Shaktikanta Das Current Affairs, GK & News

India’s Forex reserves touch all-time high of $612.73 billion

In the week ended 16th July, India’s foreign exchange reserves rose by $835 million to touch a record high margin of $612.73 billion. In the week ended 9th July the reserves had surged to $611.895 billion from $1.883 billion.   Highlights The increase in Forex reserves was due to the rise in foreign currency assets ..

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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 2021. The RBI purchased Rs 25,000 crores of Government Securities during the first purchase. What ..

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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 capabilities. So, there is scope to explore if it can be expanded beyond India. He ..

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RBI to create a ‘Specialised Supervisory and Regulatory Cadre’

The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialised Supervisory and Regulatory Cadre’ within the RBI. Key Highlights About: The decision to create a Specialised Supervisory and Regulatory Cadre within the RBI was taken at the recent two-day meeting of Reserve Bank of India’s (RBI’s) Central Board which was held ..

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Nilekani Panel on Digital Payments submits report to RBI

The Reserve Bank of India (RBI) appointed committee on ‘suggestions on promoting digital payment’ has submitted its report to RBI Governor Shaktikanta Das. The committee was headed by Nandan Nilekani, also known as Aadhaar Architect. Key Highlights Background: In January 2019 RBI had set up a five-member panel headed by Nilekani, on deepening digital payments ..

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