The Latest Breaking News from RBI

Telangana’s finances continued to witness a shortfall in revenue receipts forcing the government to depend heavily on financial accommodation instruments such as special drawing facility (SDF), ways and means advances (WMA) and overdraft provided by the Reserve Bank of India (RBI) to meet its immediate needs

Telangana Chief Minister A. Revanth Reddy has stated that the State’s finances are in a bad position and one of the major indications is the receding surplus fund days in a year, as per RBI reports.

Austrian bank RBI is getting creative in its efforts to reduce its exposure to Russia, taking a 28% stake in construction firm Strabag.

Official refutes allegations on Andhra Pradesh’s debts. As per an RBI report, the total outstanding liability of the Government of Andhra Pradesh at the end of March 2023 was ₹4,28,715.70 crore, says Duvvuri Krishna, Special Secretary to the Chief Minister of Andhra Pradesh.

Petroleum & RBI win 27th & 1st titles respectively in National Table Tennis Championship.

Govt. removed over 2,500 fraudulent loan apps from Google Play Store to protect citizens from cybercrimes & safeguard interests. 44.46 crore loans sanctioned under PMMY.

Tamil Nadu had ₹5.38 lakh crore outstanding liability from bonds at end of March 2023, with 38.5% due in 1-5 years.

BRS MLA K.T. Rama Rao criticizes Congress govt. for wrong publicity & false claims of debts in Telangana.

The onus is squarely on the government to help temper inflation, or risk suffering an erosion in broader consumption and economic growth

Tamil Nadu's SOTR share of total tax revenue stable at over 70%, SGST emerged as most important source post-GST.

Telangana ranks among top States in terms of own tax revenue, with 84.2% of overall tax revenue.