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HIGHLIGHTS OF THE INTERIM BUDGET 2019-20 Interim budget 2019-20 was presented in Parliament on 1st February, 2019 by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal. Here are the key highlights of Interim Budget 2019-20. Fiscal deficit has been brought down to 3.4% in FY 19. Rs 60000 crore has
Read MoreMr SHAKTIKANTA DAS, THE MAN BEHIND GST AND NOTE BAN, STEPS IN AS THE NEW RBI GOVERNOR
Mr SHAKTIKANTA DAS, THE MAN BEHIND GST AND NOTE BAN, STEPS IN AS THE NEW RBI GOVERNOR The government, on December 11, 2018, appointed Mr Shaktikanta Das as the new Reserve Bank of India (RBI) Governor after Mr Urjit Patel stepped down from his post. He is the 25th Governor of the RBI. A former economic
Read MoreURJIT PATEL RESIGNS AS RBI GOVERNOR
URJIT PATEL RESIGNS AS RBI GOVERNOR Mr Urjit Patel, on December 10, 2018 (4 days before the RBI meeting), resigned as RBI Governor stating the following in his statement: “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve
Read MoreV BI-MONTHLY POLICY: RBI ADOPTS CALIBRATED TIGHTENING
V BI-MONTHLY POLICY: RBI ADOPTS CALIBRATED TIGHTENING On the basis of an assessment of the current and evolving macroeconomic situation, the six-member committee headed by RBI Governor, Mr. Urjit Patel in its meeting decided to: Keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5%. The Revenue Repo rate under LAF
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