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PM Modi’s ‘Atmanirbhar Bharat’ an important initiative, says IMF

Posted on : Sep 25, 2020

India would need to gradually increase its total spending in the healthcare sector from the current 3.7 per cent of the GDP, said IMF

Positive pay system for cheque payments to come into effect from January 1, 2021: RBI

Posted on : Sep 25, 2020

Under the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount to the drawee bank.

Centre used GST compensation cess elsewhere, broke law, says CAG

Posted on : Sep 25, 2020

CAG said out of the Rs 62,612 crore GST Compensation Cess collected in 2017-18, Rs 56,146 crore was transferred to the non-lapsable fund.

ADB approves USD 570 million loans for urban projects in Rajasthan, Madhya Pradesh

Posted on : Sep 25, 2020

It further said that through the project, water supply systems in at least eight project towns are expected to improve by 2027, with about 1,00,000 households, including all urban poor households, benefiting from five new or rehabilitated water treatment plants and 1,350 kilometres of distribution networks.

Re-validation of details may be needed for cheques above Rs 50K from Jan 1

Posted on : Sep 25, 2020

Availing of this facility would be at the discretion of the account holder