First Time India’s Forex Reserves crosses USD 450 billion

India’s foreign exchange reserves have crossed the USD 450 billion mark for the first time on 3rd December 2019. The Reserve Bank of India Governor, Shaktikant Das in a press conference informed that the foreign exchange reserves hit a new high on 3rd December 2019 were at USD 451.7 billion. This financial year the foreign ..

Topics: , , , , , ,

5th Bi-monthly Monetary Policy 2019-20

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) headed by the Governor of RBI, Shaktikant Das, voted unanimously to keep the policy rate unchanged and announced the 5th bi-monthly monetary policy of 2019-20 on Thursday, 5th December 2019. Highlights from the 5th bi-monthly monetary policy: The earlier projected GDP growth ..

Topics: , , , , , , , ,

First Corporate Bond ETF of India gets Cabinet Approval

The Cabinet Committee on Economic Affairs under, chaired by the Prime Minister, Narendra Modi on Wednesday, 4 December 2019 has given its approval for the creation and launch of the first corporate bond exchange-traded fund(ETF) of India, named ‘Bharat Bond Exchange Traded Fund’. Bharat Bond ETF is will work on creating an additional source of ..

Topics: , , , , , , , ,

DICGC insures up to a maximum of Rs 1 Lakh

The Deposit Insurance and credit guarantee corporation (DICGC) is a subsidiary of the Reserve Bank of India which insures all bank deposits that are payable in India such as savings, current, recurring, fixed, etc. Each depositor in a bank is provided an insured amount of maximum Rupees One Lakh on both the interest amount and ..

Topics: , , , ,