India, Aug. 13 -- The Government of India has issued a release: Dedicated Mission Laid The Foundation For Self-Reliance From Policy to Semiconductor Manufacturing Semiconductor facilities will supply critical components for automobiles, telecommunications, aerospace, power electronics and consumer electronics Electronic Design Automation (EDA) Global Partnerships The IndiaAI Mission, approved with an outlay of about Rs.10,372 crore, has made significant strides over the past year. The Miss...
India, Aug. 13 -- The Government of India has issued a release: Amrit Peedhi for Viksit Bharat@2047 India is home to one of the world's largest youth populations, with nearly 65 percent of its citizens below the age of 35. Over the years, the Government has expanded investment across education, skilling, employment, entrepreneurship, sports, health, and civic participation to convert this demographic advantage into a development dividend. Together, these efforts are enabling the Amrit Peedhi t...
India, Aug. 13 -- The Government of India has issued a release: India's development story is reaching deeper into rural and tribal communities, transforming access, opportunity, and quality of life. From basic services and resilient infrastructure to livelihoods, skills, education, and financial security, interventions are expanding the foundations of inclusive growth. Focused efforts for women, tribal communities, and vulnerable groups are further strengthening pathways to dignity and empowerm...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 14, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Muthoot MCred Limited (Formerly Known as Muthoottu Mini Financiers Limited) (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Asset Classification'. This penalty has been imposed in exercise of powers conferred o...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,81,244.85 5.10 1.00-5.80 I. Call Money 19,326.43 5.21 4.60-5.30 II. Triparty Repo 3,89,967.65 5.09 4.95-5.80 III. Market Repo 1,64,806.62 5.12 1.00-5.50 IV. Repo in Corporate Bond 7,144.15 5.29 5.27-5.40 B. Term Segment I. Notice Money** 302.60 5.11...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on August 14, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive ...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 80,235 Amount accepted (in ₹ crore) 80,235 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/889 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: New GS 2029 New GS 2033 7.24% GS 2055 7.50% GOI SGrB 2056 I. Notified Amount ₹11,000 crore ₹11,000 crore ₹5,000 crore ₹5,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 6.20% 6.57% 98.66/7.3523% 102.19/7.3169% III. Amount accepted in the auction ₹11,000 crore ₹11,000 crore ₹5,000 crore ₹5,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL ...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: (Amount in ₹ Crore) Auction Results New GS 2029 New GS 2033 7.24% GS 2055 7.50% GOI SGrB 2056 I. Notified Amount 11,000 11,000 5,000 5,000 II. Competitive Bids Received (i) Number 113 150 129 67 (ii) Amount 23,784.000 31,587.000 16,025.000 13,725.000 III. Cut-off price(₹) / Yield 100.00 100.00 98.66 102.19 (YTM: 6.2000%) (YTM: 6.5700%) (YTM: 7.3523%) (YTM: 7.3169%) IV. Competitive Bids Accepted ...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: With a view to encourage writing originally in Hindi on Economic/Finance/Banking as well as on topics of general interest, Reserve Bank of India had invited entries for Inter-Bank Hindi Essay Competition : 2026-27 through press release dated April 29, 2026. The Officers and Staff members (other than Rajbhasha Officers and Translators) of Reserve Bank of India, Public Sector Banks and Regional Rural Banks (RRBs) ...