55 billion have been reported into India. The financial year wise details are as under: To promote Foreign Direct Investment …

Foreign Direct Investment inflows (FDI) has shown a continuous increase Read More »

Many Ministries/ Departments of Government of India and State governments have implemented Schemes for funding and supporting startups in different sectors and areas. Details of funding or progress of startups is not centrally maintained. To provide seed funding to startups through approved incubators across all sectors and areas, the Startup India Seed Fund Scheme was …

Schemes for funding and supporting startups in different sectors and areas Read More »

The Government has set up engineering clusters in the country under the Industrial Infrastructure Upgradation Scheme (IIUS). District-wise details of Engineering Clusters projects set up in the country and funds sanctioned/allocated/released/utilized along with their progress under the scheme is given below: This information was given by the Minister of State in the Ministry of Commerce …

ENGINEERING CLUSTERS Read More »

Central Government follows the principle of “Minimum Government – Maximum Governance”, under which efforts are being made to reduce public interface with government authorities and provide information, as far as possible through online modes. The details about the schemes of Ministry of MSME are made available through the web portals of Ministry and its attached …

Central Government follows the principle of “Minimum Government – Maximum Governance” Read More »

Income Tax Return for AY 2022-2023: In the Budget 2022, 30 percent tax has been announced on the income from Cryptocurrency and other Virtual Digital Assets (VDA) including NFT. In such a situation, the biggest question in the mind of many crypto investors and traders is how to avoid flat 30% tax on income from …

Income Tax Return for AY 2022-2023: How to avoid flat 30% tax on income from cryptocurrency? Know full details Read More »

It is a historic transformation of the sleepy tiger-infested Bali island in the dense mangrove thickets of Sunderbans. The island, which was totally disconnected from the mainstream of development since Independence, is now bustling with Khadi activities. Over a hundred tiger widows (Bag Bidhoba in local parlance) in the Bali island who were engaged with …

Khadi’s Employment Drive Transforms Tiger-infested Bali Island in Sunderbans Read More »