finance ministry

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Government to ban cryptocurrencies from its payments system.

The Union Finance Ministry is planning to ban cryptocurrencies from payments system and at the same time appoint regulator to oversee unregulated exchanges that trade in crypto assets. Key Points: ban cryptocurrencies The Dinesh Sharma committee constituted by the Government to look into issues relating to cryptocurrencies will finalise its recommendations by submitting its report in [...]

Government Plans Recapitalisation Of Public sector banks

Union Government On Wednesday In regards to Public sector banks announced to provide Rs 88,139 crore in form of recapitalisation in this particular financial year according to the announcement made my finance ministry. First announced in October 2017 The Recapitalisation Plan Had Provisioned To Provide PSU’s with Rs 2.11 lakh crore.  With IDBI Bank getting the [...]