G-20 Debt Service Suspension Initiative: Key Facts

On October 1, 2020, the officials of the International Monetary Fund (IMF) called for the extension of G20 Debt Service Suspension initiative till the end of 2021. What is Debt Service Suspension Initiative? The DSSI means that for a limited period of time, the debt service payment from poorest countries are suspended upon the request ..

Month: Current Affairs - October, 2020

Category: Economy & Banking Current Affairs • International Current Affairs

Topics: Debt Service Suspension Initiative • G-20 • India-Myanmar • International Monetary Fund (IMF) • liquidity • Liquidity crisis • low income countries • middle income countries • World Bank

BSE and IIT Alumni sign pact: To encourage startups listing

On July 13, 2020, the Bombay Stock Exchange (BSE) and IIT Alumni Council signed a pact to encourage listing of startups. The pact will help to develop high investor depth platform for startup companies. The platform is to be developed using Artificial Intelligence and other technologies. Highlights The newly formed pact will provide end-to-end ecosystem ..

Month: Current Affairs - July, 2020

Category: Economy & Banking Current Affairs

Topics: BSE • IIT • liquidity • Startups • Stock exchanges

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 mutual funds. Highlights The Special Liquidity Facility for Mutual Funds (SLF-MF) is to conduct repo ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Annual Financial Statement • Investment • liquidity • Loan • Mutual Funds • RBI • Repo Rate • Security

CBDT releases relief funds to MSME

The Central Board of Direct Taxes (CBDT) issued Rs 5,204 cores as relief funds to MSME (Micro Medium and Small Enterprises) sector. Around 8.2 lakh small businesses have received Income Tax Refunds so far. Highlights In the last 10 days, CBDT issued Rs 5,204 crores as Income Tax refunds. The funds were issued to help ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: CBDT • Central Board of Direct Taxes (CBDT) • COVID-19 • liquidity • MSME • Tax

RBI cuts Reverse Repo rate to 3.75%, Rs 50,000 crores for LTRO 2.0

On April 17, 2020, the Reserve Bank of India announced a slew of measures after GoI extended the lock down till May 3, 3030. The Apex bank cut the reverse repo rate to 3.75%. It cut the repo rate to 4.4% from 5.15%. Also, the central bank has announced Rs 50,000 crore for Long Term ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Current Repo Rate • Current Reverse Repo Rate • extension of lock down • liquidity • Microfinance • NBFC • RBI • Repo Rate • Reverse Repo Rate