Sunday, June 16, 2024
Union Budget 2020-21; Tourism sector to get Rs.2,500cr.

Indian Institute of Heritage and Conservation to be established In an effort to make India an attractive destination for both international and domestic tourists, Ms. NirmalaSitharaman, Finance Minister, proposed to allocate Rs.2,500crores in 2020-21 for the tourism sector. Besides tourism, the Minister also proposed to allocate Rs.3,150crore for Ministry of...

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Kerala Bank, A Dream Realised

Kerala Bank will become the biggest financial institution in the state in the near future, Mr. Pinarayi Vijayan, Chief Minister of Kerala, said while formally announcing the formation of the bank in Trivandrum on December 6. The Reserve Bank of India had given its conditional approval for the formation of...

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PRAVASI CHIT To Boost Development

KSFE PRAVASI CHITS is a unique financial savings scheme introduced for the welfare of the Malayalee diaspora. Chitty Schemes for NRIs have been a longstanding demand of KSFE ever since the largescale migration of Malayalees, majorly to the Gulf region, and their remittances started playing a significant role in Kerala’s...

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Introduction of Plastic Currency

With a view to elongating the life of banknotes, particularly in lower denominations, the Reserve Bank of India (RBI), in consultation with the Government of India has been considering various options including printing of banknotes on polymer substrate. A decision had accordingly been taken to introduce one billion pieces of...

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