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Daily Archives: April 1, 2021

April 1, 2021 -_5.1

AYUSH Ministry in collab with Vinoba Seva Pratishthan organizes ‘Ayurveda Parav’

In a bid to promote Ayurveda as the mainstream treatment for the prevalent lifestyle-related diseases, Vinoba SevaPratisthan (VSP), in collaboration with the Ministry of AYUSH, has successfully organized a 3-day “Ayurveda Paravin Bhubaneswar. This unique initiative aims to not only ensure greater acceptance of Ayurveda among the masses but also to popularize Ayurveda as the …

April 1, 2021 -_8.1

SBI inks USD 1 billion loan agreement with Japan Bank

India’s largest lender, State Bank of India, has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to the supply chain of the Japanese automobile industry in India. The loan is in the form of refinancing against the funding support provided to the manufacturers, suppliers and dealers of Japanese automobiles in …

April 1, 2021 -_9.1

RBI extends deadline for processing auto-debit payments by 6 months

The Reserve Bank of India (RBI) has extended the timeline for processing recurring online transactions by 6 months to September 30, 2021. Earlier in December 2020, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified …

April 1, 2021 -_10.1

Govt pegs market borrowing at Rs 7.24 lakh crore in 1st half of FY22

The government has decided to borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal (FY22) to meet resources to revive the economy hit by coronavirus pandemic. This borrowing is 60.06 per cent of the estimated gross issuances for fiscal 2021-22. Buy Prime Test Series for all Banking, SSC, Insurance & other exams …

April 1, 2021 -_11.1

Govt further extends Emergency Credit Line Guarantee Scheme to June 30, 2021

The Central Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS 3.0) by another three months till June 30, 2021, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme. Additionally, the government has also introduced certain modifications in the ECLGS scheme to further contribute towards economic …

April 1, 2021 -_12.1

Government announces Rs 14,500 crore capital infusion in 4 PSBs

The Central Government has announced to infuse Rs 14,500 crore in four state-owned lenders namely Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank in 2020-21, by issuing non-interest bearing bonds to these banks. This infusion will complete the government’s total capital infusion of Rs 20,000 crore in public sector banks …