The RBI has opened a window for dollar sell and buy swap to infuse liquidity and in the market, this move was triggered by the current turbulence experienced by the global market. Details about Currency swaps can be important for prelims.
To promote the indigenous defence industry and reduce import bill, the Finance Minister had announced the formulation of a negative imports list of imports with the consultation of Department of Military Affairs. [Read More]
The lok shabha passed the Banking Regulation (amendment) bill, which will bring cooperative banks under the supervision of RBI, this step was taken for proper management and prevent corruption in cooperative banks , like that [Read More]
Relevance: According to the official estimates nearly 19% of India’s population was already below poverty line. Additionally given the prolonged lockdowns, in the backdrop of COVID-19 pandemic, has affected the economy really badly. To the [Read More]
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