Repurchase agreement Current Affairs, GK & News
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish economy as inflation remains in a comfortable zone. This is the 5th consecutive rate cut ..
Topics: Central bank • Economy • Finance • Finance in India • Inflation • Interest Rates • Monetary Policy • Monetary policy of India • Money • Official bank rate • Repurchase agreement • Reserve Bank of India
The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process. What is Export Credit Insurance? Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by ..
Category: Government Schemes Current Affairs
Topics: Credit • Economy • Export credit agencies • Export Credit Guarantee Corporation of India • Finance • Foreign trade of India • International finance • International Trade • Ministry of Commerce and Industry • Money • Repurchase agreement • Trade credit insurance
The Reserve Bank of India, in a recent announcement, has mandated the banks to link their lending rates for loans to an external benchmark. This has made it mandatory for the banks to pass on the benefits of rate cuts on the loans to the banks immediately. Significance of the RBI’s Announcement This is significant ..
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has recently announcement its 3rd bi-monthly Monetary Policy Statement for FY 20 (2019-20). In it, RBI reduced the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points (bps) from 5.75% to 5.40% with immediate effect. Consequently, the reverse repo ..
Topics: Bank of England • Bank rate • Economy • Finance • Finance in India • Interest Rates • Liquidity adjustment facility • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India
The discourse on the need to separate debt management and monetary policy is doing rounds for quite a time. The view was even endorsed by the committee on capital account convertibility in 1996 because of the possible conflict of interest between monetary policy and debt management. Why the issue went to backburner? When Bimal Jalan ..
Topics: Debt • Economy • Finance • Finance in India • Government debt • Greek government-debt crisis • Ministry of Finance • Monetary Policy • Money • PDMA • Public Debt Management Agency • RBI • Repurchase agreement • Reserve Bank of India • SEBI • Securities and Exchange Board of India