No decision to introduce plastic notes: MoS finance to Rajya Sabha Minister of State for Finance Pankaj Chaudhary on Tuesday said the government has taken no decision to introduce plastic notes. Efforts to enhance the durability and counterfeit resistance of the Indian banknotes is an ongoing process, he said in a written reply to the Rajya Sabha. As per the ...

RBI conducts two VRRR auctions in a single day for the first time The central bank will conduct another overnight VRRR auction of Rs 50,000 crore on Wednesday

Govt expects $1.8 billion in dividends from state-run banks in FY25 The government expects to receive at least Rs 15,000 crore ($1.8 billion) in dividends from state banks in 2024/25, up 8.7% or more from an expected Rs 13,800 crore in the current fiscal year

India to remain on alert for 'hot money' after bond index inclusion The aim will be to “prevent volatility or volatile inflows” but “never” to restrict outflows, Somanathan said, adding that “all possibilities are open to keep volatility in check.

RBI likely to hold rates for a sixth straight meet; statement in focus Market participants are also hoping for some relief from the RBI on the liquidity front with the system deficit having hit a record high in January

Paytm CEO, officials meet RBI to discuss regulatory concerns: Reports The Reserve Bank of India last week ordered Paytm affiliate Paytm Payments Bank to wind down most of its business, including deposits, credit products and its popular digital wallets

Four state-owned banks may be approved to raise funds in H1 of FY25 Punjab National Bank eyes FPO, Central Bank of India seeks approval for OFS; move aimed at accelerating lending business and improving public participation

Reserve Bank's decision to freeze Paytm shows faulty understanding Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29

Rupee depreciates 4 paise to 83.02 against US dollar in early trade The rupee depreciated 4 paise to 83.02 against the US dollar in early trade on Monday, tracking a strong American currency and rising crude oil prices in the international market. However, positive cues from the domestic equity markets and inflow of foreign funds supported the Indian currency, forex ...

Govt to review tax on online gaming after March: Revenue Secy Malhotra Online gaming companies including Delta Corp. and Tiger Global-backed Dream11 have seen an increase in demands and notices from tax authorities amid a crackdown on alleged tax evasion