Page-30 of RBI
RBI replies to RTI regarding Demonetisation
The minutes of meeting which had approved the demonetisation of Rs 500 and Rs 1000 currency notes has been revealed through RTI. The government had contested that demonetisation would help curb black money and a steep rise in Rs 500 ..
Month: Current Affairs - March, 2019
Raghuram Rajan to Get Yashwantrao Chavan National Award
Raghuram Rajan, former governor of RBI has been chosen for the ‘Yashwantrao Chavan National Award 2018’ by Yashwantrao Chavan Prathisthan for his contribution to economic development. Raghuram Rajan will be presented with the award at the 106th birth anniversary of ..
Month: Current Affairs - March, 2019
RBI Eases Business Guidelines for White Label ATMs
The Reserve Bank of India (RBI) has eased business guidelines for white label ATMs. These new guidelines increase the avenues of revenue earning for the white label ATMs. What are White Label ATMs? Automated Teller Machines (ATMs) set up, owned ..
Month: Current Affairs - March, 2019
RBI Notifies Norms for 2% Interest Subsidy Scheme for Short-term Crop Loans
The Reserve Bank of India (RBI) has notified the norms for banks with regards to two per cent interest subvention or subsidy for short-term crop loans during 2018-19 and 2019-20 under the interest subvention scheme approved by the central government. ..
Month: Current Affairs - March, 2019
RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations
The Reserve Bank of India (RBI) has imposed a fine of 8 crores on 3 banks viz. Karnataka Bank, United Bank of India and Karur Vysya Bank for non-compliance of directions on Swift messaging software. A fine of 4 crores was ..
Month: Current Affairs - March, 2019
CSO Data on Q3 GDP
The Central Statistical Office (CSO) has released the data about the GDP for the third quarter. The important facts from the data are: Indian economy decelerated at a faster pace than anticipated in the third quarter of 2018-19 to 6.6%. ..