Debt Management and Monetary Policy in India

The discourse on the need to separate debt management and monetary policy is doing rounds for quite a time. The view was even endorsed by the committee on capital account convertibility in 1996 because of the possible conflict of interest ..

SIDBI introduces web-based application system for contribution from Fund of Funds for Startups (FFS)

SIDBI has introduced web-based application system for contribution from Fund of Funds for Startups (FFS). The applications for contribution from various Alternative Investment Funds (AIFs) will now be accepted online and the status of the same shall be accessible to ..

SBI introduces repo-linked home loan product

After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home loan product from July 1. The home loans under this product will ..

6-member Monetary Policy Committee of RBI reduces repo rate

On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from 6.0% with immediate effect in its 2nd bi-monthly monetary policy statement for ..

Union Ministry of Finance launches Project Sparrow for online writing of Annual Performance Appraisal Report

The Union Ministry of Finance has launched Project Sparrow for online writing of Annual Performance Appraisal Report (APAR) in SPARROW (Smart Performance Appraisal Report Recording Online Window) for Group ‘B’ and ‘C’ Officers of Central Board of Indirect Taxes & ..

SBI becomes first Indian bank to link interest rates to RBI’s repo rate

The State Bank of India (SBI) has become the first bank in the country to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as the effective interest rate ..