Croatia has taken two major steps towards further integration with the European Union (EU) by adopting the euro and joining the Schengen zone. The country officially became the 20th member of the eurozone on January 1st, and the removal of ..
Category: International / World Current Affairs
The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision, which was taken by a 4:1 majority of the Constitution Bench, stated ..
Category: Economy & Banking Current Affairs - 2024
In February, India’s holdings of US government securities reached 177.5 billion USD- an increase of 33.2 billion USD in one year. Top Countries Holding US Government Securities The US Treasury Department had released data on foreign holdings of its government ..
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish ..
The Reserve Bank of India, in a recent announcement, has mandated the banks to link their lending rates for loans to an external benchmark. This has made it mandatory for the banks to pass on the benefits of rate cuts ..
In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular step of the government has stood out. This was the planned merger ..