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 is measured by GDP happens by (a) private individuals and households spend money on consumption (b)the government spends on its agenda (c)private sector investment and… Continue reading Explained: Why RBI’s monetary policy matters
Author: ForumIAS
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 by the Reserve Bank of India is available to customers from 8am to 7pm on all working days with the exception of second and fourth… Continue reading RBI allows round-the-clock fund transfers under NEFT from December
Banks’ 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 to a single NBFC from the existing 15% to 20% of tier-1 capital.This will ease liquidity pressure in the NBFCs. RBI has also allowed bank… Continue reading Banks’ exposure limits, lending norms eased for stressed NBFCs
India 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 2018. The UN has authorized that the Convention will be open for signature in Singapore and will be known as the “Singapore Convention on Mediation”.… Continue reading India signs UNISA; experts call for local laws supporting treaty
Pakistan 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 370 and passed a bill bifurcating the state into two Union territories of Jammu and Kashmir and Ladakh. Pakistan has also decided to approach the… Continue reading Pakistan downgrades diplomatic ties, suspends trade with India
Allow 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 in the backdrop of EC serving show cause notices to TMC, CPI and Nationalist Congress Party(NCP) seeking explanation on why their national party status should… Continue reading Allow us to retain national party status till after 2024 Lok Sabha polls: TMC, CPI to EC
Home 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 was made to provide a legal basis for the amendment to Article 370 taking away the special status of Jammu & Kashmir. They said that… Continue reading Home Ministry pulls out original instrument of accession to support Article 370 move
Rajya 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 judges in the country’s apex court from the present 30 to 33. This bill was introduced after Chief Justice of India had written to Prime… Continue reading Rajya Sabha clears Bill for more judges in Supreme Court
Answers: Mains Marathon – UPSC Mains Current Affairs Questions – August 7, 2019
Q.1) “Transgender Persons (Protection of Rights) Bill 2019 is critical to provide social and economic justice to transgenders in Indian democracy”. Examine. Answers Q.2) “Fight against social evils like mob lynching and honour killings demands state’s and community efforts.” Comment. Answers Q.3) What are various challenges faced by business units in India. How India can… Continue reading Answers: Mains Marathon – UPSC Mains Current Affairs Questions – August 7, 2019
Must Read News Articles-August 8th 2019
Archives GS-1 6% of the world’s languages are spoken in India The Pacific island nation of Papua New Guinea has the highest number of ‘living’ indigenous languages in the world (840), while India stands fourth with 453. GS-2 Pakistan expels Indian envoy, suspends bilateral trade Pakistan on August 7 expelled the Indian High Commissioner and… Continue reading Must Read News Articles-August 8th 2019
