Page-4 of Finance in India Current Affairs, GK & News
The book titled “Indian Fiscal Federalism” has been authored by former RBI Governor Dr. Y V Reddy and co-authored by Dr. G R Reddy. The authors noted that the Niti Aayog should ideally be the focal point for all transfers from the Centre and states outside the recommendations of the Finance Commission.
Topics: B. R. Ambedkar • Economy of India • Finance Commission • Finance Commission of India • Finance in India • Fiscal federalism • Government of India • India • Niti • NITI Aayog • Reddy • Y. Venugopal Reddy
The six-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, announced the sixth bi-monthly monetary policy statement for 2018-19. In it, the RBI has cut the key policy rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25% from 6.5% with immediate effect. Consequently, the reverse repo rate stands adjusted ..
Topics: Bank of England • Bank rate • Economy • Finance • Finance in India • Interest Rates • Liquidity adjustment facility • Monetary Policy • Monetary Policy Committee • Money • Official bank rate • Reserve Bank of India
Finance Minister Arun Jaitley reviewes current global and domestic economic situation and financial sector performance
Recently, the 19th meeting of the Financial Stability and Development Council (FSDC) held under the Chairmanship of the Union Finance Minister Arun Jaitley reviewed the current global and domestic economic situation and financial sector performance. Apart from liquidity in NBFCs (segmental liquidity position and in mutual fund space), the FSDC discussed on various economic issues ..
Topics: Computer emergency response team • Economy • Finance in India • Financial sector development • Financial stability • Financial Stability and Development Council • Great Recession • Ministry of Finance • Money • Non-bank financial institution
SBI becomes India’s first PSU bank to introduce comprehensive wealth business services for its clients
The State Bank of India (SBI) has become the India’s first PSU bank to introduce comprehensive wealth business services for its clients. The wealth hub was inaugurated by SBI Chairman Rajnish Kumar at the Lalbagh branch in Mangalore. The bank has re-branded its wealth business as “SBI Wealth” offering best-in-class personalised banking and investment services ..
The Reserve Bank of India (RBI) has kept all key policy rates unchanged in its fourth bi-monthly monetary policy review, which is recently announced on October 5, 2018. A six-member Monetary Policy Committee (MPC), headed by Governor Urjit Patel, decided to keep the repo rate unchanged at 6.5% and the reverse repo rate at 6.25%. ..