From November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth Rs. 5,92,613 crore have been issued to public

03-02-2017

Consequent to the announcement of withdrawal of Legal Tender status of banknotes of Rs. 500 and Rs. 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for supply of adequate quantity of banknotes in various denominations to the public through the banks. Over the period from November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth Rs. 5,92,613 crore have been issued to public either over the counter or through ATMs. In this period, the Reserve Bank has issued to the banks and their branches, for distribution to the public, a total of 22.6 billion pieces of notes of various denominations of which 20.4 billion

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The Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh presents its Report to the Union Finance Minister Shri Arun Jaitley today.
January 24, 2017

The Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh, former Revenue and Expenditure Secretary and former Member of Parliament presented its Report to the Union Finance Minister Shri Arun Jaitley today in his (FM) office in North Block in the national capital.  Other Members of the Committee including Dr.

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The Central Government releases Special Central Assistance to various States
January 20, 2017

The Union Government has been assisting the State Governments and providing “Special Assistance” with a view to expediting their completion of area specific Schemes.  This assistance is provided in view of the Government of India’s commitment to fulfilling the development agenda in backward region notwithstanding the fact that the State

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