Last weekend, Subhash Garg, Secretary, Economic Affairs, and a member on the board of the Reserve Bank of India, tweeted that reports of the government seeking a huge transfer of surplus funds were not true. His tweet came amid conflict between the government and the RBI on several issues, which has seen a public spat … Continued
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The Central Board of Directors of the Reserve Bank of India (RBI) has recently been a topic of much discussion, in the light of both the recent public tussle between the RBI and the Finance Ministry and the second anniversary of demonetisation. What is the RBI Board? The RBI Board is a body comprising officials … Continued
A week ago, the National Green Tribunal (NGT) upheld the environmental clearance granted to the India-based Neutrino Observatory (INO), a major research facility proposed in Theni district of Tamil Nadu. While this removes all current legal hurdles in building the facility, there are still other obstacles to be overcome before work can begin on this … Continued
The rankings serve as a trusted ready-reckoner for foreign investors looking to invest in a country India’s leap in the World Bank’s Ease of Doing Business rankings this year has slipped under the radar, in the cacophony over demonetisation and the RBI-Centre spat. The country has, in fact, been one of the biggest ‘improvers’ in … Continued
What happened? Since April 2016, all oral polio vaccines (OPV) across the world contain only two of the three polio serotypes — Type 1 and Type 3. Type 2 is banned because the wild, disease-causing version of this virus was eradicated globally by 1999, and because OPV itself can cause polio in rare cases. However, … Continued
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following: 1. “In-principle” approval for leasing out six airports of AAI viz. Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management and development under Public Private Partnership (PPP) through Public Private Partnership Appraisal Committee (PPPAC). 2. Constitution of an Empowered … Continued
In the run-up to the general election next year, the Centre has announced an important credit stimulus package for micro, small, and medium enterprises (MSMEs). What are the recent measures? 1. Among the many sops doled out under the new scheme, Prime Minister Narendra Modi has promised the sanction of business loans of up to … Continued
With the April 2020 deadline, vehicle makers get a wake-up call What does the Supreme Court order say? On October 24, the Supreme Court banned the sale and registration of vehicles conforming to Bharat Stage (BS)-IV emission standards across the country, from April 1, 2020, citing “alarming and critical” pollution levels. With this decision, vehicle … Continued
The Central Vigilance Commission (CVC) recently came out with a report that analyses the top 100 bank frauds in 13 sectors. Bank frauds have been in public focus of late because of the cases involving Vijay Mallya, Nirav Modi, and other leading businessmen who have gone fugitive. The CVC report, however, does not name any … Continued
This is one of the key issues in the disagreement between govt and RBI. What does the central bank consider in making decisions? How does the surplus transfer system work in other major democracies? Then RBI Governor RaghuramRajan with current Governor Urjit Patel (then deputy Governor) in Mumbai in 2015. (Archive) On his last day … Continued