Page-11 of RBI
RBI Syncs Financial Year with the Fiscal Year
On February 15, 2020, the board of Reserve Bank of India (RBI) decided to sync the Financial year of the bank with the Fiscal Year. The Fiscal Year begins in April and ends in March and the Financial year is ..
Month: Current Affairs - February, 2020
RBI to release Digital Payment Index by July 2020
The Reserve Bank of India announced that it will create a Digital Payment Index by July 2020. The main aim of the index creation is to capture the extent of digitization of monetary payments in the country Highlights With the ..
Month: Current Affairs - February, 2020
RBI releases bi-monthly policy: Repo rate unchanged
On February 6, 2020, the Reserve Bank of India released its bi-monthly monetary policy. The apex bank has kept the policy repo rate unchanged. It remains at 5.15%. Observations of the Committee The Monetary Policy Committee that meets once in ..
Month: Current Affairs - February, 2020
Cabinet approves amendment to bring Cooperative Banks under RBI Regulation
On February 5, 2020, the Union Cabinet approved to bring regulation of cooperative banks under Reserve Bank of India. In order to achieve this, the Cabinet approved amendments to Banking regulation act. Highlights According to the amendment, the cooperative banks ..
Month: Current Affairs - February, 2020
Budget 2020: Financial Sector
The Budget 2020-21 has been framed on the basis that Governance and Finances are the two major hands in achieving the three themes of the budget. The three themes include aspirational India, Economic Development and Caring India The Budget has ..
Month: Current Affairs - February, 2020
Retail Inflation at 5-year high of 7.35% in December, 2019
According to the data released by Ministry of Statistics and Programme Implementation on January 13, 2020, the food inflation increased to 14.12% in December 2019 as compared to 10.01% in November 2019. The CPI (consumer Price Index) rose to 7.35% ..
Month: Current Affairs - January, 2020
India’s Foreign Exchange touches all time high of 457.468 billion USD
RBI announced that Foreign Exchange Reserves of India has swelled by 2.52 billion USD in the week that ended on December 27, 2019. The Central Bank also said that the country’s special drawing rights with the IMF (International Monetary Fund) ..
Month: Current Affairs - January, 2020
GoI misses its disinvestment target
Government of India misses its disinvestment target as the plan to sell Bharat Petroleum Corporation Limited (BPCL), Air India and Container Corporation of India has not been succeeded. Highlights The Government had planned to sell 53.3% of BPCL, 31% of ..