Electoral Bonds Scheme was first introduced by the Narendra Modi government in the year 2018 and since then it has been a significant source for the political parties to get funds. However, the scheme has often been under scrutiny for a long time. The Supreme Court of India struck down the Electoral Bonds Scheme in February this year and directed SBI to disclose details of all the donations to the Election Commission and this has raked up a big controversy. What is the Electoral Bonds case and how is to going to be impacting the upcoming Lok Sabha elections 2024? Watch the video to know more.
07 March,2024 07:33 PM IST
The monetary policy committee of the Reserve Bank of India voted unanimously to keep the repo rate unchanged at 6.50 per cent. Experts say this means those with existing home loans should see no change in EMIs. However, the question of whether a borrower should choose a floating or fixed rate going. RBI Governor Shaktikanta Das informed about the unchanged repo rate.
10 August,2023 12:27 PM IST | Mumbai
Reserve Bank of India (RBI) Governor Shaktikanta Das held a press conference on June 08 where he informed that the monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. He also spoke about the growth in the Gross Domestic Product (GDP) of India which was recorded at 7.2 per cent in 2022-2023. Earlier, it was estimated to be 7 per cent. He also said that by taking all the factors into consideration, the real GDP growth for the year 2023-24 is projected at 6.5 per cent. “India’s real Gross Domestic Product (GDP) recorded a growth of 7.2 per cent in 2022-23, stronger than the earlier estimate of 7 per cent. It has surpassed its pre-pandemic level by 10.1 per cent...Taking all factors into consideration, the real GDP growth for the year 2023-24 is projected at 6.5 per cent,” said Shaktikanta Das.
08 June,2023 03:49 PM IST | Mumbai
Former Principal Secretary to Prime Minister Narendra Modi Nripendra Misra on May 22 said that the PM was not keen on the introduction of the Rs 2,000 notes but went along with the advice of his team. “PM Modi was not at all in favour of Rs 2000 notes. But, as demonetisation was to be done in a limited time, he gave reluctant permission for it. PM never considered Rs 2000 note as a note of the poor, he knew Rs 2000 has hoarding value instead of the transactional value,” said Nripendra Misra.
23 May,2023 10:57 AM IST | Mumbai
Reserve Bank of India (RBI) Governor Shaktikanta Das while briefing the media persons assured that note of Rs 2000 will remain legal tender despite it being withdrawn from circulation.“Let me clarify and re-emphasise that it is a part of the currency management operations of the Reserve Bank. For a long time, the Reserve Bank has been following a clean note policy. From time to time, RBI withdraws notes of a particular series and issues fresh notes. We are withdrawing the Rs 2000 notes from circulation but they continue as legal tender,” said Shaktikanta Das.
22 May,2023 05:23 PM IST | Mumbai
The Reserve Bank of India on Friday announced the withdrawal Rs 2,000 note, from circulation, adding that the notes will continue to be legal tender. It said the existing Rs 2,000 notes can be deposited or exchanged in banks until September 30, but with a limit “Rs 20,000 at a time”. The central bank advised the public to deposit Rs 2,000 notes — introduced during demonetisation in November 2016, into their bank accounts and/ or exchange them into notes of other denominations at any bank branch. It also advised banks to stop issuing Rs 2,000 notes with immediate effect. This decision received praise as well as criticism from political fronts.
20 May,2023 02:29 PM IST | Mumbai
Bank officials shot, rushed to hospital by reporters while cops donu00e2u20acu2122t bother. Video courtesy: NDTV
21 June,2012 11:14 AM IST
Amid the rapid growth in the prices of tomato, the Congress party in Lucknow on Wednesday opened a tomato bank to help the common masses. Rising prices of tomatoes have been burning a hole in the pocket of many consumers across the country and forcing changes in lifestyle for majority of middle and low-income group Indians. The ‘State Bank of Tomato’ was opened as part of a protest launched against the Central Government over the hike in prices of tomatoes. A long queue of customers was seen holding baskets of tomatoes outside the bank. Many people have come to deposit their tomatoes in the bank due to the fear of tomatoes getting stolen from their houses.
03 August,2017 09:17 PM ISTADVERTISEMENT
