Finance in India Current Affairs, GK & News
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 economy as inflation remains in a comfortable zone. This is the 5th consecutive rate cut ..
Topics: Central bank • Economy • Finance • Finance in India • Inflation • Interest Rates • Monetary Policy • Monetary policy of India • Money • Official bank rate • Repurchase agreement • Reserve Bank of India
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 on the loans to the banks immediately. Significance of the RBI’s Announcement This is significant ..
The Indian Government has decided to extend a special Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation to the MSMEs. This money is to be utilized for the Technology Upgradation. The Indian Government relaizes that the equipping a business with technology is fiscally draining and this problem is even more severe for the Micro, ..
Category: Government Schemes Current Affairs
Topics: Economy • Economy of India • Finance in India • IDBI Bank • National Bank for Agriculture and Rural Development • Sailendra Narain • Small and medium-sized enterprises • Small Industries Development Bank of India
The Reserve Bank of India has transferred a surplus of Rs. 1.76 lakh crores to the Indian Government. This payment, which is equal to 1.25% of the Indian GDP (in nominal rates for 2018-19) aims to provide some breathing space for the Indian government and allow it to make a higher capital expenditure on infrastructure ..
Topics: Banking • Banks • Bimal • Central bank • Economy • Finance in India • Financial services • Indian Economy • Monetary Policy • Monetary reform • Open market operation • RBI • RBI Surplus • Reserve Bank of India
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has recently announcement its 3rd bi-monthly Monetary Policy Statement for FY 20 (2019-20). In it, RBI reduced the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points (bps) from 5.75% to 5.40% with immediate effect. Consequently, the reverse repo ..
Topics: Bank of England • Bank rate • Economy • Finance • Finance in India • Interest Rates • Liquidity adjustment facility • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India