RBI announces its bi-monthly monetary policy The Reserve Bank of India (RBI) has announced its bi[1]monthly monetary policy. This is the seventh time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI had last revised its policy rate on May 22, 2020, in…
The oldest commercial bank in the country, State Bank of India, SBI, is celebrating its 66th year on 1st July. SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India Indian Overseas Bank (IOB) has become the second most-valued listed public sector bank (PSB) with a market capitalisation of…
RBI: ATM cash withdrawal rule changed Reserve Bank of India (RBI) has changed some rules regarding cash withdrawal from automated teller machine (ATM). These ATM cash withdrawal rule changes include higher charges on transactions beyond the free permissible limit, a new free ATM transaction limit and a rise in interchange fee. The new ATM charges…
As you aware the Constitution of India, is a federal constitution with some unitary feature. Our constitution is one of the largest written constitution in the world. Most of the features of the constitution is adapted or adopted from other constitutions. Here we are trying to understand, from where various provisions of the constitutions are…
National Organ Transplant Programme (NOTP) The Government of India is implementing the National Organ Transplant Programme (NOTP) to promote organ donation and transplantation across all States/Union Territories. The provisions under the programme include: Setting up of State Organ and Tissue Transplant Organisations (SOTTOs) in each State/UT. Setting up of National/Regional/State Bio-material centres. Financial support for…
Measures to control inflation ➨ Monetary Policy: Monetary policy can control the growth of demand through an increase in interest rates and a contraction in the real money supply. For example, in the late 1980s, interest rates went up to 15% because of the excessive growth in the economy and contributed to the recession of…
1. K is public limited company in which 53% of paid up share capital held by Central Government, whether K limited is government company as per Section 2(45) of the Companies Act, 2013. a. Yes b. No c. Partly Yes d. Partly No 2. XYZ is public limited company in which 54%…
Sovereign Gold Bond Scheme 2015 – Information you should know The Government of India introduced the Sovereign Gold Bond (SGB) Scheme in November 2015, to offer investors an alternative to physical gold. Over the years, the market has witnessed a considerable decline in the demand for physical gold. SGBs are government securities and are considered…
ATM – Automated Teller Machine, it is an electronic device that enables customers of banks and financial institutions to perform a variety of financial transactions like cash withdrawals, deposit, funds transfers, account information, changing ATM PIN or linking Aadhaar to the bank account any time and without the need for interaction with bank staff. Banks…
Central Board of Indirect Taxes & Customs (CBIC) and COVID response plan (CRP) CBIC put in place a COVID Response Plan (CRP) for speedy clearances of COVID-19 vaccines at all major airports. The CRP has been put in place for the efficient and expeditious release of temperature-sensitive vaccines that are a critical requirement in the…
