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 which commercial banks borrow money from the RBI. RBI has also kept the door open for lowering rates further by retaining an accommodative policy stance.… Continue reading RBI lowers repo rate by 35 basis points to 5.40%
Category: Daily Factly articles
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 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
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
‘Raising time limit for abortion under study’
The Centre has informed the Delhi High Court that it has initiated the process for an inter-ministerial consultation on raising the time period to terminate pregnancy The response has come on backdrop of a PIL filed in the Delhi High Court for extending the time period to terminate pregnancy to 24 to 26 weeks in… Continue reading ‘Raising time limit for abortion under study’
1/4 of world’s population faces huge water stress, bulk in India
The World Resource Institute (WRI) has released Aqueduct Water Risk Atlas. It has ranked water stress, drought risk and riverine flood risk countries. According to the atlas, 1/4 of world’s population is facing huge water stress. WRI has provided a list of 17 most water stress countries. Qatar has been ranked as the most water… Continue reading 1/4 of world’s population faces huge water stress, bulk in India
‘India’s cancer burden will double to 20 lakh cases in 20 years’
According to a new study published in the Journal of Global Oncology, the cancer burden in India will double to 20 lakh cases in 20 years. The increase in cancer burden has been attributed to demographic changes and improvement in and increased use of cancer diagnostics. According to GLOBOCAN, India registered 11.6 lakh cancer cases… Continue reading ‘India’s cancer burden will double to 20 lakh cases in 20 years’
Museum on PMs likely to be ready by March 2021
The “Museum on Prime Ministers of India” is likely to be constructed by the Central Public Works Department (CPWD) by March 2020 The museum is being built in the Teen Murti Estate in New Delhi. The Teen Murti Estate also hosts the Nehru Memorial Museum and Library dedicated to Jawaharlal Nehru. Jawaharlal Nehru was the… Continue reading Museum on PMs likely to be ready by March 2021
