New Delhi: The Vice-President of India, Shri C. P. Radhakrishnan, on Friday released the coffee table book “Atal Bihari Vajpayee: The Eternal Statesman” at Dr. Ambedkar International Centre in the national capital, paying rich tributes to one of India’s most respected leaders. A Tribute to a Statesman Describing the occasion…
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IFSCA-IICA MoU to Boost Governance at GIFT IFSC
Gandhinagar: In a major push to institutionalize a standardized corporate governance ecosystem at GIFT International Financial Services Centre (GIFT IFSC), the International Financial Services Centres Authority (IFSCA) and the Indian Institute of Corporate Affairs (IICA) have signed a strategic Memorandum of Understanding (MoU). The agreement was formally signed on February…
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MoHUA Strengthens Urban Financing via Municipal Bonds
The Ministry of Housing and Urban Affairs (MoHUA) on 18 February 2026 organised a high-level consultation titled “Municipal Bonds Unpacked – A Dialogue with the Intermediaries” to explore strategies for deepening the municipal bond market and strengthening alternative financing mechanisms for Urban Local Bodies (ULBs). The session brought together senior…
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RBI Restores Default Loss Guarantees for NBFCs
Mumbai: In a significant relief to non-banking finance companies (NBFCs), the Reserve Bank of India (RBI) has restored the recognition of default loss guarantees (DLGs) in loan provisioning, reversing its earlier restrictive stance. The move is expected to strengthen digital lending partnerships and support broader credit expansion. Under the revised…
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RBI Launches Financial Literacy Week 2026 on Safe Banking
The Reserve Bank of India (RBI) has launched Financial Literacy Week 2026 (FLW-2026), a nationwide awareness campaign aimed at strengthening safe banking practices among citizens, with a sharp focus on Know Your Customer (KYC) norms. The initiative underscores KYC as the first and most critical step toward protecting individuals from…
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India RBI Signs MoU with ESMA to Recognize CCPs
The Reserve Bank of India (RBI) has formalized a Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA) to facilitate the recognition of the Clearing Corporation of India Ltd. (CCIL) and other RBI-regulated Central Counterparties (CCPs). The agreement was signed during the visit of the President of…
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Q3 Performance: DFS Secretary Reviews NARCL Recovery
Shri M. Nagaraju, Secretary of the Department of Financial Services (DFS), Ministry of Finance, chaired a quarterly review meeting with the National Asset Reconstruction Company Limited (NARCL), joined by representatives of all public sector banks. The meeting assessed NARCL’s performance for Q3 and strategic objectives for the upcoming quarter. During…
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Auction of 6.48% Government Security 2035 Announced
New Delhi, January 14, 2026: The Government of India has announced the auction and re-issue of “6.48% Government Security 2035”. The auction aims to provide investors with a stable investment option while ensuring timely repayment of existing government securities. The outstanding balance of “6.90% OIL MKTG COS GOI SB 2026”…
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Your Money, Your Right: ₹2,000 Crore Reclaimed Nationwide
New Delhi, 26 Dec 2025: The Government of India’s “आपकी पूंजी, आपका अधिकार – Your Money, Your Right” initiative has successfully reclaimed nearly ₹2,000 crore of unclaimed financial assets, connecting citizens with long-forgotten savings across banks, insurance, mutual funds, dividends, shares, and retirement benefits. Understanding Unclaimed Financial Assets Unclaimed financial…
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India’s Apr-Oct Revenue ₹18L Cr, Expenditure ₹26L Cr
The Government of India has consolidated its monthly accounts up to October 2025, reporting total receipts of ₹18,00,475 crore, which represents 51.5% of the budget estimate (BE) 2025-26. These receipts include ₹12,74,301 crore in Tax Revenue (Net to Centre), ₹4,89,079 crore in Non-Tax Revenue, and ₹37,095 crore in Non-Debt Capital…