RBI Monetary Policy Committee Meeting: Key Highlights

The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate ..

Month: Current Affairs - December, 2020

RBI Monetary Policy Committee meet

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 ..

Month: Current Affairs - October, 2020

GoI appoints Monetary Policy Committee Members

On October 5, 2020, the Government of India appointed economists Jayant R Varma, Shashank Bhide and Ashima Goyal as members of Monetary Policy Committee (MPC). Their appointments were cleared by the Appointment Committee of the Cabinet chaired by PM Modi. ..

Month: Current Affairs - October, 2020

RBI keeps Repo Rate Unchanged at 4%

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the Repo Rate unchanged during the bi-monthly policy review of the apex bank. The MPC is headed by Shaktikanta Das, the Governor of the RBI. The ..

Month: Current Affairs - August, 2020

Monetary Policy Committee meets: Repo rate reduces to 4%

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo ..

Month: Current Affairs - May, 2020

Group of Ministers submitted draft proposal on Employment and Skill Development

The Group of Ministers Committee formed under the leadership of Social Justice and Empowerment Minister recently submitted its draft proposals on employment and skill development. Proposals made The following proposals were made by the draft The draft has proposed “The ..

Month: Current Affairs - May, 2020