Page-13 of Reserve Bank of India
G-sec acquisition programme – G-SAP 1.0
The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). The first purchase of Rs ..
Month: Current Affairs - April, 2021
What is RXIL?
RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores ..
Month: Current Affairs - April, 2021
RBI: RTGS could be Expanded Beyond India
Governor of Reserve Bank of India, Shaktikanta Das, while speaking at 7th edition of India Economic Conclave has called for effective regulation which should help innovation in fintech space. Highlights According to RBI Governor, Real-Time Gross Settlement (RTGS) has multi-currency ..
Month: Current Affairs - March, 2021
SC waives Interest in Loan Moratorium Scheme
The Supreme Court of India has refused to interfere with the decision of the government and Reserve Bank of India (RBI) on the loan moratorium scheme declining to extend moratorium period of six-months. Highlights The supreme court has also highlighted ..
Month: Current Affairs - March, 2021
RBI imposes Rs 2 crore penalty on SBI
The Reserve Bank of India (RBI) has announced on March 16, 2021 that it has fined India’s largest lending bank “State Bank of India (SBI)” with Rs 2 crore after it failed to follow the regulations in payment of remuneration ..
Month: Current Affairs - March, 2021
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 ..