RBI: Current Affairs, GK & News - 2020-2021

RBI Monetary Policy Committee meet

Published: October 9, 2020

The newly formed Monetary Policy Committee held its meeting between October 7, 2020 and October 9, 2020. The Government of India recently appointed its members. They were economists Jayant R Varma, Shashank Bhide and Ashima Goyal. Also, the Government of India recently appointed Rajeshwar Rao as the Deputy Governor of RBI. Highlights The repo was ..

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What is Digital Payment Index?

Published: September 10, 2020

The Reserve Bank of India (RBI) announced on September 10, 2020 that a Digital Payments Index (DPI) will be launched. The index will assess and capture the extent of digitalisation of payments effectively. Key Points The DPI will be based on multiple parameters It is going to assess accurately about the penetration and deepening of ..

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Is ‘Disaster Management Act’ related to Extension of Loan Moratorium?

Published: August 28, 2020

The Supreme Court of India asked the central government to clarify its position on the issue of interest being charged on the installment of loan repayments amid the lockdown. Earlier, by mentioning the power of the center under the Disaster Management Act, the apex court had asked the same to review the issue of charging ..

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What is the objective of RBI’s new 20000 cr-special OMO?

Published: August 27, 2020

In a recent announcement, the Reserve Bank of India declared its intention to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation is an activity of the central bank that is associated ..

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What is the special OMO which has been launched by the RBI? How does it impact the economy?

Published: August 25, 2020

The Reserve Bank of India recently declared that it is going to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation (OMO) is the activity of the central bank that is associated ..

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