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Arun Jaitley to chair 17th meeting of Financial Stability and Development Council (FSDC) was held
Arun Jaitley, the Union Finance Minister, has chaired the 17th meeting of the Financial Stability and Development Council (FSDC) in New Delhi on August 22, 2017. The Council discussed the issues and challenges facing the Indian economy and stressed the ..
RBI keeps repo rate unchanged in first monetary policy review of 2017-18
The Reserve Bank of India (RBI) in its first bimonthly monetary policy review of the financial year 2017-18, has kept the key policy rate, the repo rate unchanged, but raised reverse repo rate by 25 bps to 6%, from 5.75%. ..
Month: Current Affairs - April, 2017
RBI keeps key rates unchanged in 6th bi-monthly monetary policy review
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) headed by RBI Governor Urjit Patel has kept the key policy rates unchanged. It was central bank’s sixth bi-monthly and last policy for the financial year 2016-17 and ..
Month: Current Affairs - February, 2017
RBI keeps key rates unchanged in fifth bi-monthly monetary policy review
The Reserve bank of India (RBI) in its fifth bi-monthly monetary policy review for year 2016-17 has kept key rates unchanged. Decision in this regard was taken by RBI’s six-member Monetary Policy Committee (MPC) headed by Governor Urjit Patel. This decision ..
Month: Current Affairs - December, 2016
RBI cuts repo rate by 25 bps in 4th Bi-monthly Monetary Policy Statement
The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review for year 2016-17 has cut the repo rate by 25 basis points to 6.25%. This monetary policy decision was taken by the newly constituted Monetary Policy Committee ..
Month: Current Affairs - October, 2016
Urjit Patel appointed as 24th Governor of RBI
Union Government has appointed Urjit Patel (52) as new Governor of Reserve Bank of India (RBI). He will be 24th Governor of RBI He will have tenure of three years and shall succeed Raghuram Rajan. Prior to this appointment (elevation) ..