India, Nov. 19 -- The Government of India has issued a release: In line with the Government of India's ongoing efforts to strengthen the country's innovation and entrepreneurship landscape, The Atal Innovation Mission (AIM), NITI Aayog, today formalized a strategic partnership with CFA Institute India Pvt. Ltd. through the signing of a Joint Statement of Intent (SOI) here in New Delhi. The collaboration marks a significant step toward strengthening financial literacy, ethical decision-making, a...
India, Nov. 19 -- The Government of India has issued a release: Summary-Voice services Summary-Data services Summary-Voice services Summary-Data services Call Setup Success Rate: Airtel, MTNL, RJIL and VIL have 99.40%, 35.29%, 99.12% and 99.10% call setup success rate respectively in Auto-selection mode (5G/4G/3G/2G). Data Download performance (Overall): Average download speed of Airtel (5G/4G/2G) is 173.73 Mbps, MTNL (3G/2G) is 1.56 Mbps, RJIL (5G/4G) is 50.55 Mbps and VIL (5G/4G/2G) is 6...
India, Nov. 19 -- The Government of India has issued a release: Mumbai : 19 November 2025 Global demand for textiles is at an all-time high, with the world increasingly turning toward high-performance, functional and sustainable materials. India is responding to this shift with strength and confidence, said Shri Pabitra Margherita, Union Minister of State for Textiles and External Affairs, while addressing the Manmade and Technical Textiles Export Promotion Council (MATEXIL)'s Export Award Fun...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District vide Directive No. BLR.DOS.SSMS.No.S2174/12-08-295/2022-23 dated February 23, 2023, for a period of six months up to close of business on August 24, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessa...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following speech: Prof. Ram Singh, Director, Delhi School of Economics, Prof. Pami Dua, distinguished faculty of the Delhi School of Economics, assembled dignitaries and dear students. Good afternoon. 2. I am pleased to be here at the Delhi School of Economics (DSE) to deliver the Second V.K.R.V. Rao Memorial lecture. The late Professor Rao was not only a distinguished scholar - being one of the first three Ph.Ds in Economics from Camb...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, November 21, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 7 09:30 AM to 10:00 AM November 28, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release ...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 13, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Glowmore Finance Private Limited, Odisha (the company) for non-compliance with certain provisions of the 'Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023' issued by RBI. This penalty has been imposed ...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 14, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Nawada Central Co-operative Bank Limited, Bihar (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Membership of Cr...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 12, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Shri Basaveshwar Sahakari Bank Niyamitha, Bagalkot, Karnataka (the bank) for non-compliance with certain directions issued by RBI on 'Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs' and 'Reserve Bank of India (Co-operative Banks -...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 12, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Big Kancheepuram Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section...