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CII Business Confidence Index
The Confederation of Indian Industry (CII) has reported that the latest CII Business Confidence Index for the October-December quarter rebounded to its highest reading in almost two years, with a value of 67.6. This is an increase from 62.2 in ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
Kerala Becomes Country’s First Fully Digital Banking State
Kerala has become the first state in India to enable digital banking in all eligible accounts. According to the State-Level Bankers’ Committee (SLBC), the state now has at least one product enabled digitally in 3.76 crore accounts. The state government, ..
Month: Current Affairs - January, 2023
Category: India Nation & States Current Affairs
RBI Releases Annual Report on Ombudsman Schemes
The Reserve Bank of India (RBI) has released its annual report on the “consumer education and protection activities” carried out during the 2021-2022 financial year as part of its Ombudsman Schemes. The report covers the activities of the three ombudsman ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
RBI’s Launch of Utkarsh 2.0
The Reserve Bank of India (RBI) has launched Utkarsh 2.0, the second phase of its medium-term strategy for strengthening regulatory and supervisory mechanisms. Utkarsh 2.0 builds upon the foundation laid by Utkarsh 2022, which was launched in July 2019 and ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
RBI norms for import of Gold
The Reserve Bank of India (RBI) introduced norms for facilitating the physical import of gold through India International Bullion Exchange (IIBX) or any authorized exchange by Qualified Jewellers in India. The exchange should be authorized by the International Financial Services ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
RBI surplus transfer to government – Update (May, 2022)
The Reserve Bank of India (RBI) board recently approved the transfer of ₹30,307 crores to the central government for the financial year 2021-22. This is the lowest dividend in ten years. The huge investments of RBI in reverse repo operations ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
RBI: Cardless cash withdrawal facilities at all ATMs
The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less Cash Withdrawal (ICCW) across all ATMs in the country. How does this ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
Record Fall of Indian Rupee
On May 9th Indian Rupee fell to its all-time low against the US Dollar, closing at 77.50 per USD. Why did the value of the Indian Rupee fall? Due to rising inflation, US Federal Reserve increased the interest rate. This ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
RBI Monetary Policy Committee Announcements – Update (May, 2022)
Recently, the Monetary Policy Committee (MPC) held an unscheduled meeting and made some important announcements. What are the announcements? The MPC unanimously decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
New Member of Monetary Policy Committee (MPC)
The Reserve Bank of India’s (RBI) central board gave its approval to appoint Rajiv Ranjan as an ex-officio member of the RBI’s monetary policy committee. Who is Rajiv Ranjan and he is replacing whom? Mridul Saggar is being replaced by ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs