#neft — Public Fediverse posts

From ⁨⁨⁨⁨⁨#AnnafromUkraine⁩⁩⁩⁩⁩ @[email protected]
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GAZPROM IS DONE: RUSSIA ALREADY COLLAPSING Vlog 1051: War in #Ukraine

#Gazprom #Neft, one of the flagship entities of #Russia’s #oil industry, reported a staggering net loss of 21.3 billion rubles in the first quarter of 2025 under Russian Accounting Standards (#RSBU), a dramatic reversal from the 36.9 billion ruble profit it posted during the same period in 2024. The figures, disclosed in the company’s latest financial report, ...

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It is still sound alternative and given that #NEFT is free of charge, it probably saves exchequer some money if #G2P payments are routed directly from treasury accounts in #eKuber to beneficiary accounts via #NEFT instead of #APB and incurring cost.

State's treasury account held at RBI's CBS #eKuber is connected to #NEFT and the payment goes through. Since its #NEFt, there is no upper limit to the transfer. All that is needed is beneficiary's account number and funds in treasury.

2. Policy decision to gradually migrate #DBT to use #NEFT (run free of cost by RBI wef 1.1.2020) instead of NPCI owned #APB infrastructure which charges ministries implementing #DBT delivery.