Forty-three regional rural banks (RRBs) posted a consolidated web revenue of ₹7,796 crore in FY24, up 26 per cent from ₹6,178 crore in FY23, brightening prospects for some to faucet the capital market, together with by way of an preliminary public providing (IPO). Additional, the variety of RRBs posting a web loss has declined to … Read more
The latest Supreme Courtroom verdict ruling that the central authorities can not limit the powers of the state to resolve the charges of royalties on minerals won’t have an effect on authorities of India’s revenues, the union Finance Secretary, Dr T V Somanathan mentioned immediately. Responding to a query raised by N Ram, Director of … Read more
The central authorities might be able to repay ₹2.69 lakh crore loans it had taken to compensate states for GST income loss in FY21 and FY22 by November 2025, 4 months forward of its scheduled compensation, an official has stated. The total compensation of the market borrowings is anticipated sooner than the beforehand calculated timeline … Read more