The Finance Minister Nirmala Sitaraman recently allowed five states to raise additional financial resources of Rs 9,913 crores such as Telangana, Andhra Pradesh, Karnataka, Tripura and Goa. Highlights The states were granted permission as they have successfully implemented One Nation One Card System. The Central Government has been helping the states largely post pandemic. COVID-19 ..
Government Securities: GK, General Studies and Current Affairs
The Reserve Bank of India (RBI) have decided to conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore. Key Facts Simultaneous purchase and sale of government securities under OMOs is known as Operation Twist. Under the operation, the short-term securities are transitioned into long term securities. ..
In February, India’s holdings of US government securities reached 177.5 billion USD- an increase of 33.2 billion USD in one year. Top Countries Holding US Government Securities The US Treasury Department had released data on foreign holdings of its government securities on a country-wise basis. Japan is the largest holder of its securities (1.268 trillion USD). ..