Current Affairs

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Definition of 'control' in relation to FDI notified by RBI

The Reserve Bank of India notified the definition of term ‘control’ in the context of Foreign Direct Investment (FDI)...

📅 September 16, 2013

Union Cabinet’s nod to RBI for buying $4.3 bn World Bank bonds

The Reserve Bank of India (RBI) was given nod by the Union Cabinet to invest $4.3 billion in...

📅 September 16, 2013

ATMs, PoS machines to scan UID biometrics

The RBI is understood to be preparing a directive for banks to introduce additional facilities in all new...

📅 September 14, 2013

RBI asks banks to consider using business correspondents to distribute currency

In the backdrop of growing currency demands, the RBI, in a notification, asked banks to explore the possibility...

📅 September 12, 2013

RBI notifies norms for banks to swap overseas borrowings

The Reserve Bank of India, in a notification, said that banks can raise funds overseas above 50% of...

📅 September 12, 2013

OMCs seek compensation in case of loss through RBI’s currency swap window

Oil Marketing Companies (OMCs) are not content with RBI’s currency swap facility through which it sells and buys...

📅 September 11, 2013

RBI notifies norms for currency swap window

RBI has notified norms for currency swap window. As per the notification, the swap facility will be available...

📅 September 9, 2013

ECB keeps key rate unchanged at 0.5%

The 23-member governing council of European Central Bank has left its benchmark interest rate unaltered at a record...

📅 September 6, 2013

RBI allows companies to use ECB for general corporate purposes

In a bid to attract capital flows, the RBI relaxed the External Commercial Borrowing (ECB) norms by permitting...

📅 September 5, 2013

Lok Sabha passes PFRDA Bill 2011

The Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 which aims to regulate the New Pension System (NPS)...

📅 September 5, 2013

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