RBI lowers repo rate by 35 basis points to 5.40%
The Reserve Bank of India’s (RBI) monetary policy committee (MPC) has lowered its repo rate by 35 basis points to 5.4%.Repo stands for ‘Repurchasing Option’.It refers to the rate at …
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Explained: Why RBI’s monetary policy matters
The Monetary Policy Committee of the RBI has decided to cut the repo rate by 35 basis points to 5.4%. The monetary policy is important as any economic activity which …
Read MoreRBI allows round-the-clock fund transfers under NEFT from December
The Reserve Bank of India(RBI) has announced that the National Electronic Funds Transfer(NEFT) systems would be available on a 24×7 basis from December 2019. At present,the NEFT payment system operated …
Read MoreBanks’ exposure limits, lending norms eased for stressed NBFCs
The Reserve Bank of India (RBI) has announced several measures to enhance credit flow to the cash-starved non-banking financial companies (NBFC) sector. The RBI has raised any bank’s exposure limit …
Read MoreIndia signs UNISA; experts call for local laws supporting treaty
Indian Government has signed the United Nations Convention on International Settlement Agreements(UNISA). The United Nations General Assembly adopted the United Nations Convention on International Settlement Agreements Resulting from Mediation in …
Read MorePakistan downgrades diplomatic ties, suspends trade with India
Pakistan has decided to downgrade it diplomatic ties with India and suspend bilateral trade. This decision comes after Indian Parliament adopted a resolution scrapping special status to J&K under Article …
Read MoreAllow us to retain national party status till after 2024 Lok Sabha polls: TMC, CPI to EC
Trinamool Congress(TMC) and Communist Party of India(CPI) have urged the Election Commission to allow them to retain the national party status till the Lok Sabha elections in 2024. This came …
Read MoreHome Ministry pulls out original instrument of accession to support Article 370 move
Home ministry officials has said that the Instrument of Accession signed with 562 princely states during the time of Independence was similar to the one signed with J&K. This statement …
Read MoreRajya Sabha clears Bill for more judges in Supreme Court
The Rajya Sabha has passed the Supreme Court (Number of Judges) Amendment Bill,2019.The Lok Sabha has already passed the bill. The bill seeks to increase the number of Supreme Court …
Read MoreAhead of Jaishankar’s Beijing visit, India tells China to avoid commenting on Ladakh
Ministry of External Affairs has asserted that Jammu and Kashmir Reorganisation Bill 2019 is an internal matter of India. This statement came after China had objected to the creation of …
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