Page-7 of Reserve Bank of India Current Affairs, GK & News
RBI releases International Investment Position
On June 30, 2020, Reserve Bank of India released its data on International Investment Position, IIP. Highlights According to the data, the direct investment in the country rose by 19 billion USD and the portfolio investment declined by 13.7 billion USD. Also, the international financial assets of Indian residents have increased by 73.9 billion USD. ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
Topics: Currency • Currency intervention • foreign aid • Foreign Investment • International Investment Position (IIP) • Reserve Bank of India
Lifetime Achievement Award to Ex-RBI Governor Rangarajan
On June 29, 2020, former RBI Governor C Rangarajan was conferred with lifetime achievement award for his contributions. The award was presented on the side lines of celebration of Statistics Day. About C Rangarajan Rangarajan was born in 1932. He was the 19th governor of Reserve Bank of India (RBI). He served as Deputy Governor ..
Month: Current Affairs - June, 2020
Category: Awards, Persons & Places in News
Topics: Below Poverty Line • C. Rangarajan • Economic Advisory Council • Finance Commission • Measuring poverty • National Statistics Day • NITI Aayog • Rangarajan • Rangarajan Commission • Reserve Bank of India
GoI introduces Floating Rate Savings Bonds
On June 26, 2020, the Government of India introduced Floating Rate Savings Bonds. Highlights The bond is to replace savings bonds that were offered by GoI till May 28, 2020. The operational guidelines and the details of the bond are to be issued by the Reserve Bank of India. The bonds are to be available ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
Topics: floating rate • Reserve Bank of India • savings bond • State Bank of India • Yield curve
Cooperative Banks brought under RBI
On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. Apart from these, India also holds 58 multi-state cooperative banks. These banks together support 8.6 ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
Topics: Banking Regulation Act • budget 2020-21 • Cooperative banking • Cooperative Banks • Nirmala Sitharaman • Ordinance • PMC bank • Reserve Bank of India • Union Cabinet
Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs
This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as Distressed Assets Fund- Sub- Ordinate Debt for MSMEs. Union Minister of Medium, Small and Marginal ..
Month: Current Affairs - June, 2020
Category: Government Schemes Current Affairs
Topics: Atmanirbhar Bharat • Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) • MSME sector • MSMEs • Nitin Gadkari • Reserve Bank of India • SIDBI