India, Oct. 9 -- The Government of India has issued a release: Panaji, 9 October 2025 Union Minister of Social Justice and Empowerment Dr. Virendra Kumar distributed safety equipment, PPE kits, and Ayushman cards to sanitation workers in Goa under the Namaste Scheme at a program held in Panaji today, October 9th. Addressing the gathering, the minister said that sanitation workers had a great role to play in Goa as the state, a popular tourist destination, attracts both domestic and interna...
India, Oct. 9 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi spoke to the President of the United States, Donald Trump and congratulated him on the success of the historic Gaza peace plan. During their conversation, the two leaders also reviewed the good progress achieved in ongoing trade negotiations. They agreed to remain in close touch over the coming weeks to further strengthen bilateral cooperation. In a post on X, Shri Modi said; "Spoke to my fr...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following notification: RESERVE BANK OF INDIA (Financial Markets Regulation Department) (CENTRAL OFFICE) NOTIFICATION MUMBAI, the 29th September, 2025 Foreign Exchange Management (Debt Instruments) (Fourth Amendment) Regulations, 2025 No. FEMA.396(4)/2025-RB. - In exercise of the powers conferred by clause (a) of sub-section (2) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Ban...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following speech: I am very happy to participate in this 6th edition of the Global FinTech Fest (GFF). It is a premier forum where the wizards of technology intersect with the experts of finance. It is a unique forum where young innovators, brimming with bold ideas, converge with the steady wisdom of experienced leaders. This synergy which shapes solutions to common challenges reflects the true spirit of the GFF. This event also reflect...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following press release: The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹12,800 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Bihar 1,500 20 Yield 2. Gujarat 1,000 09 Yield 3. Jammu and Kashmir 300 20 Yield 4. Maharashtra 1,000 Re-issue of 7.27% SGS 2036, issued on September 24, 2025 Price 1,500 Re-issue of 7.26% ...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following press release: 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Oct. 04 Sep. 26 Oct. 03 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 35809 32622 22137 -10485 -13672 * Data are provisional; difference, if any, is due to rounding off. 2. Foreign Exchange Reserves* Item As on Oct. 03, 2025 Variation over Week End-March 2025 Year &...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following press release: The Reserve Bank has constantly endeavoured to optimise its regulatory framework with a focus inter alia on reducing the regulatory burden and compliance costs, apart from timely re-evaluation of the currency of existing instructions. Pursuant to the above, the Reserve Bank has undertaken a comprehensive exercise of consolidating the regulatory instructions currently administered by the Department of Regulatio...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 37,929 Amount allotted (in ₹ crore) 37,929 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/1288 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on October 10, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitiv...
MUMBAI, India, Oct. 10 -- 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, October 10, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:15 AM to 10:45 AM October 13, 2025 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021...