RBI Governor has recently advocated for international institutions like IMF for launching Currency swaps for countries effected by Corona virus. Details about Currency Swaps can be important for prelims.
In a major step towards Financial sector reform, the cabinet likely approves the Bilateral Netting of Qualified Financial Contracts Bill, 2020. The economic survey 2019 -20 advocated for bilateral netting financial contracts, currently, it is [Read More]
Parliament is likely to clear a bill to amend the Banking regulation act ,to bring in multi state cooperative banks under effective regulation under RBI.This comes after the PMC bank debacle last year.This news is [Read More]
In 2015, India opted for Gross Value Added (GVA) in lines with the UN System of National Accounts of 2008. According to the SNA, gross value added, is defined as the value of output minus [Read More]
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