income tax
Economy National

Centre Releases ₹1.09 Lakh Crore to States

By BPN News Desk
The Union government has released an additional ₹1,09,019 crore in tax devolution to state governments, providing funds ahead of the regular monthly transfer scheduled for August 10. Centre Releases Advance Tax Devolution The additional instalment was transferred on August 1 to strengthen the financial position of states and help them meet immediate spending requirements.
foreign investment
Economy National

RBI Swap Facility Draws $40.8 Billion

By BPN News Desk
Foreign currency inflows through the Reserve Bank of India’s special swap facility reached $40.816 billion by July 31, nearly doubling from $20.718 billion recorded two weeks earlier. RBI Special Swap Facility Inflows Foreign Currency Non-Resident (Bank), or FCNR(B), deposits accounted for $36.725 billion, representing about 90% of the total funds mobilised through the
rbi sanjay malhotra
Economy National

RBI Dollar Measures Draw $32 Billion Inflows

By BPN News Desk
Reserve Bank of India Governor Sanjay Malhotra has reiterated the central bank’s commitment to financial stability as foreign currency mobilisation measures attract substantial dollar inflows and strengthen India’s balance of payments. RBI Financial Stability Measures Malhotra said Indian banks had raised approximately $32 billion through special foreign currency schemes
RBI
Economy National

RBI Swap Facility Draws $20.72 Billion

By BPN News Desk
The Reserve Bank of India’s concessional foreign-exchange swap facilities attracted $20.72 billion in overseas inflows by July 17, strengthening the country’s external financial buffer as the rupee remained under pressure. RBI swap facility attracts $20.72 billion Banks mobilised approximately $17.41 billion through Foreign Currency Non-Resident Bank deposits under the
RBI
Economy National

RBI Arm Seeks Material for Polymer Notes

By BPN News Desk
The Reserve Bank of India’s currency-printing subsidiary has invited global expressions of interest for polymer material suitable for Indian banknotes, taking an initial step towards testing more durable currency notes. RBI Arm Seeks Polymer Banknote Material Bharatiya Reserve Bank Note Mudran Private Limited has sought manufacturers capable of producing and supplying
RBI
Economy National

RBI To Auction ₹32,000 Crore Bonds

By BPN News Desk
The Reserve Bank of India will conduct an auction of government bonds worth ₹32,000 crore on July 10 as part of the Centre’s market borrowing programme. RBI Government Bond Auction On July 10 The auction will include dated Government of India securities with settlement scheduled for July 13. The borrowing will be raised through the […]
foreign investment
Economy National

India Forex Reserves Fall To $666.93 Billion

By BPN News Desk
India’s foreign exchange reserves fell sharply in the week ended June 26, mainly due to a decline in the value of gold reserves, while foreign currency assets saw only a marginal fall. India Forex Reserves Fall To $666.93 Billion India’s foreign exchange reserves declined by $5.654 billion to $666.933 billion for the week ended June […]
Piyush Goyal
Economy National

India Sets $1 Trillion Export Target

By BPN News Desk
India has set a $1 trillion export target for FY27, with the government expecting strong growth in both merchandise and services exports during the current financial year. India $1 Trillion Export Target For FY27 Commerce and Industry Minister Piyush Goyal said India is on track to reach the $1 trillion export milestone in FY27, supported […]