Financial Updates

Date

Particulars

March 14

  • Government nets Rs. 53,346 crore from Vivad Se Vishwas scheme till February 22.

March 9

  • Finance Ministry releases final instalment of Rs 6,194 crore revenue devolution grant to states

March 8, 2021

  • OECD in its Interim Economic Outlook Report forecasts 12.6% growth for India in 2021. Read Details Here!

March 4, 2021

  • Employees’ Provident Fund Organization decides to retain 8.5% rate of interest on EPF deposits for 2020-2021. Read Press Release Here!

March 1, 2021

  • Cess, surcharge share doubles to 19.9% of central taxes in Financial Year 2021

February 26, 2021

  • India's fiscal deficit touches Rs 12.3 lakh crore in January, 66.8% of Financial Year 2021

  • UPI registers 2.29 billion transactions in February

February 20, 2021

  • Supreme Court gives RBI six months to lay down regulations for locker facility

February 17, 2021

  • Central Government to infuse ₹1,500 crore into Exim Bank next fiscal

February 8, 2021

  • Top 100 wilful defaulters owe lenders Rs 84,632

  • As per RBI Report, service complaints by bank customers rise 57 pc to over 3 lakh.

February 6, 2021

  • Nabard disburses ₹16,500 crore under RIDF in first 10 months of FY21

February 4, 2021

  • UPI records 2.3 billion transactions worth ₹4.2 trillion in January 2021, says NITI Aayog CEO

February 1, 2021

  • Finance Minister Smt Nirmala Sitharaman presented the first ever digital Union Budget of 2021-2022.

  • FM allocates ₹20,000 crore for bank recapitalisation, proposes AMC-ARC for NPAs

  • Depositors of stressed banks can access up to ₹5 lakh of deposits

  • Govt lowers loan limit for debt recovery for NBFCs with ₹100cr asset size

January 29, 2021

  • Digital transactions of over ₹4 lakh crore done through UPI in December, 2020, says President of India.

January 25, 2021

  • RBI refutes reports of withdrawal of old ₹100, ₹10, ₹5 notes.

  • RBI exploring need for crypto currency as digital payments rise

January 22, 2021

  • RBI releases discussion paper on revised regulatory framework for NBFCs. Read Paper Here!

January 21, 2021

  • RBI withdraws 3 circulars on excess pension recovery after discovering anomalies

January 19, 2021

  • Jan Dhan accounts cross 41 crore: Finance Ministry

January 17, 2021

  • EPFO settles 56.79 lakh COVID-19 advance claims, releases over ₹14,000 crore till December

January 12, 2021 

  • 5% more income tax returns filed this year

January 11, 2021

  • Taxed by the pandemic, Centre may go for a coronavirus cess in Budget 2021.

  • RBI releases the Financial Stability Report, January 2021. Read Press Release Here!

January 5, 2021

  • Over 5.08 crore ITRs for 2019-20 filed till January 5.

January 4, 2021

  • Over five crore Income Tax Returns for the 2019-20 fiscal year filed till January 4.

January 2, 2021

  • 6.03 crore GST e-invoices generated in December, 2020.

  • ₹1 lakh crore disputed tax to be settled under Vivad Se Vishwas scheme, says Finance ministry official.

January 1, 2021

  • Over 4.84 crore ITRs for 2019-20 filed till December 31

  • Positive Pay System for Cheques effective from January 1, 2021. Read Notification Here!

  • National Payments Corporation of India (NPCI) said that the news about UPI transactions being charged from January 1, 2021 is incorrect. Read Press Release Here!