CURRENT AFFAIRS

• RAOS, Jaipur
• 22, Dec 2021

The economic capital framework provides a methodology for determining the appropriate level of risk provisions and profit distribution to be made under Section 47 of the RBI Act, 1934. As per this provision, the central bank is required to pay the balance of its profits to the

• IAS NEXT, Lucknow
• 17, Dec 2021

Cultural Heritage’ list:Reference News:The Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage has inscribed ‘Durga Puja in Kolkata’ on the Representative List of the Intangible Cultural Heritage of Humani

• IAS NEXT, Lucknow
• 17, Dec 2021

Reference News:RBI allows Payments Banks, Small Finance Banks to conduct Govt agency business.It will be subject to the condition that the concerned bank is not under the Prompt Corrective Action (PCA) framework or moratorium.Power of accrediting an a

• IAS NEXT, Lucknow
• 17, Dec 2021

Reference News:The Reserve Bank of India (RBI) has introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs).The PCA framework for NBFCs will come into effect on October 1,2022 on the basis of their financial position

• IAS NEXT, Lucknow
• 16, Dec 2021

Reference News-In September 2018, the RBI had permitted the banks to co-lend with all registered NBFCs (including HFCs) to increase lending to the priority sector based on a prior agreement.Following this, several banks have entered into co-lending ‘master agreements&rsquo

• IAS NEXT, Lucknow
• 15, Dec 2021

Reference News-India’s retail inflation hardened for the second month in a row in November, touching 4.91% from 4.48% recorded in October, with urban parts experiencing a sharper rise in prices at a pace of 5.54% and vegetable prices jumping 7.45% from the previous month.Con

• IAS NEXT, Lucknow
• 14, Dec 2021

Reference News:-The Central government has highlighted the significance of increase in bank deposit insurance cover, in case of problems occurring such as closure, from Rs 1 lakh to Rs 5 lakh. PM Modi is to address the nation on Bank Deposit Insurance.Background:Earlier, there u

• Vaid's ICS, Lucknow
• 13, Dec 2021

Why in news?Reserve Bank of India (RBI) Governor has indicated that the RBI will bring regulatory changes to reform urban cooperative banks (UCBs).UCBs have been plagued by a series of failures.RBI has also warned people against depositing their savings in banks offering high

• IAS NEXT, Lucknow
• 10, Dec 2021

Why in news?The announcement of FCA and the ICE Benchmarking Administration (IBA) about the end dates of London Interbank Offer Rate (LIBOR) has become a challenge from a Transfer Pricing perspective.What is LIBOR?It is a benchmark interest rate at which major global

• IAS NEXT, Lucknow
• 10, Dec 2021

What is the issue?The sustained rise in the price of LPG cylinders has been a burden in the budget of many households for more than a year now.What is the trend of the price of LPG refills?The price of LPG refills has risen by more than 50% to over Rs. 900 per cylinder in Nove