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RBI announces Special Liquidity Mutual Funds worth Rs 50,000 crores
On April 27, 2020, the Reserve Bank of India announced the special liquidity facility for mutual funds of Rs 50,000 crores. The Reserve Bank of India is increasing liquidity flow in capital markets as COVID-19 has imposed liquidity strains on ..
Month: Current Affairs - April, 2020
Ways and Means Advances
The RBI announced a 60% increase in WMA limit over the March levels for state governments to enable COVID-19 containment and mitigation efforts and plan their market borrowings. About WMA Ways and Means Advances or WMA is a mechanism used ..
RBI cuts Reverse Repo rate to 3.75%, Rs 50,000 crores for LTRO 2.0
On April 17, 2020, the Reserve Bank of India announced a slew of measures after GoI extended the lock down till May 3, 3030. The Apex bank cut the reverse repo rate to 3.75%. It cut the repo rate to ..
Month: Current Affairs - April, 2020
RBI launches OBICUS
On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March. Highlights The Capacity Utilisation declined to 68.6% from 69.1%. What is OBICUS ..
Month: Current Affairs - April, 2020
India attends G20 Finance Ministerial Meeting
On April 15, 2020, Finance Minister Nirmala Sitaraman attended G20 Finance Minister meet. The Minister shared the policy measures being implemented by the Government of India and RBI. Action Plan The outcome of the virtual financial ministerial meet is as ..
Month: Current Affairs - April, 2020
What is Helicopter Money being suggested by World Experts?
With the increasing economic crisis, Helicopter Money is a solution being suggested by economic specialists all over the world. What is Helicopter Money? Helicopter Money was the term framed by an American Economist Milton Friedman. Helicopter Money is the monetary ..
Month: Current Affairs - April, 2020
RBI and Finance Ministry to meet to decide on First Half Borrowing Plan
The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is ..
Month: Current Affairs - March, 2020
RBI approves Mega Bank Consolidation Plan
The Reserve Bank of India is to implement a merger plan of 10 state-run banks into 4 larger banks from April 1, 2020. The Amalgamation of the banks had been notified by the GoI earlier of March 2020. Amalgamation Plan ..