The Reserve Bank of India vide its notification dated 18th November 2020 has specified that the net owned fund for the housing finance companies at Rs. 20 crore provided that a housing finance institution holding a Certificate of Registration and having net owned fund less than 20 crore rupees, may continue to carry on the business of housing finance institution, if such company achieves net owned fund of 15 crore rupees before 1st April, 2022 and 20 crore rupees before 1st April, 2023.
Union Cabinet Approves Extension of Special Package for Di-Ammonium Phosphate (DAP) Subsidy
The Union Cabinet has approved the extension of a one-time special package for Di-Ammonium Phosphate (DAP) fertilizer beyond the Nutrient-Based Subsidy (NBS). The package, amounting