The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharamanannounced Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus. PRADHAN MANTRI GARIB KALYAN PACKAGE Insurance scheme for health…
Month: March 2020
RBI allows 3-month moratorium on EMIs, cuts repo rate by 75 basis points
The RBI’s Monetary Policy Committee(MPC) has voted in favour of an interest rate cut to the tune of 75 basis points, which brings the repo rate down to 4.4 per cent from 5.15 per cent. The reverse repo rate has also been reduced by…
Supreme Court sets aside RBI ban on cryptocurrency transactions
The Supreme Court on set aside an April 6, 2018, circular of the Reserve Bank of India (RBI) prohibiting banks and entities regulated by it from providing services in relation to virtual currencies (VCs). It found the RBI circular “disproportionate” with an otherwise…