Monetary Policy: The Reserve Bank of India maintained status quo in policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at 4% to keep the stance accommodative. While announcing the Bi-monthly policy RBI Governor Shaktikant Das said, MSF rate and bank rate will remain unchanged at 4.25%. […]
Tag: 12th Feb 2022
Russia – Belarus Relations
Belarus: Russia rolled its tanks across Belarus for live-fire drills that drew an ominous warning from NATO and added urgency to Western efforts to avert a feared invasion of Ukraine. The war games — set to run until February 20 — followed a gradual Russian military build-up around Ukraine that some U.S. estimates say […]
Liquidity Window For Healthcare
Liquidity Window For Healthcare: The Reserve Bank of India (RBI) proposed to extend the term-liquidity facility of ₹50,000 crore offered to emergency health services by three months till June 30. Last year in May, RBI had announced an on-tap liquidity window of ₹50,000 crore, at the repo rate with tenors of up to three […]
What Is Tulip Mania?
What Is ‘tulip mania’? A week after budget 2022-23 proposed 30 per cent tax on gains made from cryptocurrency trades, Reserve Bank of India (RBI) governor Shaktikanta Das termed it as a “threat to macroeconomic and financial stability”. Tulip mania was a period when tulips were recently introduced and bought in large quantities by […]
Who was Sri Madhvacharya?
Sri Madhvacharya: The Prime Minister, Shri Narendra Modi paid his obeisances to Sri Madhvacharya on the occasion of Madhva Navami. Madhvacharya (CE 1199-1278 or CE 1238–1317) was also known as Purna Prajna and Ānanda Tīrtha. He was a Hindu philosopher and the chief proponent of the Dvaita (dualism) school of Vedanta. Madhva called his […]
What Is Chintamani Natakam?
What Is Chintamani Natakam? Earlier this year, the Andhra Pradesh government banned a 100-year-old play named ‘Chintamani Padya Natakam’ Chintamani Padya Natakam’ was written in 1920 by playwright Kallakuri Narayana Rao, who was also a social reformer. The play is about Chintamani, a courtesan and a devotee of Lord Krishna, who finds salvation by […]
One Ocean Summit 2022
One Ocean Summit: Prime Minister Narendra Modi will address the high-level segment of One Ocean Summit on Feb 11, 2022 through a video message. The Summit will also be addressed by several Heads of States and Governments including Germany, United Kingdom, South Korea, Japan and Canada among others. One Ocean Summit is being organised […]
Privilege Motion against Prime Minister
Privilege Motion: Four Telangana Rashtra Samithi (TRS) members in the Rajya Sabha have submitted a Privilege Motion against Prime Minister Narendra Modi regarding his February 8 remarks in the Upper House about the Andhra Pradesh Reorganisation Bill. Prime minister during his Motion of Thanks to the President’s address, had questioned the parliamentary process adopted […]
Free Trade Agreement: ASEAN
ASEAN: India is in discussion with the 10-nation bloc ASEAN for initiating the review of the FTA (free-trade agreement) in goods between the two regions to seek more market access for domestic products. Free Trade Agreement (FTA) is a pact between two or more nations to reduce barriers to imports and exports among them. […]
US Relations With Indo-Pacific
US Relations With Indo-Pacific: The United States has said that it remains focused long-term on the Indo-Pacific region despite concerns over Russian aggression toward Ukraine. This highlights the importance of the region and the role that India has to play with regard to ensuring security of the region. The idea of the Indo-Pacific as […]