Monetary policy review: Policy rates unchanged
The Reserve Bank of India (RBI) on 05 December(Wednesday) kept key policy rates unchanged at 6.5% as inflation eased significantly.
RBI to inject money to ease liquidity
The Reserve Bank of India (RBI) would inject Rs 10,000 crore into the system through the purchase of government securities on December 6 to increase liquidity.
India to host G20 Summit in 2022
India will host the G20 summit in 2022, to coincide with the 75th anniversary of its Independence.
No local currency trade with India: China
China rejected India’s proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit.
Train 18
India’s first engine-less train, known as Train 18, crossed the 180 km per hour (kmph) speed limit during a trial run.
Central guidelines for crèches at workplaces
The Centre has prepared guidelines for setting up of crèches at workplaces.
G20 Summit: India urged to act on fugitive offenders
India has called for a strong and active cooperation across G-20 countries to deal with fugitive economic offenders and facilitate asset recovery.
Fiscal deficit exceeds full – year target
As per the official data released, the government’s fiscal deficit for April-October period stood at Rs 6.48 lakh crore, or 103.9% of the full-year target of Rs 6.24 lakh crore.
Fall in Forex reserves
As per the RBI report on foreign exchange management, the adequacy of foreign exchange reserves, as measured by import cover, declined to 10.1 months as on June 2018.
Growing protectionism may hit engineering exports
According to the erstwhile Engineering Export Promotion Council (now EEPC India),engineering exports may slip by about $5 billion due to increased protectionism in the U.S. and Europe.