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GoI discontinues 7.75% savings bonds
The Reserve Bank of India recently announced that the Government of India has discontinued 7.75% savings bonds. Highlights The 7.75% savings bonds that are also called government bonds or RBI bons were issued in 2018. They were available for the ..
Month: Current Affairs - June, 2020
Rs 20 Lakh crore Economic Package: MSME, EPF, NBFC, MFI, Real Estate Benefited
The Government of India had earlier launched Pradhan Mantri Garib Kalyan Yojana. Under which Rs 1.7 lakh crore was allocated. The Lock Down 4.0 that is to be launched on May 18, 2020 will operate under Atma Nirbhar Bharat Abhiyan. ..
Month: Current Affairs - May, 2020
National Land Management Corporation recommended by National Infrastructure Pipeline Task Force
The Task Force on National Infrastructure Pipeline recently submitted its report to the Finance Minister Smt Nirmala Sitaraman. Under the report, the task force has recommended to set up National Land Management Corporation. Highlights The National Land Management Corporation will ..
Month: Current Affairs - May, 2020
RBI announces Special Liquidity Mutual Funds worth Rs 50,000 crores
On April 27, 2020, the Reserve Bank of India announced the special liquidity facility for mutual funds of Rs 50,000 crores. The Reserve Bank of India is increasing liquidity flow in capital markets as COVID-19 has imposed liquidity strains on ..
Month: Current Affairs - April, 2020
Cabinet Approval: Foreign Direct Investment Policy on Civil Aviation
On March 4, 2020, the Union Cabinet under PM Modi cleared the Foreign Direct Investment Policy on Civil Aviation. According to the policy, 100% FDI is permitted in the air transport services. Earlier only 49% was available for sale to ..
Month: Current Affairs - March, 2020
Andhra Pradesh attracted the highest project investments in 2018-19
According to a recent study by the Reserve Bank of India (RBI), Andhra Pradesh topped the list of states which attracted the highest project investments in 2018-19. Maharashtra, which was the topper of last year, missed its top spot in ..