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Sale of Electoral Bonds at Authorized Branches of State Bank of India with effect from 01.01.2019 to 10.01.2019. 

The State Bank of India (SBI), in the VII Phase of sale of Electoral Bonds, has been authorized to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) w.e.f. 01.01.2019 to 10.01.2019. It may be noted that Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to ...

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Over 5,02,000 beneficiaries assisted under PMEGP 

5,02,085 beneficiaries and projects have been assisted under the Prime Minister Employment Generation Programme (PMEGP) in 2018-19 (as on 30.11.2018) since its inception in 2008-09. This was stated by Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri Giriraj Singh while replying to a question in the Rajya Sabha today.           In reply to another question, the ...

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Government announces the Revision of interest rates for Small Savings Schemes for the Third Quarter of the current Financial Year 2018-19 

On the basis of the decision of the Government of India, the interest rates for Small Savings Schemes are to be notified on Quarterly Basis with the approval of the Union Finance Minister. Accordingly, the Rates of Interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting 1st October, 2018, and ending on 31st December, ...

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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.77/2018-CUSTOMS (N.T.), dated  6th September, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs hereby determines that ...

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Measures to Recover Loan Amount from NPAs 

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 restructured loans, were reclassified as NPAs and provided for. Public Sector Banks (PSBs) initiated cleaning-up by recognising NPAs and provided for expected losses. As a result ...

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Creating Income Generating Activities and Employment under Mudra Yojana 

Pradhan Mantri Mudra Yojana (PMMY) provides access to institutional finance to unfunded micro / small business units by extending loans upto Rs.10 lakh for manufacturing, processing, trading, services and activities allied to agriculture, which help in creating income generating activities and employment.  Overdraft facility upto Rs.5,000/- under Pradhan Mantri Jan Dhan Yojana (PMJDY) is also covered under PMMY. Number of loans sanctioned ...

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Profit, losses, GNPAs of Public Sector Banks 

Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for. PSBs initiated cleaning-up by recognising NPAs and provided for expected losses. The gross NPA ratio for Public Sector Banks ...

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Rate of Exchange of Foreign Currency in Indian Rupee notified. 

  In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.49/2018-CUSTOMS (N.T.), dated  7th June, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs ...

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E-Insurance Accounts: 15,21,907 accounts opened as on 15th March 2018 

As per Insurance Regulatory and Development Authority of India (IRDAI), the number of customers who have opened e-insurance accounts as on 15th March 2018 are 15,21,907. However, e-insurance accounts are only for storing insurance policies in electronic form. These accounts are not designed to hold any funds which can be used to purchase new insurance policies. IRDAI has issued the “Revised ...

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Goods & Services Tax (GST) collections 

The month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as under:   (Amount in Rs. Crores) Month Collection August, 2017 93,590 September, 2017 93,029 October, 2017 95,132 November, 2017 85,931 December, 2017 83,716 January, 2018 88,929 ...

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