PRESS RELEASERESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001 /Phone: 022 – 2266 0502 Money Market Operations as on June 05, 2025 @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).− Not Applicable / No … Read more
Former PNB Officer and a Private Person Sentenced to Jail in a case of Bribery The Ld. Court of Spl. Judge, CBI, Court No. 04, Lucknow today i.e. 05.06.2025 sentenced two accused namely, Bhupinder Singh Bhatiyani, the then Officer (Scale-I), PNB, Usmanpur Branch, Barabanki to 3 years Rigorous Imprisonment with a fine of Rs. 1,10,000/- … Read more
CBI apprehends Recovery Agent, Gramin Bank, while accepting undue advantage of Rs. 20,000 Central Bureau of Investigation (CBI) has apprehended accused Recovery Agent, Prathma UP Gramin Bank, Rampur for demanding and accepting undue advantage of Rs. 20,000/- from the complainant. A case was registered by CBI on 04.06.2025 on the basis of complaint against accused … Read more
Three accused sentenced to Rigorous Imprisonment for 5 years alongwith a total fine of Rs 35.30 lakh for Criminal conspiracy and causing financial loss to UIICL The Special Judge for CBI cases, Court No. 06 Ahmedabad today i.e. 05.06.2025 sentenced three accused including Kikubhai S. Dhodi, Asstt. United India Insurance com. Ltd. (UIICL) Branch Office … Read more
The Supreme Court of India recently dismissed a review petition in the Safari Retreats case on May 21, 2025. This decision upheld its earlier ruling from October 3, 2024, which stated that buildings constructed for services like renting or leasing could be considered a “plant,” making them eligible for Input Tax Credit (ITC) under GST. … Read more
Great news for homeowners! The Reserve Bank of India (RBI) has made significant moves in 2025, slashing the repo rate by 100 basis points and reducing the Cash Reserve Ratio (CRR) by 100 basis points (from 4% to 3%). These changes mean big savings and shorter loan tenures for home loan borrowers. Understanding the Impact: … Read more
The Reserve Bank of India (RBI) just delivered a massive “one-two monetary punch,” unleashing over ₹2.5 lakh crore into the banking system to supercharge the economy. This powerful move involves two key actions: RBI’s Bold Moves Why These Actions Matter RBI Governor Sanjay Malhotra explained that these measures are a “liquidity infusion designed to reduce … Read more
A public spat between Donald Trump and Elon Musk sent Tesla’s market cap plunging by over $100 billion on Thursday. The feud escalated dramatically when Musk accused Trump of being in the Jeffrey Epstein files, suggesting this as the reason for their continued secrecy. The conflict kicked off when Trump, during a White House meeting, … Read more
Directorate of Enforcement (ED), Cochin Zonal Office has conducted search operations on04.06.2025 at 06 locations across Malappuram, Kozhikode, and Kasaragod, covering the residencesof key accused individuals— Muhammed Faisal, Cheroor Ahammed Jalaluddeen, Abdul Mansheef,Nashid KP and Abdul Rasheed as well as the premises of M/s Fexmy Mattress LLP under theprovisions of Prevention of Money Laundering Act … Read more
Directorate of Enforcement (ED), Chennai Zonal Office has issued seizure order underSection 37A of FEMA, 1999 seizing immovable property in the name of M/s. RR IndustriesLimited to the extent of Rs.16.19 Crore (approx.).ED initiated investigation in the case of M/s. RR Industries PTE Limited under theprovisions of Foreign Exchange Management Act, 1999 on the basis … Read more
