Page-43 of RBI
RBI extends deadline to exchange pre-2005 notes to June 30, 2016
Reserve Bank of India (RBI) has extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to June 30, 2016. From January 1, 2016 such facility for exchanging pre-2005 currency notes will only be available ..
Month: Current Affairs - December, 2015
RBI keeps repo rate unchanged in 5th bi-monthly monetary policy review
Reserve Bank of India (RBI) in its fifth bi-monthly monetary policy review has maintained status status quo in key policy interest rate. The key policy interest rates were kept unchanged on the basis of an assessment of the current and ..
Month: Current Affairs - December, 2015
Subir Gokaran appointed as Executive Director of IMF
Renowned economist Subir Gokaran has been appointed as an Executive Director on the board of the International Monetary Fund (IMF). Mr. Gokarn’s name was cleared by Appointments Committee of Cabinet (ACC) headed by Prime Minister Narendra Modi. He will replace ..
Month: Current Affairs - November, 2015
RBI Governor Raghuram Rajan appointed as Vice Chairman of BIS
Reserve Bank of India (RBI) Governor Raghuram Rajan has been appointed as vice chairman of the board of directors of the Bank for International Settlements (BIS). With this, he became the first Indian to be appointed to this position in ..
Month: Current Affairs - November, 2015
Economic affairs secretary Shaktikanta Das nominated on RBI Central Board
Union Government has nominated Economic Affairs Secretary Shaktikanta Das to the Central Board of Directors of the Reserve Bank of India (RBI). Mr. Dase is IAS officer of 1980 batch from of Tamil Nadu cadre. His nomination is effective from ..
Month: Current Affairs - October, 2015
RBI allows NRIs to subscribe to National Pension System
The Reserve Bank of India (RBI) has allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS) enabling them access old age income security. RBI has taken this decision in consultation with Union Government under the Prime Minister ..
Month: Current Affairs - October, 2015
RBI allows Indian corporate to issue offshore rupee-denominated bonds outside India
The Reserve Bank of India (RBI) has granted permission to the Indian corporate to issue offshore rupee-denominated bonds (Masala Bonds) outside India. In this regard, Union Government has considered the matter of taxation of income from such bonds under Income ..
Month: Current Affairs - October, 2015
RBI allows banks to fix interest rates on gold deposit scheme
Reserve Bank of India (RBI) has allowed banks to fix their own interest rates on gold deposits under the Gold Monetisation Scheme. In this regard RBI has issued guidelines mentioning Banks are free to set interest rate such as principal ..