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Manas on August 16th, 2013

Sr. No. Name Tenure 1 Sir Osborne Smith 1 April 1935 – 30 June 1937 2 Sir James Braid Taylor 1 July 1937 – 17 February 1943 3 Sir C. D. Deshmukh 11 August 1943 – 30 June 1949 4 Sir Benegal Rama Rau 1 July 1949 – 14 January 1957 5 K. G. Ambegaonkar 14 January 1957 – […]

Continue reading about Governors of Reserve Bank of India

 

The Reserve Bank of India has kept the key rates and CRR unchanged during its monetary policy review today. The repo rate and reverse repo rate were kept unchanged at 7.25% and 6.25% respectively. During the past one-and-half years, the RBI has cut repo rate by 1.25% to 7.25%. Cash reserve ratio (CRR) and Statutory […]

Continue reading about RBI kept key rates, CRR unchanged; lowers GDP forecast for FY-14 to 5.5%

 

India’s Forex reserves were decreased by USD 3.2 billion to 284.644 billion for the week ended 28th June as per the recent weekly data released by RBI. Forex reserves dropped as RBI intervened to arrest steep rupee depreciation. This decrease was mainly due to decrease in the reserve portion in the Foreign Currency Assets.  The […]

Continue reading about Forex Reserves decreased by USD 3.2 billion to 284.644 billion

 

India’s Forex reserves were decreased by USD 2.812 billion to 287.845 billion for the week ended 21st June as per the recent weekly data released by RBI. Forex reserves dropped as RBI intervened to arrest steep rupee depreciation. Indian rupee has depreciated by more than 8% in last 1 month and crossed 60 per USD […]

Continue reading about Forex Reserves decreased by USD 2.812 billion to 287.845 billion

 

The Reserve Bank of India has kept the key interest rates unchanged today during its monetary policy review due to rising food inflation, rupee depreciation and uncertainty over foreign fund inflows. The repo rate has been kept unchanged at 7.25% while reverse repo rate kept unchanged at 6.25% while the cash reserve ratio retained at […]

Continue reading about RBI kept interest rates, CRR unchanged in monetary policy review today

 

Manas on June 3rd, 2013

1. Sudha Sharma, 1976 batch IRS Officer, has been appointed as the new Chairperson of the Central Board of Direct Taxes (CBDT). She replaces Poonam Kishore Saxena who retired on 31 May. She was serving as member (legislation and computerization) in CBDT. The CBDT is a part of Department of Revenue in the Ministry of Finance and it is a statutory authority functioning under the […]

Continue reading about Current Affairs India – 3 June 2013

 

The Reserve Bank of India has cut its benchmark interest rates by 25 bps and kept CRR unchanged today during its monetary policy review which is much lower reduction in interest rate compared to investors’ expectations. The bankers and industrial body were disappointed due to this cautious stance of RBI Repo rate, the rate at […]

Continue reading about RBI cuts benchmark interest rates by 25 bps; kept CRR unchanged at 4%

 

Manas on March 24th, 2013

1. The government has announced simplification of removal of norms for foreign institutional investors (FIIs) yesterday to invest in government and corporate bonds in order to attract more foreign fund inflow to fight with the widening current account deficit. From next month, the government, Sebi and the Reserve Bank of India (RBI) have decided to remove […]

Continue reading about Current Affairs India – 24 March 2013

 

Manas on March 21st, 2013

1. The Supreme Court of India has upheld the death sentence of Yakub Abdul Razak Memon awarded by the special TADA court in the 1993 Mumbai blast case which claimed 257 lives. It has also commuted life sentence for other 10 death row convicts and upheld the life term awarded to 16 out of 18 […]

Continue reading about Current Affairs India – 21 March 2013

 

The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 7.50% and cut the reverse repo rate also by 25 basis points to 6.50% during its mid-quarter monetary policy review today in order to boost growth. These measures were in line with the expectations. At the same time, RBI […]

Continue reading about Reserve Bank of India cuts Repo and Reverse Repo rates by 25 bps, kept CRR unchanged to boost growth

 

 

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