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MODIFIED INTEREST SUBVENTION SCHEME
Govt in talks with banks to cut Kisan Credit Card interest subvention by 50 basis pointsThe government is discussing a 50 basis point reduction in interest subvention for Kisan Credit Card loans. This move aims to align subsidi...- Monarch Mutual Fund set to enter MF space with maiden overnight fund; files draft with SebiMonarch Mutual Fund has filed draft papers with Sebi for its maiden scheme, an overnight fund investing primarily in one-day securities. Th...
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...
- Sebi broadens scope of online bond platforms, permits IFSCA-regulated products and tax-saving bondsSEBI has expanded the scope for Online Bond Platform Providers (OBPPs), allowing them to offer IFSCA-regulated products and specific tax-sa...
- 8th Pay Commission update: Inclusion of revision of pension and family pension in 8th CPC terms of reference demanded by central govt employee & pensioner bodies8th Pay Commission latest news: Pensioner and employee bodies are advocating for the revision of pensions for those who retired before 2026...
- Can NRIs invest in National Savings Certificate (NSC) and avail tax benefits?The National Saving Certificate (NSC) is one of the popular small savings schemes among Indians investors with a low-risk appetite as the s...
- Up to 7.25% senior citizen FD interest rate: What is the maturity amount on Rs 5 lakh in 5-year SBI, PNB, HDFC Bank & other FDs?For senior citizens seeking consistent returns, fixed deposits present an appealing option. Notably, Axis Bank currently leads the market w...
- Debt grows slower than GDP, CAG says; revenue lapses persistGovernment debt servicing remains positive, with loan accumulation below GDP expansion. However, irregularities worth ₹603 crore were found...
- India's electronics exports surge 11-fold to Rs 4.24 lakh crore, women's workforce nears 30%India's electronics export industry has experienced a remarkable increase, soaring over elevenfold to reach Rs 4.24 lakh crore by FY2025-26...
- RBI proposes new interest rate rules for regulated entities, seeks public commentsThe Reserve Bank of India is harmonizing interest rate determination methods for regulated entities. New guidelines will define internal be...
- Two new YEIDA plot schemes launching near Noida airport: Price, eligibility and application date hereTwo new YEIDA plot schemes near Noida International Airport are set to launch in October, with options for both low-income group buyers and...
- Ethanol-blended diesel fails safety tests as flash point drops sharplyEthanol-blended diesel failed safety specifications, which sharply lowered its flash point. This technical issue effectively rules out wide...
- Parliament clears taxation bill, Sitharaman says UPI transactions to remain freeParliament has passed the Taxation and other Laws (Amendment) Bill. Finance Minister Nirmala Sitharaman confirmed UPI will remain free for ...
- No proposal under consideration for restoration of Old Pension Scheme: MoS for Finance Pankaj ChaudharyThe government has no plans to restore the Old Pension Scheme due to its fiscal unsustainability. Several state governments have requested ...
- CAG flags Rs 42 crore power subsidy to dormant consumers in Delhi, questions targeting of schemeCAG flagged Delhi government's power subsidy scheme irregularities and questioned beneficiary targeting. Over Rs 42 crore was disbursed to ...
- EXIM Bank to be implementing agency for interest subvention support for exporters: DGFTThe commerce ministry announced EXIM Bank will implement export credit interest subvention. This transition from the Reserve Bank of India ...
- Govt approves Rs 4,687 crore interest subsidy for ethanol projectsThe government has approved ₹4,687 crore in interest subsidies for eligible ethanol projects. This support covers interest subvention for n...
- Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
- Smartphone retailers urge brands to end zero-cost EMI schemes to make handsets more affordableThis is because zero-interest payment plans cost smartphone brands 17-19% of the product price which they bake directly into retail price o...
- Course correction: Govt readies plan to double education loan disbursalsThe government plans a nationwide push to expand education lending significantly. Faster approvals and campus outreach will improve student...
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