Economy
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List of Finance Ministers of India: 1947 to 2021
Nirmala Sitharaman is the current Finance Minister of India. She took charge on 31 May 2019. Let us have a look at the list of Finance Ministers of India from 1947 to the present.
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List of Governors of Reserve Bank of India (1935-2021)
The Governor of the Reserve Bank of India is the Chief Executive Officer of the Central Bank of India and the Ex-officio Chairman of its Central Board of Directors. At present, the Governor of the Reserve Bank of India is Shaktikanta Das. Check the complete list of Governors of the Reserve Bank of India below.
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What are the key recommendations of the Internal Working Group (IWG) constituted by RBI?
The Internal Working Group (IWG) of the RBI has suggested the guarded entry of corporate houses into the banking space, hike in promoters’ stake, conversion of NBFCs into banks and Payments Banks into SFB amongst others.
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What is the Banking Regulation (Amendment) Bill, 2020?
The Banking Regulation Act, 1949 is a law that regulates banking firms in India. This act has been amended by the Banking Regulation (Amendment) Bill, 2020. Read this article to know that what are the salient features of the Banking Regulation Act 2020.
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Foreign Direct Investment: Sectorwise FDI Limit, Countrywise FDI inflow, and FDI Inflow in India
FDI limits in different sectors in India 2020: India has attracted total FDI amount US$ 62,001 million in 2018-19. The service sector has the highest share in India's FDI share amount of US$ 80,670.79 from April 2000 to December 2019. Agriculture Animal Husbandry, Auto components, and E-commerce activities have the permission of 100% FDI through automatic route.
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Provident Fund, National Savings Certificate, Kisan Vikas Patra: Meaning and current rate of interest
National Savings Certificate, Fixed deposits, Provident Fund, and Kisan Vikas Patra are some products launched to increase saving habit in the general public.These are some products to get stable return. Let us have a look on the rate of interest offered on these products.
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What are the main functions of Reserve Bank of India?
Reserve Bank of India (RBI) is the Central Bank of India. RBI was established on 1 April 1935 by the RBI Act 1934. Key functions of RBI are, banker’s bank, the custodian of foreign reserve, controller of credit and to manage printing and supply of currency notes in the country.
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Yes Bank Crisis: 5 Key Reasons to Know
The Yes bank is another Indian commercial bank that is in financial trouble. The yes bank has repayment liability of amount US$ 24000 crore. The RBI has set the withdrawal limit of 50000 rupees per customer from March 5 to April 3 for yes bank customers. Read this article to know the reasons for the Yes bank crisis.
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What is the cost of printing 200, 500 and 2000 rupees notes in India?
The Reserve Bank of India (RBI) prints currency notes of all denominations except one rupee note. In its annual report, the Reserve Bank has stated that the cost of printing a note of 200 rupees is Rs.2.93, printing cost of 500 rupee note is Rs. 2.94 and printing of a 2000 rupee note cost Rs.3.54.
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6 Amazing Questions on Indian Budget You Never Knew
The term 'Budget' is not mentioned in the Indin Constitution. It is mentioned as ‘Annual financial statement’ in article 112. The Union budget is an estimate of income and expenditure of the central Government for a definite duration usually one year.
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Union Budget of India: Definition and Types
Union Budget: Meaning and Types: A Union budget is an estimation of revenue and expenditure of the Central government over a specified period of time and is usually one year.
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What is the difference between payments banks and commercial banks?
Payments Banks and the Commercial Banks both work as per the Banking Regulation Act, 1949. The basic difference between commercial banks and payment banks is that later can accept deposits upto maximum Rs. 1 lakh/customer while there is no such limit for commercial banks.
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The Monetary Policy Committee (MPC): Composition and Objectives
Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934. The first meeting of the MPC was held on October 3 and 4, 2016. This committee decides various policy rates like Repo rate, Reverse repo rate, MSF and Liquidity Adjustment Facility etc. On 4th October, 2019 the RBI Monetary Policy committee has cut the repo rate by 25 bps to 5.15%. Now the repo rate stands at 5.15%, the lowest since March 2010.
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What is RBI's Monetary Policy: Objectives & Instruments
The monetary policy refers to a regulatory policy whereby the central bank maintains its control over the supply of money to achieve the general economic goals. Main instruments of the monetary policy are: Cash Reserve Ratio, Statutory Liquidity Ratio, Bank Rate, Repo Rate, Reverse Repo Rate, and Open Market Operations.
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What is the Sensex and how is it calculated?
The term 'Sensex' was given by stock market analyst Deepak Mohoni and it is made from combination of two words Sensitive and Index. The Sensex measures the stock prices of 30 listed companies of the Bombay Stock Exchange. The main reason behind fluctuation in the Sensex is the up and down in the share price of top 30 companies.
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