May 22
In a bid to address the economic concerns due to COVID-19, the Reserve Bank of India (RBI) Governor Shaktikanta Das today cut the repo rate by 40 bps to 4% and also extended the moratorium on term loans till August 31. The Monetary Policy Committee (MPC) voted in the ratio of 5:1 in favour of …
May 17
Union Finance Minister Nirmala Sitharaman today announced the fifth and final tranche of the ₹ 20 lakh crores Atmanirbhar Bharat economic package. The final tranche of the Self-Reliant India economic package focused on the health sector, ease of doing business, online education, MNREGA, decriminalisation of Companies Act, Public Sector Undertaking (PSU), and state governments. MNREGA …
May 16
Union Finance Minister Nirmala Sitharaman today announced the fourth tranche of the ₹ 20 lakh crore Atmanirbhar Bharat economic package. The fourth tranche of Self Reliant India economic package focused on structural reforms of 8 sectors – coal, minerals, defence production, civil aviation, power distribution, social infrastructure, space, and atomic energy. Policy Reforms to fast-track …
May 15
Finance Minister Nirmala Sitharaman today announced the third tranche of Aatmanirbhar Bharat economic package. The first tranche of economic package focussed on MSMEs and NBFCs. The second tranche of economic package focused on migrant labours, street vendors, poor, and small traders. The third tranche of economic package focuses on agriculture and allied activities. Following measures …
May 14
Finance Minister Nirmala Sitharaman today announced the second tranche of Aatmanirbhar Bharat economic package. The package focused on providing relief to migrant labours, street vendors, migrant urban poor, small traders self-employed people, and small farmers. Following measures were announced today: Free food grains supply to migrants for 2 months Additional food grain to all the …
May 13
The Corona Virus incident had shaken the entire health. Many countries have declared a nationwide lockdown to prevent from spreading. It is not only posing serious threats to the health sector but also to the financial sector. Stock markets across the globe have made new bottoms. To address the economic concerns, RBI has made several …
May 13
Prime Minister Narendra Modi yesterday announced a Special economic package of ₹ 20 lakh crores – equivalent to 10% of India’s GDP. He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. He also outlined five pillars of Aatmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand. Today, Finance Minister Nirmala …
Apr 17
In a bid to address the economic concerns due to COVID-19, the Reserve Bank of India (RBI) Governor Shaktikanta Das today slashed the reverse repo rate by 25 basis points to 3.75 per cent, repo rate remains unchanged at 4.40 per cent. Last month, the RBI had advanced its monetary policy committee (MPC) meet where …
Mar 27
The RBI (Reserve Bank of India) has released its 7th Bi-monthly policy for FY 2019-2020. The Monetary Policy Committee (MPC) was led by RBI Governor Shaktikanta Das. In view of the COVID – 19 Pandemic, the Monetary Policy Committee (MPC) meeting was advanced to March 25 – 27, 2020. Earlier, it was scheduled for March …
Feb 07
The RBI (Reserve Bank of India) has released its 6th Bi-monthly policy for FY 2019-2020. The Monetary Policy Committee (MPC) was led by RBI Governor Shaktikanta Das. The Monetary Policy Committee (MPC) meeting was held during 3rd, 4th and 5th February 2020 to assess current and evolving macroeconomic and financial conditions and the outlook. The …
