CRISIL cuts India’s GDP forecast to 9.5% from 11%

Ratings agency, CRISIL, has cut India’s gross domestic product (GDP) growth forecast from 11 percent to 9.5 percent for fiscal year 2021-2022. Highlights Downward forecast reflects that second covid-19 has hit two engines of growth private consumption and investment. It ..

Month: Current Affairs - June, 2021

RBI Monetary Policy 2021

Reserve Bank of India (RBI) Unveiled its bi-monthly monetary policy and has kept the interest rates unchanged. Highlights Monetary policy opened a Rs 15,000-crore liquidity window for contact-intensive sectors such as hotels and tourism. On the liquidity front, it announced ..

Month: Current Affairs - June, 2021

RBI Annual Report-2021

Reserve Bank of India (RBI) published its annual report and highlights “asset quality of banks and their preparedness requires close monitoring for higher provisioning for upcoming quarters. Background RBI in its semi-annual financial stability report earlier highlighted, bad loan ratio ..

Month: Current Affairs - May, 2021

Merger of DCCBs with StCBs

Reserve Bank of India will consider merger of District Central Co-operative Banks (DCCBs) with State Cooperative Banks (StCBs) if the concerned state government will make any proposal. Highlights RBI has notified the guidelines for merging DCCBs with StCBs as two-tier ..

Month: Current Affairs - May, 2021

RBI announces Second Tranche of purchase under G-SAP 1.0

The Reserve Bank of India recently announced that the second tranche of open market purchase of Government Securities is to be held on May 20, 2021. This is to be held under G-Sec Acquisition Programme. This second tranche is to ..

Month: Current Affairs - May, 2021

RBI to conduct first SLTRO for small finance banks

The Reserve Bank of India recently announced that it is to conduct the first Special Long Term Repo Operation (SLTRO) of Rs 10,000 crores for Small Finance Banks. What is the plan? The RBI will conduct the SLTRO for each ..

Month: Current Affairs - May, 2021

RBI sets up Committee to assist RRA 2.0

The Reserve Bank of India recently constituted a Committee under the Managing Director S Janaki Raman. The committee is to assist the second Regulatory Review Authority. About the Committee The committee will assist the authority to identify areas, guidelines, regulations ..

Month: Current Affairs - May, 2021

RBI measures to boost economy

The Reserve Bank of India recently launched a host of measures to protect individual borrowers and the small and medium enterprises in the country. What are the measures announced? RBI has opened on-tap liquidity window of Rs 50,000 crores at ..

Month: Current Affairs - May, 2021

S&P cuts India’s GDP growth forecast to 9.8% for FY22

The US based rating Agency S and P recently cut the growth forecast of India to 9.8% for 2021-22. In March 2021, the agency expected 11% GDP growth in the country. According to the agency, the second wave might derail ..

Month: Current Affairs - May, 2021

RBI’s second purchase under G-SAP 1.0

The Governor of Reserve Bank of India Shaktikanta Das recently announced that the apex bank will make the second purchase of Government securities under the G-Sec Acquisition Programme 1.0 on May 20, 2021. The first purchase was made in April ..

Month: Current Affairs - May, 2021