Reserve Bank of India.

RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank's directions. Oct 23, 2023
High-Level Meeting Likely To Take Call On Winding Up MMTC, STC, PEC

High-level meeting likely to take call on winding up MMTC, STC, PEC

A high-level meeting chaired by Union Commerce and Industry Minister Piyush Goyal is likely to take a call on the closure of government-owned Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC) and Project & Equipment Corporation of India Limited (PEC) on October 23, according to reliable sources. Oct 14, 2023
Goods and Services Taxes

Gangajal exempt from GST, says govt

As the festival season is round the corner, the Finance Ministry clarified on Thursday that 'Gangajal', which is holy water from river Ganga, remains exempt from GST. Oct 12, 2023