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Finance news

SAFAL (Ship Acquisition, Financing and Leasing) to IFSCA

The Committee, constituted by IFSCA on 24 June 2021 under the chairpersonship of Ms. Vandana Aggarwal with representatives from Government of India, Gujarat Maritime Board, industry and finance experts, and academicians, has submitted its Report titled S.A.F.A.L. (Ship Acquisition, Financing and Leasing) to IFSCA on 28 October 2021....

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Date of Issue of Sovereign Gold Bond for Series VII to X

Issuance of calendar for Sovereign Gold Bond Scheme 2021-22 The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in four tranches from October 2021 to March 2022 as per the calendar specified below: S.No. Tranche Date of Subscription [&h...

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Cabinet approves 3% over existing rate increase in DA of Govt employees

Cabinet approves release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensions, due from 01.07.2021. An increase of 3% over the existing rate of 28% of the Basic Pay / Pension. This will benefit about 47.14 lakh Central Government employees and 68.62 lakh pensioners. Impact on th...

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Tata Groups Gets back Air India after 68 Years – Wins Bid

Government Approves Air India Disinvestment Tatasons’ SPV – Talace Pvt Ltd – Wins Bid for Air India The Cabinet Committee on Economic Affairs  (CCEA) – empowered Air India Specific Alternative Mechanism (AISAM) comprising of Union Minister for Home Affairs and Cooperation Shri Amit Shah; Union Minister for Finance & C...

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Cabinet approves listing of ECGC Ltd. through IPO

Cabinet given approval for listing of M/s. Export Credit Guarantee CorporationLtd. (ECGC), an unlisted CPSE through the Initial Public Offer (IPO) on the Stock Exchange under the SEBI's (Issue of Capital and Disclosure Requirements) Regulations, 2018....

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Government approves Rs. 4,400 crore investment in ECGC Ltd.

Government has today approved capital infusion of ₹4,400 crore to ECGC Ltd. (formerly known as Export Credit Guarantee Corporation of India Ltd.) over a period of five years, i.e. from FY 2021-2022 to FY 2025- 2026....

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Sale of Electoral Bonds at Authorized Branches of SBI

State Bank of India (SBI), in the XVIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches ( as per list enclosed)  w.e.f. 01.10.2021 to 10.10.2021....

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IFSCA: Constitution of an Expert Committee on Sustainable Finance

International Financial Services Centres Authority (IFSCA) has been established as a unified regulator to develop and regulate financial products, financial services, and financial institutions in the International Financial Services Centres (IFSCs) in India....

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India needs 4 -5 more banks like SBI: FM

India needs 4 -5 more banks like SBI to meet changing requirements of the Indian Economy: Nirmala Sitharaman FM says Long Term Future of Indian Banking would be driven by digital processes; Asks IBA to carry out nation-wide digitized mapping of bank branches Sitharaman commends banks for smooth amalgamation Posted On: 26 SEP 2021 : [&hell...

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National Single Window System for Investors & Businesses Launched

National Single Window System for Investors and Businesses Launched by Shri Piyush Goyal. National Single Window System, a giant leap, towards making India Aatmanirbhar - Shri Piyush Goyal. NSWS will usher in Azadi from legacy of running to Govt. offices for approvals and registrations- Shri Piyush Goyal...

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