Topic: Monetary reform
RBI’s Surplus Transfer
The Reserve Bank of India has transferred a surplus of Rs. 1.76 lakh crores to the Indian Government. This payment, which is equal to 1.25% of the Indian...RBI decides to inject liquidity via forex swaps
The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity...Marshall Islands to become world’s first country to issue digital legal tender “Sovereign”
The Republic of the Marshall Islands (RMI) will become the first sovereign nation to issue a cryptocurrency that will be legal tender. The new currency is called “Sovereign”...India’s GDP growth rate forecast for year 2018 is 7.6%
Moody’s Investors Service has recently estimated India’s GDP growth forecast for year 2018 & 2019. In it, it has kept the GDP growth forecast for India in the...
RBI revises Market Stabilisation Scheme (MSS), raises ceiling to Rs. 6L crore
In a major move to deal with extra liquidity created in the system due to the demonetisation drive, the Central government as per the directions of the Reserve...
