Financial year Current Affairs, GK & News

RBI Board recommends aligning of accounting year with fiscal year from 2020-21

The current accounting year of the Reserve Bank of India (RBI) is July-June. Recently, the Central Board of Directors of the RBI recommended to align the accounting year of RBI with the financial year of the government (April-March), from 2020-21. The RBI board announced this proposal at its 582nd meeting and approved to forward the proposal ..

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RBI to conduct ‘Operation Twist’

The Reserve Bank of India (RBI) under the open market operations has announced a simultaneous sale and purchase of the government bonds. This will be the first time in the country that the government bonds will be on simultaneous sale and purchase, the entire mechanism will be in line with an operation adopted by the ..

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Revenue from satellites launched by ISRO under commercial agreements

The Union Minister of State(Independent Charge) Development of North-Eastern Region and Minister of State for Personnel, Public Grievance and Pensions, and Minister of State for Atomic Energy and Space, Dr. Jitedra Singh in a written reply to a question at Rajya Sabha on Thursday, 12th December 2019 informed that the India Space Research Organisation (ISRO) ..

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First Time India’s Forex Reserves crosses USD 450 billion

India’s foreign exchange reserves have crossed the USD 450 billion mark for the first time on 3rd December 2019. The Reserve Bank of India Governor, Shaktikant Das in a press conference informed that the foreign exchange reserves hit a new high on 3rd December 2019 were at USD 451.7 billion. This financial year the foreign ..

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