New Delhi, July 1 (IANS) Prime Minister Narendra Modi on Wednesday extended greetings on Chartered Accountants’ Day to the entire CA fraternity and said that they have long been trusted partners in India’s economic journey.PM Modi took to social media ‘X’ and said, “Greetings on Chartered Accountants’ Day to the entire CA fraternity. They have long been trusted partners in India’s economic journey. Through their commitment to transparency and professional excellence, they strengthen our financia…
Latest Financial system News & Updates
New Delhi, June 8 (IANS) Direct Benefit Transfer (DBT) has transformed the way welfare schemes are delivered in India, with more than Rs 50 lakh crore transferred directly into beneficiary accounts and leakages worth over Rs 4.31 lakh crore prevented, the government said on Monday, highlighting the system’s role in improving efficiency, transparency and financial inclusion.In a post on social media platform X, the Ministry of Finance said that DBT has fundamentally reshaped welfare delivery by…
Mumbai, April 10 (IANS) The Reserve Bank of India announced on Friday that it is carrying out a Variable Rate Reverse Repo (VRRR) auction worth Rs 2 lakh crore with a 7-day tenor to absorb excess, durable liquidity from the banking system. The date of reversal is April 17.The VRRR is used to absorb excess liquidity when the system has a surplus, which helps maintain interest rates within the RBI’s prescribed corridor.This move follows the RBI’s revised liquidity management framework, which prior…
Seoul, Jan 23 (IANS) Daily foreign exchange (FX) trading by banks in South Korea hit an all-time high last year, driven by increased cross-border stock trading, central bank data showed on Friday.Average daily FX turnover, including derivatives trading, came to US$80.71 billion in 2025, up 17 per cent from the previous year’s $68.96 billion, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.It marked the highest annual level since the central bank began compiling suc…