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RBI ON MUNICIPALITIES
CBI arrests senior IAS officer Pankaj Aggarwal in ongoing alleged IDFC First Bank fund misappropriation caseThe Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Principal Secretary in Department of...- Annapurna Yojana launched: Who will get Rs 3,000 monthly financial assistance from June 1, 2026West Bengal's Annapurna Yojana, effective June 1, 2026, will provide Rs 3,000 monthly financial aid to eligible women aged 25-60. This sche...
- Credit card transactions jump 2.6 times in four years: RBI reportCredit card transactions in India saw a significant jump between 2021 and 2025. Private banks expanded their dominance in this segment. Deb...
- India’s cities need Rs 80 lakh crore investment to support urban growth: ReportIndia requires Rs 80 lakh crore for urban infrastructure by 2037. Cities will contribute significantly to the nation's GDP. A new Rs 1 lakh...
- Bank holiday in Tamil Nadu for elections today: Are banks open or closed today on April 23, 2026, due to TN Legislative Assembly Elections?Bank holiday today: Legislative Assembly elections are scheduled for today, April 23, 2026, in Tamil Nadu, leading to a public holiday for ...
- RBI allows participants to use municipal bonds as collateral in overnight repo transactionsThe Reserve Bank of India has permitted money market participants to pledge municipal bonds in repo transactions, aiming to deepen the bond...
- Municipal corporations need to enhance own sources of revenue: RBI reportThe Reserve Bank of India (RBI) suggests that municipal corporations in India need to enhance their revenue sources. The RBI recommends ref...
- Sebi working to develop municipal bond marketThe market regulator will hold a meeting with investment bankers, rating companies, legal professionals, exchange officials and borrowers o...
- Civic bodies likely to hit Bond Street to raise up to Rs 1,000 croreThe government provides financial incentives in the form of a lump-sum grant-in-aid for municipal bond issuances at the rate of Rs 13 crore...
- Ahmedabad, Chennai among 5 civic bodies seeking to raise Rs 1,000 crore via bondsPimpri Chinchwad, Surat and Prayagraj are the other municipalities seeking to sell bonds. Pimpri Chinchwad Municipal Corporation, which is ...
- Time to put on city fiscal lightsMunicipalities need a proper fiscal base and the political will to make use of the base. RBI believes that municipal bonds (munis) could be...
- Civic bodies need vibrant muni bond mkt to raise funds: RBITo be sure, the size of municipal budgets in India are much smaller than peers in other countries, while revenues are dominated by property...
- RBI calls for more financial autonomy for the municipalitiesA strong fiscal position of local bodies could help them tackle future crisis successfully and also manage higher vaccinations, RBI said in...
- Maharashtra tells depts, civic bodies not to park money in private banksThe move comes in the backdrop of the Yes Bank crisis which also impacts the rural economy of the state.
- RBI allows payment of all recurring bills through BBPSCurrently, the facility of payment of recurring bills through BBPS is available only in five segments -- direct to home (DTH), electricity,...
- Sebi allows FPI investment in municipal bondsThe limits for FPI investment in SDLs is 2 per cent of outstanding stock of securities.
- Prepaid Payments Instruments: RBI allows banks to include unlisted companies, public entities"Banks shall load/reload PPIs after obtaining necessary authorisation and details of the employees/staff/contract workers, etc. from the em...
- Assocham calls for creating municipal bond market in IndiaChamber president Rana Kapoor has said India will need to invest $835 billion to meet its urban infrastructure requirement between 2013 and...
- RBI imposes Rs 5 lakh penalty on Karad Urban Co-op BankThe Reserve Bank has imposed a penalty of Rs 5 lakh on Maharashtra-based Karad Urban Co-operative Bank for violating guidelines.
- 'Let civic bodies tap market for funds’Municipal bodies in the country are woefully short of funds, and they should be allowed to borrow from the market to finance local infrastr...
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