MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated December 9, 2025, imposed a monetary penalty of ₹13,000/- (Rupees Thirteen Thousand Only) on The Co-operative Urban Bank Limited, Parlakhemundi, Odisha (the bank) for non-compliance with specific directions issued by RBI under 'Supervisory Action Framework (SAF)' and certain directions issued by RBI on 'Membership of Credit Information Companies by Co-...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had, on October 1 2025, issued seven draft Directions on Transaction Accounts, viz., (i) Reserve Bank of India (Commercial Banks - Transaction Accounts) Directions, 2025; (ii) Reserve Bank of India (Small Finance Banks - Transaction Accounts) Directions, 2025; (iii) Reserve Bank of India (Payments Banks - Transaction Accounts) Directions, 2025; (iv) Reserve Bank of India (Local Area Ban...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: I. SUMMARY OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹50,000 crore Total amount offered (Face value) by participants : ₹1,11,615 crore Total amount accepted (Face value) by RBI : ₹50,000 crore II. DETAILS OF OMO PURCHASE ISSUE Security 6.75% GS 2029 7.02% GS 2031 7.26% GS 2032 6.79% GS 2034 7.54% GS 2036 6.92% GS 2039 6.67% GS 2050 No. of offers received 65 71 73 10...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank of India released the 10th edition of its statistical publication, "Handbook of Statistics on Indian States, 2024-25". Through this publication, the Reserve Bank disseminates wide-ranging data on the regional economies of India. This publication provides sub-national statistics, among others, on socio-demographics, health, state domestic product, agriculture, environment, prices, wages, ...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: Security 6.75% GS 2029 7.02% GS 2031 7.26% GS 2032 6.79% GS 2034 7.54% GS 2036 6.92% GS 2039 6.67% GS 2050 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 6,638 15,316 21,189 1,033 3,942 657 1,225 Cut off yield (%) 6.1277 6.4391 6.6021 6.6515 6.8373 6.9600 7.2902 Cut off price (₹) 102.19 102.66 10...
RANCHI, India, Dec. 10 -- Jharkhand High Court issued the following order on Nov. 10: Heard the parties. Learned counsel for the petitioner seeks permission of this Court to withdraw this Criminal Miscellaneous Petition. Permission is accorded. This Criminal Miscellaneous Petition stands dismissed as withdrawn. Disclaimer: Curated by HT Syndication....
India, Dec. 9 -- The Government of India has issued a release: The President of India, Smt Droupadi Murmu, presented National Handicrafts Awards for the years 2023 and 2024 in New Delhi today (December 9, 2025). Speaking on the occasion, the President said that art reflects our memories of the past, experiences of the present, and aspirations for the future. Humans have been expressing their emotions through painting or sculpture since ancient times. Art connects people to culture. Art also co...
India, Dec. 9 -- The Government of India has issued a release: The impact of recent GST rationalisation on cooperatives, particularly those operating in the dairy, food processing, agriculture and rural enterprises sectors throughout the country, including Madhya Pradesh is as follows:- Dairy Sector i. The GST on Milk & Paneer has been made 'nil' and the GST on Butter, Ghee, Cheese, Milk cans etc. has been reduced from 12% to 5%. ii. The likely impact of the revised GST rates on dairy cooper...
India, Dec. 9 -- The Government of India has issued a release: Total Procurement (In LMT) Total MSP Value (In Lakh Crore) 1,223 3.47 Commodities KMS 2015-16 KMS 2025-26 KHARIF CROPS Paddy (Common) 1410 2369 Paddy (Grade 'A') 1450 2389 Jowar (Hybrid) 1570 3699 Jowar (Maldandi) 1590 3749 Bajra 1275 2775 Ragi 1650 4886 Maize 1325 2400 Arhar 4625 8000 Moong 4850 8768 Urad 4625 7800 Cotton (Medium Staple) 3800 7710 Cotton (Long Staple) 4100 8110 ...
India, Dec. 9 -- The Government of India has issued a release: Category Locations % Subsidy A State / Central Govt. Premises - Govt. offices, Govt. residential complexes, Govt. hospitals, Govt. educational institutes, CPSEs or any other Govt. establishments. (said chargers to be available to any private individual for charging their EVs without any restrictions, i.e. free public access) 100% on Upstream Infrastructure and 100% on EVSE B Locations in cities and along highways which are ow...