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Share of industrial loans in bank credit on decline, personal loans up: RBI The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, the Reserve Bank said on Wednesday. Both industrial and personal loans had nearly 27 per cent credit share each ...

5 money changes that will come into effect from October 1 [ad_1] RBI card tokenisation As per the RBI mandate, from October 1, 2022, full card number, CVV and expiry date and any other sensitive information related to cards cannot be stored by merchants for processing online transactions. According to the RBI, “Tokenisation refers to replacement of actual card details ...

Rupee trade: Two Russian banks get RBI nod for special vostro account The Reserve Bank of India (RBI) has given its approval to two Russian banks for opening special Vostro account for rupee trade. Sberbank, JSC VTB — the largest and second largest bank of Russia — are the first foreign lenders to receive this approval after the central ...

Dearness allowance: 7th pay commission: Dearness allowance (DA) likely to be hiked soon for central govt employees [ad_1] Sources have said that the government is likely to hike the dearness allowance (DA) component for central government employees soon. The hike in DA will benefit central government employees, central government pensioners and family pensioners getting pension from the central government. The ...

Rupee posts another new low against US dollar, but fares better than peers The Indian rupee hit a new low against the dollar on Wednesday, though the fall was less than at its Asian peers’, as the relentless surge in Treasury yields and the dollar index showed no signs of letting up. The rupee closed at 81.94 ...

DA Hike: DA hiked by 4% to 38%: How much central Government employee’s salary will increase? [ad_1] The government has hiked the dearness allowance (DA) component for central government employees by 4% to 38% (from 34% earlier) effective from July 1, 2022. This is the second hike in DA by the government this year, which was due. The first hike ...

India FX reserves set to shrink further, stir memories of 2008 crisis: Poll India’s depleted foreign exchange reserves are likely to drop further, falling to their lowest level in over two years by end-2022, as the Reserve Bank of India continues to defend the rupee from the mighty dollar’s rise, a Reuters poll found. In a battle ...

free ration scheme: Modi Cabinet extends free ration scheme for 3 months; DA hiked for central govt employees by 4% – The Economic Times Video [ad_1] free ration scheme: Modi Cabinet extends free ration scheme for 3 months; DA hiked for central govt employees by 4% – The Economic Times Video | ET Now Business News›Wealth›Earn›Modi Cabinet extends free ration ...

DA Hiked: 7th pay commission: Dearness allowance (DA) hiked by 4% for central govt employees, pensioners [ad_1] The government has hiked the dearness allowance (DA) component for central government employees by 4% effective from July 1, 2022. The DA has been hiked to 38%. Apart from DA hike, the government has also hiked the dearness relief (DR) for pensioners with ...

Rupee depreciates 40 paise to all-time low of 81.93 against US dollar The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and ...