RBI Announces steps to maintain Orderly Market Conditions
Reserve bank of India on Monday (August 31) announced conducting of additional special open market operation involving the simultaneous purchase and sale of Government securities for an aggregate amount of Rs.20,000 crore in two tranches of Rs.10,000 crore each. The auctions would be conducted on September 10, 2020 and September 17, 2020. “The RBI remains…
Read article Learn how NDTL for banks Calculated
Updated on 13.10.2022 Net Demand and Time Liability (NDTL) is basically the sum of demand and time liabilities including ODTL of scheduled commercial banks. NDTL is used by banks for the computation of the Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), and Liquidity Adjustment Facility (LAF). i.e. Net Demand and Time Liabilities (NDTL) =…
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How NGOs get foreign funding under FCRA?
Foreign contributions are a major source of financial support for NGO activities in India. Foreign funds are flowing in through private foundations, foreign governmental agencies, and individuals for charitable causes either in the form of donations or as project funding support. The process of receiving these grants has been subjected to law ever since the…
Read article MPC maintains repo rate on hold and makes several other important announcements
In the second bi-monthly monetary policy statement announced on Thursday (dated 06.08.2020), MPC decided to keep policy REPO rate under the liquidity adjustment facility (LAF) unchanged at 4.25 per cent. The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within…
Read article Important measures announced in Statement on Developmental and Regulatory Measures dated August 6
In the second bi-monthly monetary policy statement announced on Thursday (dated 06.08.2020), The RBI Governor said that while he is outlining the following main measures, the Statement on Developmental and Regulatory Measures which addresses them in greater detail. 1. Additional Special Liquidity Facility (ASLF) Governor announced additional special liquidity facility of ₹10,000 crore will be…
Guidelines on seeking information under RTI act
[One can seek information under RTI Act- 2005 from any Public Authority (government organization or government aided organization). Application can be made through online platform or on a plain sheet of paper (handwritten or typed)]. Right to Information (RTI) Acts 2005, popularly known as RTI Act under which any citizen of India may request information…
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