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 …
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RBI 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 MoreRajya Sabha passes Consumer Protection Bill
Rajya Sabha has passed the Consumer Protection Bill,2019.The bill has already been passed by the Lok Sabha. The bill replaces the Consumer Protection Act,1986.The bill seeks to strengthen the rights …
Read MoreGovernment unveils draft e-com norms
The Ministry of Consumer Affairs has introduced the draft e-commerce guidelines for consumer protection. The proposed rules are aimed at curbing the sale of counterfeit goods, streamlining returns and refunds …
Read MoreKABIL set up to ensure supply of critical Minerals to Indian domestic market
A joint venture company Khanij Bidesh India limited(KABIL) has been set up with the participation of three Central Public Sector Enterprises (CPSEs). These CPSEs are National Aluminium Company Ltd.(NALCO), Hindustan …
Read MoreGovt set to frame rules for ride-hailing firms
The Motor Vehicles (Amendment) Bill, 2019 has created a new category of cab aggregators by addressing some of these issues. The bill recognizes and defines aggregators as digital intermediaries or …
Read MoreRs 25,000 crore tenders cancelled or modified to promote Make in India products
Department for Promotion of Industry and Internal Trade(DPIIT) has cancelled or modified government tenders worth over Rs 25,000 crore. This decision was taken to change the conditions of the tenders …
Read MoreSANKALP Scheme
Union Minister of Skill Development & Entrepreneurship has reviewed the Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP). SANKALP is an outcome-oriented programme of Ministry of Skills Development & …
Read MoreRCEP negotiations: India lists out demands before China for market access
India has listed out the demands and raised specific bilateral trade issues with proposed Regional Comprehensive Economic Partnership (RCEP) member countries. India has said that it will agree to the …
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