Merger of PSU Banks in India
After amalgamation of three Public Sector Banks – Bank of Baroda, Vijaya Bank and Dena Bank today 30.08.2019 Finance Minister Nirmala Sitharaman has announced...
RBI Cut Repo Rate by 35 Bps – 9 Years Low
Today Reserve Bank of India made a higher than expected reduction in Repo Rate by 35 base points as benign inflation provides the central...
Govt. Approved Rs 2.11 Lac Crore Recapitalisation plan for PSU Banks
The Indian Government today(24 October 2017) approved a very huge Rs.2.11 Lac Crore recapitalisation plan for Public Sector Banks. This amount will be allocated...
Key Points of RBI Monetary Policy released on 06 April 2017
The RBI Governor Mr. Urjit Patel released the first bimonthly policy of the fiscal year 2018 on Thursday, 06 April 2017. He told that...
The GST (Goods and Services Tax) Bill: All You Need To Know
The Goods and Services Tax (GST) is a Value-added Tax (VAT) was proposed to be an extensive indirect tax levy on sale, manufacture, and...
RBI Monetary Policy Announced! No Change in Repo Rate, Again!
Today, 08 Feburary 2017, RBI governor Mr. Urjit Patel released 6th Bimonthly Monetary Policy of the Reserve Bank of India. The economists were expecting...
RBI slashes MDR charges, offers lucky draw
In order to boost the digital payments among merchants and commoners, RBI has come up with two unique solutions. At first they cut MDR...
RBI stunned all economists, keeps Repo Rate Unchanged
Today, 07 December 2016, Reserve Bank of India in its fifth bimonthly policy review surprised all the economists and analysts by keeping the repo...
Decoding RBI monetary policy to be announced on 07 December 2016
Three days after demonetization on 08 November 2016, RBI had come with a measure to suck out liquidity from banks. There had been a...
Effects of Demonetization in India
On 08 November 2016, Indian Prime Minster, Mr. Narendra Modi announced the demonetization of Rs.500 and Rs.1000 currency notes with effect from that midnight....