MUMBAI, India, Sept. 11 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated September 08, 2025, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on Progressive Mercantile Co-operative Bank Limited, Dist. Ahmedabad, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on 'Inspection & Audit Systems in Primary (Urban) Co-operative Banks', 'Know Your Customer' and 'Customer Protection - L...
MUMBAI, India, Sept. 11 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 12, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary...
MUMBAI, India, Sept. 11 -- Reserve Bank of India issued the following press release: The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra under Directions from the close of business on March 10, 2023, for a period of six months. The validity of the directions was extended from time-to-time, the last being up to close of business on September 10, 2025. 2. It is hereby notified ...
MUMBAI, India, Sept. 11 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,40,321.17 5.30 4.75-6.30 I. Call Money 17,269.96 5.34 4.75-5.40 II. Triparty Repo 4,24,339.35 5.29 5.10-5.45 III. Market Repo 1,94,849.31 5.31 5.00-5.70 IV. Repo in Corporate Bond 3,862.55 5.56 5.39-6.30 B. Term Segment I. Notice Money** 273.00 5.35 5.00-5.40 II. ...
India, Sept. 10 -- The Government of India issued the following news release: The Principal Scientific Adviser (PSA) to the Government of India, Prof. Ajay Kumar Sood, chaired the third All Clusters Meet on 9-10 September, 2025 in Vishakhapatnam, hosted by the Vizag Science and Technology Cluster (AMTZ). Dr. Parvinder Maini, Scientific Secretary, Office of the Principal Scientific Adviser (OPSA) to the Government of India, and Dr. Rakesh Kaur, Adviser/Scientist G, OPSA joined the deliberations....
India, Sept. 10 -- The Government of India issued the following news release: The workshop highlighted India's MPI Journey and the technical methodology behind calculating the MPI. A one-day National Workshop on 'The National Multidimensional Poverty Index (MPI): Strengthening Outreach and National Capacity' was organised by NITI Aayog, in collaboration with the United Nations Development Programme, as part of the NITI-State workshop series under the State Support Mission, on 9 September 2025 ...
India, Sept. 10 -- The Government of India issued the following news release: The Ministry of Women & Child Development (MoWCD) organised a Consultative Workshop on Identifying Reform Measures in Social, Welfare & Security Sectors on 9th September. The workshop was chaired by Sh. Anil Malik, Secretary, MoWCD. The session witnessed active participation of delegations from States and UTs. The deliberations focused on reforms under Mission Saksham Anganwadi & Poshan 2.0 - improving nutrition & E...
India, Sept. 10 -- The Government of India issued the following news release: The Ministry of Statistics and Programme Implementation (MoSPI) is the nodal Ministry for setting standards for collection, compilation and dissemination of data. The Ministry is undertaking a number of structural reforms to improve timeliness, quality and granularity of data such as updating the base year of the major indicators, refining methodologies of various surveys to enable local level data collection and upda...
India, Sept. 10 -- The Government of India issued the following news release: Researchers from the MACS-Agharkar Research Institute in Pune, an autonomous institute of the Department of Science & Technology, Government of India, have identified two novel species of Aspergillus section Nigri (commonly known as black aspergillus), Aspergillus dhakephalkarii and Aspergillus patriciawiltshireae, and reported the first geographic record of two black aspergilli A. aculeatinus and A. brunneoviolaceus,...
India, Sept. 10 -- The Government of India issued the following news release: In a landmark event today, the Central Power Research Institute (CPRI), an autonomous body under the Ministry of Power, Government of India, inaugurated its latest advanced Regional Testing Laboratory (RTL) at Nashik. The inauguration ceremony was graced by Shri Manohar Lal Khattar, Honorable Minister of Power & Housing and Urban Affairs, who inaugurated the facility, and dedicated the laboratory to the Nation, in th...