Manufacturing PMI
As per the private survey, Manufacturing activity slowed in June due to lesser number of new orders.
Financial Stability Report
RBI released its half yearly financial stability report on Thursday 27th June.
RBI report on NBFCs
As per the Financial Stability Report by RBI, the on-going crisis in the non-banking financial companies (NBFC) sector has brought it under greater market discipline.
RBI begins monitoring HFCs
The Reserve Bank of India (RBI) has started monitoring the of housing finance companies (HFCs) on a daily basis after the liquidity crisis hit these firms, resulting in defaults.
Payments data must be saved locally: RBI
The Reserve Bank of India (RBI) has clarified that payment system providers need to store entire payments data in a system only in India.
Cash in circulation fell post note ban: FM
According to Finance Minister, increased digital transactions led to a reduction in currency in circulation by Rs 3.4 lakh crore.
Distressed asset fund’ for MSMEs
A Reserve Bank of India (RBI) committee headed by U.K. Sinha has suggested a Rs 5,000 crore stressed asset fund for domestic MSMEs.
RCEP
As per the official statement from government, it would be “premature” to suggest that India could be cut out of the Regional Comprehensive Economic Partnership (RCEP) being negotiated by 16 countries led by the ASEAN bloc, if it doesn’t agree to join it by the year-end.
RBI unveils online portal for filing grievances
The Reserve Bank of India launched an application for lodging complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances.
GST Council meet
The 35th meeting of GST Council is held on Friday(21 June) 2019.