On 22nd November 2024, the Reserve Bank of India(RBI)infused funds worthRs 25,000crorethrough a Variable Repo Rate(VRR)into the banking system as the weighted average call rate, a parameter for short-term borrowing costs, increases 23 basis points(bps)above the policy repo rate (6.50%) at...
Unemployment rate * % of total labor force Employment Index, 2000=100 Population * Persons | Govt revenue Natl currency | Govt revenue % of GDP Govt total expenditure Natl currency | Govt total expenditure * % of GDP Govt net lending/borrowing Natl currency | Govt net lending/bor...
Prime Minister Narendra Modi will unveil the new naval ensign (flag) for the Indian Navy in Kochi on September 2 on the sidelines of the commissioning of India’s first indigenous aircraft carrier INS Vikrant at Cochin Shipyard Limited. Explained here is the significance of having a new naval ...
i.The size of the Indian economy with regards to ‘nominal’ cash was USD 854.7 billion during the quarter through March 2021 on an adjusted basis and using the dollar exchange rate on the last day of the relevant quarter. In contrast, the UK was at USD 814 billion. ii.UK is witnessing...
Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Old Pension Scheme vs. New Pension Scheme Nobel Prize in Medicine 2023, mRNA Vaccines, Katalin Karikó and Drew Weissman Nobel Prize in Economics 2023: Claudia Goldin Research on Gender Gap ...
This prompted the IFIs to halt lending years ago.53 Domestic business is also constrained by credit scarcity and high interest rates due, in part, to a banking system in which nonperforming loans have been common. To help address these challenges, the government receives support from the World...
Social and political turmoil in Haiti is disrupting the lives of its 11 million citizens. The prime minister resigned after violent gangs seized power and chaos overtook both the streets and the government. Hundreds of thousands of Haitians have lost their homes and are going hungry, and thousands...
It will soon take a review on implementation of the Marginal Cost Lending Rate framework by banks.Liquidity Adjustment Facility will remain unchanged at 6.0% i.e. The facility when banks need liquidity to meet its daily requirement, they borrow from RBI through repo. MSF rate and the Bank ...
In addition, in terms of death caused by SARS-CoV-2, the United States of America (USA) displayed 1,020,405 death reports, while the lowest death rate was noted in Africa. A summary of the reported deaths caused by COVID-19 worldwide is mentioned in Table 1. It is also important ...