The Reserve Bank of India(RBI) governor has highlighted the importance of the central bank’s role in maintaining financial stability. Financial stability can be defined as a condition in which the financial system is not unstable.It can also mean a condition in which the three components of the financial system which are financial institutions, financial markets… Continue reading ‘Financial stability is a key theme for monetary policy’
Author: ForumIAS
Will take fresh look at framework to supervise NBFCs: RBI Governor Shaktikanta Das
The Reserve Bank of India(RBI) Governor has said that the RBI is giving a fresh look at the regulatory and supervisory framework of the Non-banking Financial Companies(NBFCs). The RBI Governor said that the Reserve Bank will continue to monitor the activity and performance of NBFC sector with a focus on major entities and their inter-linkages… Continue reading Will take fresh look at framework to supervise NBFCs: RBI Governor Shaktikanta Das
DoT panel approves levy of penalty on Airtel, Vodafone Idea
The Digital Communications Commission has given its approval for imposing penalty on Bharti Airtel and Vodafone Idea for denial of interconnection to Reliance Jio when the latter had entered the market. However,the commission has asked the Telecom Regulatory authority of India (TRAI) to review the penalty amount of ₹3,050 crore given the financial stress in… Continue reading DoT panel approves levy of penalty on Airtel, Vodafone Idea
Bitcoin use causing huge CO2 emissions: Study
An interdisciplinary team of researchers at the Technical University of Munich (TUM) has revealed that Bitcoin system has a carbon footprint of between 22 and 22.9 megatonnes per year. This is comparable to the footprint of cities such as Hamburg, Vienna or Las Vegas. Bitcoin mining is very energy-intensive and the process has increased rapidly… Continue reading Bitcoin use causing huge CO2 emissions: Study
Modi likely to meet bank chiefs to discuss roadmap for PSBs
Prime Minister is likely to meet chief executives of Indian banks to chalk out a strategy for the banking sector for the next five years. The meeting assumes significance as the country’s GDP growth slowed to 5.8% in the January-March 2019 quarter dragging down the full-year growth to a 5-year low of 6.8%. Further, the… Continue reading Modi likely to meet bank chiefs to discuss roadmap for PSBs
Facebook to unveil new cryptocurrency
Facebook has decided to launch a cryptocurrency called Libra. The currency is designed not to be a speculative asset, like Bitcoin, but a form of digital money backed by a reserve of assets. Facebook has also formed the non-profit Libra Association with 27 other partners to oversee Libra and its development. The partnership includes venture… Continue reading Facebook to unveil new cryptocurrency
India to host COP-14 of the UNCCD
India for the first time will host the 14th session of the Conference of Parties (COP-14) of the United Nations Convention to Combat Desertification (UNCCD) in September 2019. The United Nations Convention to Combat Desertification (UNCCD) is the sole legally binding international agreement linking environment and development to sustainable land management. It was established in… Continue reading India to host COP-14 of the UNCCD
Niti’s new road map: Only electric vehicles to be sold after 2030
NITI Aayog has proposed that only electric vehicles should be sold after 2030. It has moved a cabinet note proposing that the road transport and highways ministry should prepare a framework to phase out the sale of diesel and petrol vehicles by 2030. The ministry has also been asked to pilot an e-highways programme. In… Continue reading Niti’s new road map: Only electric vehicles to be sold after 2030
By 2027, India population to cross China’s: UN
According to ‘The World Population Prospects 2019’ published by the Population Division of the UN Department of Economic and Social Affairs, India is projected to surpass China as the world’s most populous country by 2027. India is expected to add nearly 273 million people between 2019 and 2050 and will remain the most populated country… Continue reading By 2027, India population to cross China’s: UN
For better governance, government to rank police stations now
The Ministry of Home Affairs has launched an exercise to rank India’s best police stations based on various parameters. The exercise seeks to promote competition for better governance at the grassroots level The Home Ministry has suggested at least seven dimensions for assessment which include crime prevention, proactive measures adopted, Crime and Criminal Tracking Network… Continue reading For better governance, government to rank police stations now
