Reserve Bank of India (RBI) hikes key policy repo rate by 25 basis points

On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked the key policy repo rate by 25 basis points to 6.25% in its second bi-monthly monetary policy review of FY19. Concurrently, the reverse ..

RBI to set up Public Credit Registry (PCR) to check loan defaults

In a bid to check loan defaults, the Reserve Bank of India (RBI) has considered the recommendations of YM Deosthalee-headed High Level Task Force and will set up a Public Credit Registry (PCR) in a modular and phased manner. The ..

Latest report of Moody’s Investors Service projects GDP growth forecast to 7.3% in 2018

The latest report of Moody’s Investors Service has cut India’s GDP growth forecast to 7.3% in 2018 from the previous estimate of 7.5% due to higher oil prices and tighter financial conditions. However, Moody’s maintained its 2019 growth forecast at ..

Telangana announces a unique scheme to provide life insurance of up to Rs 5 lakh per farmer in state

The Telangana government has announced a unique life insurance scheme for farmers. Under the scheme, the government will provide life insurance facility of Rs 5 lakh to the nominee, after the death of the insured farmer. The entire premium will ..

Month: Current Affairs - December, 2020

Multi Commodity Exchange of India platform launches India’s first options contract on copper futures

The Multi Commodity Exchange of India Ltd. (MCX) has launched the India’s first options contract on copper futures on May 21, 2018. The option contract will provide physical market participants an additional instrument to hedge their risk. Currently, June, August ..

Claim Ratio under National Health Protection Mission

Claim ratio is calculated as the total value of all claims paid by the company divided by the total amount of premium collected in a financial year. A claim ratio of 75-90 is usually thought to be an indicator of ..

Global Findex database, 2017 [Key Findings]

At the time the governments pet project Aadhaar is facing huge criticisms, a respite has come from the World Bank in its global Finindex database 2017. The World Banks observations in its Global Findex database 2017 related to financial inclusion ..

Prompt Corrective Action framework developed by NABARD for RRBs

The National Bank of Agriculture and Rural Development (NABARD) has come out with a ‘Prompt Corrective Action (PCA) Framework’ framework for regional rural banks (RRBs). This is similar to the one unveiled by RBI for schedule commercial banks. This framework ..