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Digital transformation through Blockchain and Smart Contracts will help create a thriving economy: Chief Technology Officer, EMURGO Academy

Mar 5, 2021

NEW DELHI, 05 March 2021: Bharat Mallapur, Chief Technology Officer, EMURGO Academy yesterday said that digital transformation and smart contract will help create a thriving economy and realize the vision of minimum government, maximum governance. Addressing the FICCI Tech-Thought Leadership Session on Enterprise 2.0 - Digital transformation…

Consultative approach of the government in forming policy for chemicals & petrochemicals sector:…

Mar 5, 2021

NEW DELHI, 05 March 2021: DV Sadananda Gowda, Minister of Chemicals & Fertilizers, Govt of India today emphasized that the government is working on a consultative approach in forming the policies for India chemicals and petrochemicals…

National

CGST East Delhi Commissionerate arrests two for defrauding Government Exchequer of more than Rs 392…

Mar 5, 2021

In their continuous endeavour to uproot fake billing operations, officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi (East) achieved yet another success when investigations led to unearthing of a massive network of…

Business

Results of Underwriting Auctions Conducted on March 05, 2021

Mar 5, 2021

In the underwriting auctions conducted on March 05, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to…

Business

Money Market Operations as on March 04, 2021

Mar 5, 2021

Money Market Operations as on March 04, 2021 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight…

Business

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 –…

Mar 5, 2021

Reserve Bank of India vide directive DCBS.CO.BSD-I./D-14/12.22.254/2018-19 dated May 03, 2019 had placed the Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra under Directions from the close of business on May 04, 2019. The validity…

Business

Auction of State Government Securities

Mar 5, 2021

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹ 21,673 Cr. (Face Value). Sr. No. State Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr)…

Business

RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of…

Mar 5, 2021

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹20,000 crore under…

Business

Results of OMO Purchase and Sale auction held on March 04, 2021 and Settlement on March 05, 2021

Mar 5, 2021

A. I. SUMMARY - OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹ 15,000 crore Total amount offered (Face value) by participants : ₹ 56,970 crore Total amount accepted (Face value) by RBI : ₹…

Business

Underwriting Auction for sale of Government Securities for ₹31,000 cr on March 05, 2021

Mar 5, 2021

Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on March 05, 2021. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum…

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