India within striking distance of attaining positive growth: RBI

India’s GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter “V” in the V-shaped recovery stands for the vaccine. The Indian government launched the world’s biggest vaccination drive on January 16 to protect people from COVID-19. “What will 2021 look like? The shape of the recovery […]

Assam: Check the complete list of Bank holidays in 2021

The Reserve Bank of India (RBI) has released its holiday schedule for Assam on its official website for the year 2021. Banks would remain closed for a total of 17 days in 2021. Banks across India will remain closed for more than 40 days throughout the year, as per RBI. According to RBI, bank holidays […]

Manipur Dy CM stripped of finance portfolio; CM N Biren Singh takes over as financial crisis grips state

Within a day of Reserve Bank of India stopping fund flow to Manipur due to excess withdrawals by state departments, Chief Minister N Biren Singh stripped deputy chief minister Joykumar Singh of finance portfolio and has banned all hiring. A 3-member high level committee has been set up to investigate the large drawals. Chief Minister […]

Reserve Bank of India slashes repo rate to 5.75%

Major relief to common man as the Reserve Bank of India on Thursday slashed repo rate to 5.75 per cent from 6 per cent. The move was taken by the RBI in order to make home loans and other loans cheaper. The Reserve Bank of India’s monetary policy committee, led by Governor Shaktikanta Das, announced […]