Reserve Bank of India Current Affairs, GK & News
SBI Research: Fuel Prices will Drop if Brought under GST
A State Bank of India’s report highlights that, the pan-India Prices of fuels will drop if the petrol and diesel are brought under the GST regime to ₹75 and ₹68 a litre, respectively. Highlights of the report SBI research further highlights that, if we assume the GST rate of 28%, cess of ₹30 and ₹20 ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Crude oil Imports • Goods and Services Tax (GST) • Prices of fuels • Reserve Bank of India • State Bank of India (SBI)
RBI to conduct OMO of ₹20,000 Crores
The Reserve Bank of India (RBI) have announced that it will purchase four government securities (G-Secs) that amounts to ₹20,000 crore. The central bank will purchase it on February 10, 2021 under the open market operations (OMOs). Highlights This move was announced in aftermath of the yields that was moving up to touch the intra-day ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: G-Sec Trading • Government Securities • OMOs • open market operations • Reserve Bank of India
India’s New Central Bank Digital Currency
The Reserve Bank of India (RBI) is in process of examining if India needs a new central bank digital currency (CBDC) and is exploring ways to operationalise the digital currency. Highlights The statement from the RBI has come in the light of gaining popularity of the private digital currencies, virtual currencies and cryptocurrencies. These currencies ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: Bitcoin • Central Bank Digital Currency • cryptocurrencies • Cryptocurrency • Cryptography • Reserve Bank of India
Payment Infrastructure Development Funds
The Reserve Bank of India recently announced operational guidelines to Payment Infrastructure Development Funds. The main aim of the funds is to deploy more digital payment infrastructure across tier-3 to tier-6 centres and in the north eastern states. What are the guidelines issued by RBI? The Central Bank has constituted an advisory council under the ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: Digital Banking • Digital Payment • Payment Infrastructure Development Fund • Reserve Bank of India • Reserve Bank of India (RBI)
Moody’s revises India 2020 GDP forecast to 8.9% contraction
Credit rating agency, Moody’s Investors Service has revised the Gross Domestic Product (GDP) forecast of India to -8.9 percent upwards for calendar year 2020 from the -9.6 percent contraction forecasted earlier. The agency forecasted in September 2020 that India’s GDP will contract by 9.6%. Other Key Points GDP forecast for calendar year 2021 for India ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs
Topics: Economic growth • GDP • Moody's • Reserve Bank of India