Why in News ? The country’s largest lender State Bank of India on Monday said it has raised Rs 7,000 crore by issuing Basel III compliant. What are Basel III…

Why in News ? Importers will have to do their due diligence to ensure that imported goods meet the prescribed rules of origin provisions for availing concessional rate of customs…

Why in News ? The Banking Regulation (Amendment) Bill, 2020 passed in the Lokh Sabha by replacing the The Banking Regulation (Amendment) Ordinance, 2020. The Bill amends the Banking Regulation…

Why in News ? India CPI Retail Inflation August 2020 growth across the country drops to 6.69 per cent in the month of August. The data released by the Ministry…

Why in News ? Union Minister of Finance & Corporate Affairs inaugurated Doorstep Banking Services by PSBs and participated in the awards ceremony to felicitate best performing banks on EASE…

Why in News ? The Reserve Bank of India released revised priority sector lending (PSL) guidelines to augment funding for COVID-19 impacted companies. Revised Priority Sector Lending Guidelines To align…

Why in News ? MEIS benefits Capping affect traders. The government’s decision to cap export incentives under MEIS scheme at Rs. 2 crore per exporter on outbound shipments made during…

Why in News ? Solicitor General appearing for the Union government and the Reserve Bank of India, informed the Supreme Court that the Loan moratorium is extendable to two years.…

Why in News? Gross Domestic Product (GDP) growth contracted 23.9 percent in the April-June quarter. This also marked its entry into a recessionary phase as GDP Shrinks by 23.9 this…

Why in News ? Eight core infrastructure sectors dropped by 9.6 per cent in July due to decline mostly in production of steel, refinery products and cement. Eight core industries…