RBI Annual Report 2019-20
News: Reserve Bank of India(RBI) has released its Annual Report 2019-20. Facts: Balance sheet of RBI: The balance sheet of RBI has increased by 30%, due to increase in domestic …
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India ranks among lowest in terms of Internet quality
News: Digital Quality of Life(DQL) Index, 2020 has been released by SurfShark, an online privacy solutions provider. Facts: About the Index: It is a global research on the quality of …
Read MoreRBI unveils framework for retail payments entity
News: Reserve Bank of India(RBI) has released a ‘Framework for Authorisation of Pan-India Umbrella Entity for Retail Payments’. Facts: In February 2020, RBI had proposed to create an alternative umbrella …
Read MoreReserve Bank of India introduces Positive Pay mechanism
News: Reserve Bank of India(RBI) has introduced a Positive Pay mechanism to make cheque payments safer and reduce instances of frauds. Facts: What is Positive Pay Mechanism? It is a …
Read MorePrime Minister launches “Transparent Taxation – Honoring the Honest” platform
News: Prime Minister has launched the platform called “Transparent Taxation – Honoring the Honest”. Facts: Aim: To bring transparency in income tax systems and empower taxpayers. Features: The main features …
Read MoreFinance Minister launches online dashboard for National Infrastructure Pipeline
News: Finance Minister has inaugurated the National Infrastructure Pipeline (NIP) Online Dashboard. Facts: NIP Online Dashboard: It is a one-stop solution for all stakeholders looking for information on infrastructure projects …
Read MoreReserve Bank of India’s(RBI) monetary policy review
News: The Reserve Bank of India has released its monetary policy committee (MPC) report. Facts: Key Highlights: Repo Rate:It is the rate at which the RBI lends money to the …
Read MoreExplained: What are pre-packs under the present insolvency regime?
News: The Ministry of Corporate Affairs(MCA) has set up a committee to look into the possibility of including “pre-packs” under the current insolvency regime to offer faster insolvency resolution under …
Read MoreFinancial Management Index for Rural Development Programmes
News: The Union Minister of Rural Development has released the “Financial Management Index for Rural Development Programmes”. Facts: Aim: To rank states on efficient management of financial resources allocated for …
Read MoreRBI signs $400 mn currency swap with Sri Lanka
News: The Reserve Bank of India(RBI) has signed a $400-million currency swap facility with Sri Lanka under the SAARC Currency Swap Framework 2019-22. Facts: Currency Swap: The term Swap means …
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