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March 2020 - News Simplified

Finance Minister announces Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana

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…

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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…

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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…

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