RBI Governor Current Affairs, GK & News

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 continue withdrawal of accommodative stance. According to MPC, inflation is likely to remain above 6 ..

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Urjit Patel – New Vice President of AIIB

Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel He was born in Kenya. In 2018, he resigned as RBI governor. His resignation came in as a shock to the country. He resigned after serving for ..

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President’s New Secretary: Former retd IAS officer Kapil Dev Tripathi

On April 20, 2020, the Former IAS officer Kapil Dev Tripathi was appointed as the new secretary to the President of India Shri Ram Nath Kovind. The Appointments Committee of the Cabinet approved his appointment for a term co-terminus with the tenure of the President. Appointment Committee of the Cabinet The Appointment Committee of the ..

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RBI: Cuts repo rate to 4.4%; CRR to 3%; 3-month moratorium allowed on all loans

On March 27, 2020, the Reserve Bank of India announced series of measures to counter economic slowdown caused due to COVID-19. The Central bank advanced its Monetary Policy Committee meet due to COVID-19 pandemic. This was the 7th Bi-Monthly Monetary Policy Statement of the RBI for the financial year 2019-20. The RBI measures introduced is ..

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15th Finance Commission to set up panel to examine fiscal and debt situation of Centre and States

The Fifteenth Finance Commission is to set up a panel soon, which will examine the fiscal and debt situation of the Centre and states. This panel is to be headed by the Chairman of the 15th Finance Commission N.K.Singh.  It will present a road map on the lines of the erstwhile Fiscal Responsibility and Budget ..

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RBI reduces repo rate by 35 basis points to 5.40%

Reserve Bank of India (RBI) in its third Bi-monthly Monetary Policy review for financial year 2019-20 has reduced its key policy rate (repo rate) by an unorthodox 35 basis points to 5.40%. This takes the benchmark lending rate to a nine-year low. It was overall fourth consecutive interest rate cut this year, bringing down repo ..

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