Monetary Policy Committee (MPC)
Single-block-and-multiple debit in UPI
At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
RBI Monetary Policy Committee Meeting – Highlights
The MPC has lowered the GDP forecast and increased the repo rate by 50 basis points. Key Highlights The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points to 5.90 per cent, which is a ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs
RBI Monetary policy committee (MPC) Meeting- Highlights
The Monetary Policy Committee (MPC) held meeting on August 5, 2022. On the basis of assessment of current and evolving macroeconomic situation, MPC has decided to: Hike policy repo rate by 50 basis points, under liquidity adjustment facility (LAF). Repo ..
Month: Current Affairs - August, 2022
Category: Economy & Banking Current Affairs
RBI Monetary Policy Review- Highlights
Monetary Policy Committee (MPC) of the Reserve Bank of India, recently decided to increase the Policy Repo Rate by 50 basis points to 4.9 per cent in June 2022. Key Facts MPC members voted unanimously to increase rates and to ..
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs
RBI Monetary Policy Update
On February 10, 2022, RBI’s Monetary Policy Committee (MPC) kept key interest rates unchanged. It retained the accommodative stance in its first policy after Union Budget 2022. Key Facts This is the tenth consecutive time that, MPC has maintained the ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
India’s Retail Inflation in December 2021
The retail inflation in India increased to 5.59% in December 2021. This is the highest in the last five months. The inflation data was released by the Ministry of Statistics and Programme Implementation. About the increase in retail inflation The ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
RBI Monetary Policy 2021
Reserve Bank of India (RBI) Unveiled its bi-monthly monetary policy and has kept the interest rates unchanged. Highlights Monetary policy opened a Rs 15,000-crore liquidity window for contact-intensive sectors such as hotels and tourism. On the liquidity front, it announced ..
Month: Current Affairs - June, 2021
T Rabi Sankar named RBI deputy governor
The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. About T Rabi Shankar T Rabi Shankar is in charge of fintech, payment system, risk management and information technology at the Apex Bank. He has succeeded ..
Month: Current Affairs - May, 2021
Sudarshan Sen Committee of RBI
The Reserve Bank of India recently set up a committee to study about the Asset Reconstruction Companies (ARC) in the country. The committee will evaluate the role of ARCs in debt resolution and will review their business model. About the ..
Month: Current Affairs - April, 2021
RBI’s Report on Currency and Finance 2020-21
A Currency and Finance (RCF) report by Reserve Bank of India (RBI) official has recommended that, the time span that was considered to measure whether monetary policy-setting panel has failed in achieving its objectives or not should be of four ..