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Modi, who is prisoned at Wandsworth prison in south-west London since March 2019 which extended till 19 September and later further remanded to judicial custody until 17 October by a UK court which said it was working towards his five-day extradition trial hearing for 11–15 May 2020 and he must appear via video link before a court every 28 days.
New categorization of NBFCs as per revised framework by Reserve Bank of India (RBI): Reserve Bank of India through a circular in October 2021, [9] has categorized the NBFCs into three layers: [10] Base layer – This layer covers NBFCs which are non-systematically important, i.e., they have a lesser risk and impact on the financial system. It ...
In June 2020, India's foreign exchange reserves crossed the US$500 billion mark for the first time. [16] In June 2021, India's foreign exchange reserves crossed the US$600 billion mark for the first time. [17] [18] India's total forex reserves touched an all-time high of US$642.453 billion on 8 September 2021. [19]
On 3 March 2020, the Indian government stopped issuing of new visas. Previously issued visas for the nationals of Iran, South Korea, Japan, and Italy were suspended. [19] All visas were suspended on 13 March, except for diplomatic and other official visas, as well as the visa-free travel for Overseas Citizens of India. Indians returning from ...
In 2020, Finance Minister Nirmala Sitaraman introduced a bill to amend the Act. The bill sought to bring all cooperative banks under the Reserve Bank of India. It brought 1,482 urban and 58 multi-state cooperative banks under the supervision of the RBI.nstruct or merge banks without moratoriums. The bill was passed by the parliament. [3]
The GDP growth rate had fallen from 8.2% in January–March 2018 to 3.1% in January–March 2020. [102] In the first quarter of the financial year 2020-2021, this number went into negative. The GDP growth rate for April–June 2020 was -23.9%, which happened to be the worst ever in history. [103]
On 19 April 2020, the Revenue Department of the Finance Ministry issued a circular indicating that one day's salary per month, from April 2020 to March 2021, from each employee would be redirected to the fund unless employees who were "unwilling to donate" indicated their unwillingness in writing to their departments. [76]
The following is the timeline of the COVID-19 pandemic in India from January 2020 through May 2020. Timeline of the pandemic spread across India (30 January 2020 to 3 April 2020) This article needs to be updated .