Page-3 of Finance in India Current Affairs, GK & News

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 & Customs (CBIC). SPARROW-CBIC is one of its kinds in terms of Scale/ number of employees ..

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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 from May 1 on savings deposit above Rs 1 lakh will come down to 3.25% ..

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15th Finance Commission meets Ministry of Panchayati Raj

The Ministry of Panchayati Raj has made a presentation to Shri N.K. Singh, the Chairman of 15th Finance Commission, its Members and senior officials of the Commission. The Ministry has lodged an allocation of Rs. 10,00,000 crores to Panchayats by the 15th Finance Commission. It is a hike of 399% from that given by the ..

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1st Bi-monthly Monetary Policy Statement Released

On the basis of an assessment of the current macroeconomic situation, the Monetary Policy Committee at its meeting decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.0% from 6.25% with immediate effect. The reverse repo rate under the LAF stands adjusted to 5.75%, and the ..

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RBI cuts its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0%

The Reserve Bank of India (RBI) has cut its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0% in its first bi-monthly policy statement of the current financial year FY20, with immediate effect. The move will cheer markets and investors and is the second consecutive rate cut by the RBI. It ..

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