Page-19 of Economy & Banking Current Affairs

RBI State of the Economy Report (March 2024)

March 20, 2024

The Reserve Bank of India (RBI) released its ‘State of the Economy’ report in March 2024, providing insights into the country’s economic performance and outlook. The report, authored by RBI staffers, including Deputy Governor M D Patra, highlighted the need ..

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Electoral Bonds Data

March 16, 2024

The Election Commission of India (ECI) has released detailed data on electoral bonds, following a directive from the Supreme Court. The information, sourced from the State Bank of India (SBI), sheds light on the major purchasers of electoral bonds and ..

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India’s Retail Inflation Eases to 5.09% in February 2024

March 15, 2024

India’s consumer price index (CPI)-based inflation eased to 5.09 percent in February 2024, according to data released by the Ministry of Statistics and Programme Implementation. Inflation Remains Within RBI’s Tolerance Range The retail inflation rate had previously eased to 5.1 ..

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India Signs Free Trade Agreement with EFTA Bloc

March 11, 2024

Recently, India signed a landmark free trade agreement (FTA) with the European Free Trade Association (EFTA), a bloc consisting of Switzerland, Norway, Liechtenstein, and Iceland. The Trade and Economic Partnership Agreement (TEPA) is expected to boost economic growth, create job ..

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India Extends RoDTEP Scheme to Boost Exports

March 11, 2024

In a significant move to bolster India’s exports amidst global economic uncertainties and supply chain disruptions, the government has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to companies in Special Economic Zones (SEZs), Export-Oriented Units ..

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Government to Divest 7% Stake in NLC India

March 8, 2024

The Government of India is set to offload a 7% stake in state-run lignite producer NLC India Ltd. through the offer-for-sale (OFS) route, which includes a green shoe option of 2%. The OFS is expected to rake in approximately ₹2,058 ..

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RBI Directs Card Issuers to Provide Multiple Network Options 

March 7, 2024

In a significant move to promote customer choice and fair competition, the Reserve Bank of India (RBI) has issued directions to card issuers, instructing them not to enter into any arrangement or agreement with card networks that restrain them from ..

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RBI Pushes for Rupee Payments in Oil Imports

March 6, 2024

 The Reserve Bank of India (RBI) has instructed India’s major state-owned refiners to press Persian Gulf oil suppliers to accept at least 10% of oil payments in rupees in the upcoming financial year. This move is aimed at promoting the ..

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