Economy

Sovereign Gold Bond scheme opens on Monday

The second tranche of the government-run Sovereign Gold Bond (SGB) scheme will open for subscription from Monday, May 11. The Reserve Bank of India (RBI) has said the issue price for the…

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As Covid-19 relief, people given free LPG cylinder under Ujjwala scheme

The government is distributing cylinders free of cost in the Covid19 lock-down period to the beneficiaries of the centrally-run Ujjwala scheme. The free cooking gas cylinder distribution is part of the special…

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RBI raises FPI investment limit in corporate bonds to 15%

The Reserve Bank of India has increased the limit for Foreign portfolio investors (FPI) investment in corporate bonds to 15% of outstanding stock for FY 2020-21. LEARNING WITH TIMES      …

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Merger of 10 Public Sector Banks

Ten Public Sector Undertaking (PSU) banks will be amalgamated into four banks from , 1 April. With this, the number of public sector banks in India will come down to…

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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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RBI kept repo rate unchanged

The Reserve Bank of India has decided to kept repo rate unchanged  to 5.15%. Reverse repo rate has been was kept unchanged at 4.90 per cent;  The marginal standing facility (MSF) rate and bank rate stands at 5.40…

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BUDGET2020: Environment & Climate Change

BUDGET2020: Environment & Climate Change Allocation for this purpose to be Rs.4400 crore for the ‘Clean Air policy’ 2020-21. The focus will be on those cities that have a population…

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BUDGET 2020: Infrastructure;Highways,Railways

BUDGET 2020: Infrastructure;Highways,Railways Highways: Accelerated development of highways to be undertaken, including: o 2500 Km access control highways. o 9000 Km of economic corridors. o 2000 Km of coastal and land port roads….

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