Corporate Actions
FM says rationalisation of GST rates has opened new opportunities in rural areas

17-Oct-25   15:09 Hrs IST
The Union Minister of Finance and Corporate Affairs Nirmala Sitharaman chaired a meeting to review business performance of the Karnataka Grameena Bank (KaGB) at Ballari, Karnataka yesterday. FM noted that the rationalisation of GST rates has opened new opportunities in rural areas due to increase in consumption, which is an indication of more funding by banks, the finance minister said. She also urged the rural banks to leverage this opportunity to cater the credit requirement in semi-urban and rural areas. The Union Minister said that capital requirement of some of the farmer producer organizations or FPOs are met by Development Financial Institutions and Government Departments. The working capital requirements should be fulfilled by the Banks. Rural bank should upgrade its products and services as per the convenience and demand of Farmer Producer Organisations, the Minister emphasized.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.