National Bank for Agriculture and Rural Development (Nabard) has disbursed Rs 20,500 crore to cooperative banks and regional rural banks (RRBs) for on-lending to farmers. Of the total, Rs.15,200 crore has been released to cooperative banks and Rs.5,300 crore to RRBs as special liquidity ...

The Government of India and West Bengal signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for a US$145 million project to improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal. The loan sanctioned under West Bengal Major ...

Finance Minister has announced the fourth tranche of economic support the Indian Economy’s fight against COVID-19. The announcement focusses on reforming 8 sectors which are (1) coal, (2) minerals, (3) defence production, (4) airports and airspace management, (5) MRO, (6) power distribution of ...

West Bengal state government, Central government of India and the Asian Infrastructure Investment Bank (AIIB) signed a loan agreement for a $145 million project to improve flood management and irrigation services in the Damodar Valley Command Area (DVCA) in West Bengal state. The West Bengal ...

Finance minister Nirmala Sitharaman has unveiled the third tranche of government's Rs 20 lakh crore economic package in a bid to revive the Indian economy that has taken a slump due to ongoing nationwide lockdown to curb the spread of the coronavirus pandemic. GoI is to create a facilitative ...

New Development Bank of BRICS countries have fully disbursed $1 billion emergency assistance loan to India to help it contain the spread of COVID-19 and reduce human, social and economic losses caused by the COVID-19 pandemic. The 'Emergency Assistance Program Loan' to India was approved by the ...

The government released ₹6,195.08 crore to 14 states as the second equated monthly instalment of the Post Devolution Revenue Deficit Grant as recommended by the Finance Commission. The grant was recommended by the 15th Finance Commission (XVFC), and an equal first installment of the grant was ...

Union Agriculture Ministry launched integration of 177 new Mandis with the National Agriculture Market to strengthen agriculture marketing and facilitate farmers to sell their harvested produce through the online portal. The 177 new mandis are from 10 States and Union Territories (UTs). The ...

The US' Centres for Disease Control and Prevention (CDC) has committed USD 3.6 million to assist India's response to the COVID-19 pandemic and the aid will support prevention, preparedness and response activities. The CDC announced that it is to work with local partners to help India to ...

State Bank of India (SBI) has cut its Marginal Cost of Funds based Lending Rate (MCLR) by 15 basis points (bps) across all tenors. It also reduced interest rates on retail term deposits (below ₹2 crore) by 20 bps for a tenor of up to three years. As a measure to safeguard the interests of ...