Current Affairs:

  • The Governor of Reserve Bank of India, Shaktikanta Das, recently announced that the central bank will set up a 24*7 helpline platform in order to strengthen the digital payment services in India. This announcement was made through the Statement on Development and Regulatory policy.
  • The Reserve Bank of India (RBI) has recently decided to set up an expert committee on Urban Co-operative Banks (UCBs). Highlights The committee would involve all the stakeholders so as to provide a medium-term road map. The medium-term roadmap in turn will help to strengthen the sector.
  • The Monetary Policy Committee of the central bank recently held its meeting on February 3 to February 5, 2021 to discuss the current macroeconomic financial developments in India. Key Decisions by the committee The committee has decided to keep the repo rate unchanged at the 4 percent.
Kshama Das

By Kshama Das

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