Text of speech by Indian PM on repealing three Agri Laws-19/11/2021

Our government brought in the new laws with a good intention, full sincerity and complete dedication for the welfare of farmers, especially for small farmers, in the interest of the agriculture and the country and for the bright future of the poor in villages. But we have not been able to explain to some farmers such a sacred thing which is absolutely pure and for the benefit of the farmers despite our efforts.  

RBI Retail Direct Scheme to bring G-secs within easy reach of common man

A significant milestone in the development of the Government securities (G-sec) market, the Reserve Bank of India-Retail Direct (RBI-RD) Scheme will bring G-secs within easy reach of the common man by simplifying the process of investment. Under the Scheme, retail individual investors will be able to open a Retail Direct Gilt (RDG) Account with the Reserve Bank of India, using an online portal

Joint Statement by India FM and Chancellor of Exchequer at 11th UK-India Economic and Financial Dialogue-2/09/2021

We, the Finance Ministers of India and the UK, met today by videoconference for the 11th Economic and Financial Dialogue (EFD). Despite the continued challenge of Covid-19, this year has witnessed further strengthening of UK-India relations, underpinned by the ambitious India-UK Roadmap to 2030 agreed by our Prime Ministers in May 2021.

India scores 46th rank in the Global Innovation Index 2021

India has climbed 2 spots and has been ranked 46th by the World Intellectual Property Organization in the Global Innovation Index 2021 rankings.India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to46in 2021. Innovation has been at the forefront of our battle against the unprecedented crisis created by the pandemic, and will be pivotal in driving the country’s resilience and self-reliance, as enshrined in the Prime Ministers’ clarion call on Atma Nirbhar Bharat.

PM’s speech at the launch of e-RUPI digital payment solution

Not only the government, if any general institution or organization wants to help somebody for treatment, education or for any other work, it would be able to make the payment through e-RUPI instead of cash. This will ensure that the money given by it will be used for the purpose for which that amount was given. In the initial phase, this scheme is being implemented in the health sector of the country.

BANK OF BENGAL ACT 1839

The existing Charter of the Bank of Bengal having been found in many respects inconvenient and imperfect, the Members of the said Corporation have by their Directors applied to the Governor General of India in Council for the amendment thereof, by a new Charter or Act of Incorporation, tendering the surrender thereupon of the said Charter

BANK OF BENGAL ACT 1836

It is hereby enacted, that from the day of the passing of this Act, any person may hold Capital Stock of the Bank of Bengal to an amount not exceeding 1,60,000 Company’s Rupees, and that any existing Proprietor of Stock of the said Bank, may subscribe for additional Stock of the said Bank in proportion to his interest, any restriction in the Charter of the said Bank contained notwithstanding.

Gold and Silver Coinage Act 1835

And be it enacted, that these Coins shall bear on the obverse the head and the name of the reigning Sovereign of the United Kingdom of Great Britain and Ireland, and on the reverse the designation of the Coin in English and Persian, and the words “East India Company” in English, with such Embellishment as shall, from time to time, be ordered by the Governor General in Council.

RBI keeps Repo rate at 4%-GDP projected at 9.5% in 2021/22-Rs 15,000 cr liquidity support to hospitality sectors

The Reverse Repo Rate too will remain unchanged at 3.35%. He informed that Monetary Policy Committee was of the view that policy support from all sides is required to gain growth momentum and to nurture recovery after it takes root. “Hence policy rate has been left unchanged and accommodative stance has been decided to be continued as long as necessary to revive and sustain growth, while ensuring inflation remains within target” the Governor said while delivering RBI’s bi-monthly monetary policy statement through an online address.

Reserve Bank of India Monetary Policy Report – 07/04/2021

The Indian equity market remained upbeat in October 2020 following the phased unlocking of the economy, Q2 corporate earnings and a slew of liquidity and regulatory measures by the RBI. Domestic equities, however, witnessed cautious trading towards the end of the month due to uncertainty surrounding the outcome of the US presidential elections. In November, the BSE Sensex gained by 11.4 per cent, supported by FPI inflows, positive developments on the vaccine and the Government’s approval of a ₹1.5 lakh crore production-linked incentive (PLI) scheme for 10 manufacturing sectors.